Financial market conditions have spurred a noticeable increase in risk appetite on one hand and there has been an increased interest in other unconventional digital assets such as Bitcoin as a result in recent weeks; the 1:20 crypto leverage comes as a result of extensive demand from a booming crypto community on NAGA looking to capitalise on heightened volatility across markets.
The launch of crypto leverage aligns with the company’s commitment to delivering a complete all-in-one solution that is fully equipped to cater to the needs of traders and investors across the board who are looking for flexible solutions across multi-asset offerings. Leverage on crypto now levels the playing field and creates greater equilibrium between NAGA’s crypto offering and its offerings on other asset classes.
Traders can choose from 10 cryptocurrency-based pairs, which can be traded as CFDs on the company’s MT4 and MT5 platforms. The 1:20 leverage on crypto is one of the most novel initiatives emerging in the trading space. NAGA’s crypto leverage initiative encapsulates the company’s vision to invest in cutting-edge technology that improves client experience.
In consonance with this vision, NAGA clients can enjoy crypto trading on leverage alongside other innovative services, including NAGA’s core social investing solution – Autocopy – which allows investors to automatically follow and mirror the activity of expert traders in their accounts.
2020 has proved to be a fruitful year for NAGA Group with record Q1 and Q2 results. Following strong growth through the first half of the year, the company is well set on a path to expanding its footprint in the European market as well as globally, positioning itself as a top choice for both traders and investors.
Anticipating a jump in sales of up to EUR 24 million in the next quarter, the Management Board has laid out a clear trajectory for the company, with focus on further growth through innovation and localisation of products and services. More information about the company’s expansion plans to follow.
“As we continue to hone our product, clients remain at the heart of every development”, said NAGA CEO Benjamin Bilski. “This new crypto leverage is part of our larger initiative to make trading better and more approachable to traders of all levels of expertise. As cryptocurrencies have gained a lot of traction in the last years, we thought it would be the right time to offer crypto enthusiasts and traders something more. This is how the crypto trading leverage came to life, and we believe our expert crypto traders will love it because it will give them more leeway to enjoy trading their favourite digital currencies, enabling them to increase their risk exposure if they so desire”, Mr. Bilski added.
Of note, however, is that the 1:20 crypto trading leverage applies only to clients of NAGA Global Ltd, NAGA Group’s subsidiary registered under the SVGFSA with registration number 24501 IBC 2018.