NAGA, which operates a social trading platform dealing with Cryptocurrency, has received a new license from the Seychelles regulator that will help the group accelerate its global presence.
“The license from Seychelles offers a fully regulated environment for our business outside Europe, it will enable us to strengthen banking and payment relationships and unlock significance for our B2B segment,” said NAGA’s Founder and CEO, Benjamin Bilski.
“We have been working for several months on this license and are happy to get it operational in Q4.”
At the very beginning, NAGA worked with a German license, and then this year received a license for Cryptocurrency in Estonia.
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NAGA Crypto Assets
German fintech company Naga, which offers investments in stocks and Cryptocurrency through its mobile app, launched a Social trading platform called NAGAX in 2022. Its product line boasts a Cryptocurrency wallet for over 50 assets with a built-in exchange function. In addition, its social trading module opens up various opportunities for community building.
The NAGAX Dashboard also supports a News Feed that broadcasts the latest Blockchain and Cryptocurrency news. The Crypto Influencers segment allows top Crypto Twitter speakers to share their statements about Web3 and digital assets.
At the moment, the broker is looking to expand its Crypto offerings.
NAGAX, the Crypto arm of NAGA Group, has signed a letter of intent with Guide Investimentos, a Brazilian digital asset management platform owned by FOSUN Group, to form a joint venture. They plan to launch a Cryptocurrency trading platform in Brazil.
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