Continued Win for Naga Group, Ready to Launch Crypto Exchange in March

Continued Win for Naga Group, Ready to Launch Cryptocrypto Exchange in March

Naga Group AG, headquartered in Hamburg, is set to take another significant move in the crypto space. The company announced a plan to launch its cryptocurrency exchange on March 7, 2022.
The NagaX will be the first Web3 social trading platform with numerous integrations powered by naga-protocol. The package is meant to boast huge utility, dynamic staking, and exciting NFT opportunities to foster ‘’Community Token Owning.’’ For starters, users will be offered with Cryptocurrency wallet and a list of more than 50 digital assets.
Trading being a booming business, mostly to companies that offer them, Naga Group has plans to IPO and will gather more investors, possibly more venture cap interested to meet and serve the new crypto generation.
Well, they are not done, yet. Naga Group still targets to bring more products onboard- including Naga Earn and Naga NFT platform. With Non-Fungible Tokens (NFT), traders will have a choice of trading, sharing, or withdrawing from NagaX and mint on Etherium Chain. Moreover, no gas fee will be incurred for minting as it will be done on Naga protocol.
On launch announcement, Benjamin Bilski, the founder, and CEO of Naga Group AG said; “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,” he added.

Non-exhaustive Growth

Naga Group AG offers a growing range of tradable markets, good quality research, and support for multiple social copy trading platforms. The launch of NagaX will be the first initial release of a Web3 by a Public Listed Company.
Naga Group AG, which is a publicly-traded company has seen explosive growth with monthly revenue of €8 million in January this year compared to €2.8 million which was recorded in the same period in 2021. The shining growth has also been witnessed with multiple signing up that translated 2021 revenue to €55.3 million.
Benjamin Bilski stated, “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.”

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