NAGA Group Posts Strong Financial Results in January 2021
- The monthly trading volume reached €18.5 billion, which is up 216% compared to January 2020.
NAGA Group started 2021 with strong financial numbers as trading volume and the number of real money transactions jumped significantly in January 2021 compared to the same period last year. The company reported €18.5 billion trading volume in January 2021, compared to €5.8 billion in January 2020.
According to the official press release, the number of real money transactions reached a new high of 765,000 in the last month, a significant jump from 281,000 in January 2020. Additionally, NAGA Group registered more than 25,500 new customers in January 2021, which is up more than 550% compared to the same period last year.
NAGA Group reported a massive demand for cryptocurrency CFDs due to volatility in the crypto market. Moreover, new deposits jumped 244% in the last month, compared to the same period in 2020. The company has seen its strongest start of the year on record.
Commenting on the recent financial results, Benjamin Bilski, CEO and Founder of NAGA, said: “We are pleased with the strong start in 2021, January significantly exceeded our expectations. At the same time, we see ourselves confirmed in our decision to invest more in marketing. Our growth is profitable and builds on an absolutely sustainable trend in the market."
Growing Interest in Trading Products
The company outlined a growing interest in financial trading products including stocks and cryptocurrencies. The engagement rate at NAGA’s social Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term has increased significantly since the start of 2021.
“We are just about to enter a new era in the stock market. More and more people are interested in the financial market and are actively looking for digital offers for investing in the financial market and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. NAGA's social trading platform absolutely hits the nerve of the times. We are very pleased to see that engagement rates are also increasing tenfold on our platform, more and more exchanges are taking place and new users are already used to the combination of 'social media & investing' by default. The next months and years on the global stock market will be extremely exciting," Bilski added.
NAGA Group started 2021 with strong financial numbers as trading volume and the number of real money transactions jumped significantly in January 2021 compared to the same period last year. The company reported €18.5 billion trading volume in January 2021, compared to €5.8 billion in January 2020.
According to the official press release, the number of real money transactions reached a new high of 765,000 in the last month, a significant jump from 281,000 in January 2020. Additionally, NAGA Group registered more than 25,500 new customers in January 2021, which is up more than 550% compared to the same period last year.
NAGA Group reported a massive demand for cryptocurrency CFDs due to volatility in the crypto market. Moreover, new deposits jumped 244% in the last month, compared to the same period in 2020. The company has seen its strongest start of the year on record.
Commenting on the recent financial results, Benjamin Bilski, CEO and Founder of NAGA, said: “We are pleased with the strong start in 2021, January significantly exceeded our expectations. At the same time, we see ourselves confirmed in our decision to invest more in marketing. Our growth is profitable and builds on an absolutely sustainable trend in the market."
Growing Interest in Trading Products
The company outlined a growing interest in financial trading products including stocks and cryptocurrencies. The engagement rate at NAGA’s social Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term has increased significantly since the start of 2021.
“We are just about to enter a new era in the stock market. More and more people are interested in the financial market and are actively looking for digital offers for investing in the financial market and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. NAGA's social trading platform absolutely hits the nerve of the times. We are very pleased to see that engagement rates are also increasing tenfold on our platform, more and more exchanges are taking place and new users are already used to the combination of 'social media & investing' by default. The next months and years on the global stock market will be extremely exciting," Bilski added.