Launch of NAGAX NAGA Group also introduced its new social trading platform focused on cryptocurrencies, NAGAX. The platform is expected to launch in the first quarter of 2022. NAGAX will provide users with Web3 social trading experience, futures and derivatives exchange and a spot exchange supporting over 700 tradable assets. In addition, the platform will…
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Benjamin Bilski, CEO of NAGA commented: We worked hard to deliver the new functionalities and are excited about the possibilities NAGA Pay offers to our customers. Besides being able to make payments and send money, users can also invest with one tap in over 1,500 assets including straight equities for just EUR 0.99 per trade.…
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The Group also revealed its own NFT marketplace, to be released in the fourth quarter of the year. The “Non-Fungible-Token” platform allows assets or their ownership structure to be digitally stored on a decentralized database via the blockchain. NFTs are gaining popularity in digital art, sports, and music with estimated trading volume in 2020 of…
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After this investment, the number of members of the Supervisory Board will be grow from four to five at the upcoming Annual General Meeting. The company will nominate Christian Angermayer as a new member. The Annual General Meeting was postponed from September 23, 2021 to October 11, 2021 in order to add this agenda. Christian…
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NAGA offers copy trading as its primary focus to customers. It saw this aspect of its business grow significantly when compared to 2020 figures. During the first half of 2020, NAGA saw 0.6 million copy trades carried out compared to the second half, which sat at 1.1 million. This gave a total of 1.7 million…
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ASIC announced that Societe Generale Securities Australia Pty Ltd (SGSAPL) has met the additional Australian financial services (AFS) licence conditions imposed on the company and they were removed on 3 June 2021. The licence conditions imposed on SGSAPL in June last year required the company to appoint an independent expert to assess and test the…
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NAGA CEO Benjamin Bilski, commented: It is exciting to see that compared to the same period in 2019, where revenue stood at EUR 0.9 million, we are now able to report a growth in revenue by more man twenty times. We will remain focused on growing our brand authority further and increase user base. Together…
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Benjamin Bilski, CEO of NAGA, said: Our first NAGA card offering suffered from technical limitations and did not meet all our customers’ needs. In choosing to work with Contis, we’ve gained a strong and highly experienced partner with a documented track record and industry leadership. Contis brings a proven ability to deliver large scale payment…
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Westpac Banking Corporation announced reaching an agreement with the Australian Transaction Reports and Analysis Centre (AUSTRAC for 23 million alleged breaches of anti-money laundering laws. The bank agreed to pay $1.3 billion to settle the charges in the biggest penalty in Australian corporate history. Digital asset trading platform Bitfinex launched real-time market data feed to…
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In his new role, Cichowski brings to the German social trading-focused brokerage a decade of experience in the field. Prior to his new appointment at Naga, he worked for eight years at FxPro Group as a dealer. According to his LinkedIn profile, Cichowski left the online broker in April. Before FxPro Group, Cichowski served as…
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