HAMBURG, GERMANY–(Business Wire / Korea Newswire) January 14, 2022 — NAGA Group AG, which operates a social network for trading, cryptocurrency and settlement (German Stock Exchange: N4G, International Securities Identification Number) : DE000A161NR7) announced unaudited preliminary results saying that it recorded performance exceeding the sales guidance for 2021.
Consolidated group sales more than doubled from last year (24.4 million euros) to about 55.3 million euros. Operating profit before tax, interest and depreciation (EBITDA) also showed strong growth, nearly doubling from 6.6 million euros last year to record a record high of 12.8 million euros. In addition, the number of newly registered accounts on the trading platform exceeded 277,000, a 128% increase from last year (122,000 new accounts).
In 2021, trading volume reached 250 billion euros for the first time in history, more than doubling from 2020 (121 billion euros). In addition, more than 10 million transactions were performed in real money, up 60% from 2020 (6.3 million). The copy-trading activity indicator showed a particularly notable increase. In 2021, copy trading through NAGA’s exclusive ‘Auto Cop’ tool exceeded 4.8 million. This is about three times higher than in 2020 (1.7 million = cases).
“2021 has been a fantastic year for NAGA,” said Benjamin Bilski, NAGA’s Founder and Chief Executive Officer. “It paid off by investing in growth and accelerating our marketing efforts,” he said. “We also launched great products like NAGA Pay, improved our platform, and attracted strategic investors.” “There are many things waiting for us in 2022,” he said. “With this new platform, NAGAX, we will put more weight on crypto and decentralized finance (DeFi),” said Bilsky, CEO.
Launch of NAGAX in the first quarter of 2022
NAGA announced that it plans to launch a new social trading platform ‘NAGAX’.
The new platform provides the following features:
– Unique Web3 social trading experience
– Spot trading supporting over 700 tradable assets
– Futures/Derivatives Trading
– Cryptocurrency wallet with the highest security performance
– Embedded Non-Fungible Token (NFT) Platform
– Staking platform
– Launchpad for promising projects
– Educational video content of the learning platform for rewards
This platform provides a globally unique ‘Web3 Social Investing Feed’. It is a function that automatically converts each user content created on the platform into a monetizable NFT.
“With NAGA, we have built the most innovative and socially interactive intermediary platform in the industry driven by copy trading,” said Bilski, CEO. I got it,” he said proudly. “However, I am confident that decentralized finance will achieve the strongest growth in the financial sector,” he said. “The new Web3 social investment feed sets new standards in the financial influencer industry and improves our ability to better serve our potential customers, while content bypasses middlemen and immediately monetizes,” said Bilsky, CEO. We will support you to make it happen.”
“For example, financial influencers who offer premium content such as trading signals or technical analysis can publish content and set prices and availability directly,” he said. “Posts are automatically converted to NFTs.” “Any user with access to an Ethereum-based wallet will be able to instantly unlock content, so each content can be tokenized and traded with the NFT itself.” It also provides an opportunity to copy influencers’ cryptocurrency transactions for over 700 assets.” “The crypto world is highly fragmented,” he noted. “On the other hand, cryptocurrency influencers have to manage multiple channels and monetization flows,” he said. “I believe it will be a powerful new source of income for NAGA,” he said.
The first version of NAGAX is expected to be released in the first quarter of 2022.
NAGA CEO Benjamin Bilsky will host a recorded webinar on Friday, January 14th at 3pm Central European Time and explain NAGAX in detail. the following link (https://naga.com/academy/webinars/936) to register for the webinar.
NAGA is an innovative fintech company that creates a seamless and integrated personal finance and investment experience with a socially enhanced financial system. NAGA’s exclusive platform offers a wide range of services, from trading, investment and cryptocurrency to physical Visa cards and social investment features such as Feed, Messenger, Auto-Copy and more. NAGA is an accessible and comprehensive total collaboration solution that provides a foundation for efficient trading, investment, connection, trading, acquisition, settlement, and more, and is applicable to both fiat and cryptocurrency products.
Company: The NAGA Group AG
High bleaching 12
Email: [email protected]
International Securities Identification Number: DE000A161NR7
Index: Scale 30
Listings: Unofficial and regulated markets in Berlin, Düsseldorf, Frankfurt (Scale), Hamburg, Munich and Stuttgart, as well as individual investor-specific Tradegate Exchanges.
View the full text on businesswire.com: https://www.businesswire.com/news/home/20220113005574/en/
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