German Fintech Naga Embarks on Web3 Revolution with Nagax

German fintech Naga, known for its mobile app-based investment in stocks and crypto, will launch a social trading platform called Nagax in 2022. The platform will feature a crypto wallet, NFT platform, staking platform, spot exchange with 700 assets, and a futures and derivatives exchange.

German Fintech Naga Embarks on Web3 Social Trading Revolution with Nagax

Berlin, Germany - January 13, 2023 - German fintech trailblazer Naga, renowned for its innovative investment platform offering stocks and cryptocurrencies, has unveiled its groundbreaking social trading platform, Nagax. This highly anticipated platform, slated to launch in Q1 of 2023, promises to revolutionize the crypto trading landscape with an unprecedented blend of user-generated content, NFTs, and monetization opportunities.

Nagax will serve as a comprehensive crypto ecosystem, boasting a feature-rich suite of services including a crypto wallet, NFT platform, staking platform, spot exchange with an impressive roster of 700 tradable assets, and a dedicated futures and derivatives exchange.

"Nagax represents a quantum leap in social trading, empowering users to seamlessly convert their content into NFTs and unlock an entirely new stream of monetization," declared Benjamin Bilski, CEO of Naga. "By embracing the decentralized ethos of Web3, we are unlocking a world of possibilities where user-generated content becomes a valuable asset."

Nagax's unique offering has been meticulously designed to meet the evolving needs of crypto traders and influencers alike. The platform will curate a diverse range of content from multiple channels, providing traders with a wealth of insights and analysis. Additionally, crypto influencers will gain a platform to monetize their expertise, fostering a thriving community of knowledge and collaboration.

Bilski expressed his unwavering belief in the platform's potential to transform the crypto trading landscape. "Nagax will redefine the user experience by offering an unrivaled combination of trading tools, community engagement, and monetization opportunities," he asserted.

Naga, the driving force behind Nagax, is publicly traded on the Frankfurt Stock Exchange and boasts a market capitalization of approximately EUR 270 million ($310 million). This robust financial foundation provides a solid platform for the launch and growth of Nagax.

"Our commitment to innovation is unwavering," Bilski emphasized. "Nagax is a testament to our vision of empowering our users with cutting-edge tools and services that enable them to navigate the ever-evolving crypto market with confidence and success."

The launch of Nagax is eagerly anticipated by the crypto community, signaling a new era of social trading where user-generated content becomes a valuable asset and influencers are empowered to monetize their expertise. With its innovative features, robust ecosystem, and experienced leadership team, Nagax is poised to redefine the crypto trading experience and drive the industry into an exciting new phase of growth and innovation.