The number of transactions for the period was down 4.2 million, which the company attributed to its withdrawal from the UK market, and trading volume came in at €69 billion, compared to 5.7 million transactions and trading volume of €132 billion, registered in the first half of last year. Clients also fell to €24 million…
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Crypto investments The German-headquartered company ventured into the crypto industry with its crypto exchange launched in the beginning of the year, NAGAX. NAGA Group’s crypto arm has signed a letter of intent with FOSUN group-owned Brazilian digital asset management platform, Guide Investimentos, to launch a joint venture. The two companies are planning to offer a…
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The gains in the April trading update follows a strong first quarter for the Group. LeapRate reported last month the financial results of NAGA, reporting a 63% jump in revenue in Q1. The company also noted that its NAGAX NFT platform and its blockchain NXNFT are now live. Bilski said: This year, we are experiencing…
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Reporting on separate business verticals NAGA announced that it is now planning to report its financial results separately – from its neo brokerage, crypto trading, and payments platform, starting in the second quarter. Bilski commented: All our platforms are by now live and have a clear monetization model in place. Now it's all about scaling …
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Research published by the Financial Conduct Authority (FCA) reveals that 2.3 million adults now have cryptoassets. The number is 1.9 million higher than last year. The research estimates that 78% of people have heard of cryptocurrencies while last year it was 73%. The UK regulator’s analysis shows that as holding crypto has become commonplace, the attitudes toward…
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Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, has revealed it has become a connectivity provider for the LME, supporting LME members to use cross-market trading strategies more efficiently. Avelacom’s global coverage includes most developed market exchanges, such as CME, with a focus on emerging markets, including exchanges in…
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As previously mentioned, the funding agreement occurred just as NAGA was experiencing a rapid increase in demand spanning all of its business metrics. In February 2021, the broker reported a total trading volume of around $20 billion and passed a milestone of 1 million monthly transactions. On top of this, 37,000 new trading accounts were…
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The German fintech firm, NAGA, announced today the improvement of the trading experience for its clients by integrating the MetaTrader 5 platform. Moreover, the company has broadened its multi-asset offering to provide its growing network of clients with access to stocks listed on 9 global exchanges, including NASDAQ, NYSE, London Stock Exchange, HKE, Börse Frankfurt…
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