NAGA announces NAGAX launch date and starts dynamically into 2022

15.02.2022 / 12:00
  • Crypto exchange NAGAX release at the beginning of March 
  • Strong start to the new year: Brokerage revenues rise to around  EUR 8 million in January 2022.  

Hamburg, 15. February 2022 - NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7),  provider of the social network for trading, cryptocurrencies and payments,  announces the launch date of its crypto exchange NAGAX and a trading update. 

NAGAX release on March 7, 2022 

On March 7, 2022, NAGA launches its brand-new social trading platform NAGAX  focused on cryptocurrencies. NAGAX will launch with a crypto wallet as well as a crypto  exchange with more than 50 assets. 

"Thanks to years of experience as a market maker, connected to a wide variety of  liquidity pools, we feel we are ideally positioned to offer a top service in physical crypto  trading. NAGAX will offer fast, secure and affordable trading. We expect that the focused  crypto division will be able to generate more revenue than the existing brokerage  business in the next 18 to 24 months," comments Benjamin Bilski, founder and CEO of  NAGA Group AG, on the imminent launch. 

NAGAX is all about the community. A unique personal newsfeed will include cutting edge news and there will be a platform for crypto influencers.  

Shortly after the launch of NAGAX, NAGA will release its NFT as well as Staking platform  under the label "NAGA Earn". 

Strong start of the year  

NAGA can also report a dynamic start into the year 2022. Brokerage revenues climbed  to a new monthly high of around EUR 8 million (preliminary; previous year: EUR 2.8  million), almost tripling compared to the same month last year. 

"A very pleasing start to a new successful year for NAGA. We will continue to accelerate  our growth in a targeted manner. In addition, we are increasingly working on global M&A  activities as well as partnerships, which we intend to announce as soon as possible,"  adds Bilski. 

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Andreas Luecke
The NAGA Group AG
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