NAGA Group Launches NAGAX Crypto Exchange, Prints Monthly Earnings Record
New Centralized Crypto Exchange NAGAX Goes Live With 50+ Cryptos Available For Trading
NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7), a leading trading infrastructure provider, is breaking with its NAGAX platform in the cryptocurrency segment.
NAGAX cryptocurrency platform launched by NAGA Group
According to the official announcement shared by NAGA Group AG, it has launched its groundbreaking cryptocurrency trading platform for retail users, NAGAX exchange†
WE ARE LIVE
— NAGAX (@NAGAX_Official) March 7, 2022
The product stack features a cryptocurrency wallet for over 50 assets with a built-in exchange feature. Also, the “social” trading module unlocks various community building opportunities.
The NAGAX dashboard also supports a news feed that broadcasts the latest news about blockchain and cryptocurrencies. The crypto influencer segment allows Crypto Twitter’s top speakers to share their statements on Web3 and digital assets.
Benjamin Bilski, founder and CEO of NAGA Group AG, adds that this expansion looks natural given NAGA Group’s experience in the global trading business:
Thanks to years of experience as a market maker, tied to a wide variety of liquidity pools, we feel ideally positioned to provide a top-notch service in physical crypto trading. NAGAX offers fast, safe and affordable trading. We expect the targeted crypto division to be able to generate more revenue than the existing brokerage business in the next 18 to 24 months.
Real estate income soars to new highs
Shortly after the launch of the crypto trading platform, NAGA Group is going to unveil its own non-fungible token platform and staking module called NAGA Earn.
As previously described by U.Today, NAGA Group celebrated the launch of its cryptocurrency trading platform with a $35,000 airdrop.
This announcement comes amid record-breaking trading volumes and brokerage revenues witnessed by the NAGA Group. It amassed $8 million in revenue in the past 30 days, three times more than a year ago.