CYSECRegulated
Cyprus Crypto Asset Exchange Service (EXS)
NAGA
Regulated in Cyprus
Crypto Asset Exchange Service (EXS)
Basic Information
Country/RegionGermany
Exchange AbbreviationNAGA
Company NameNaga X Ltd
Operating Period5-10 years
Websitehttps://nagax.com/
Exchange TypeCentralized Exchange
RiskNotice
2 risk alerts
- License No.
- Unreleased
- Regulatory Jurisdiction
- Cyprus
- Licensed Entity
- Naga X Ltd
- Effective Date
- 2023-06-07
- Sharing Status
- No
User Feedback
3
Exchange Overview
Exchange Overview
What is NAGA exchange (NAGAX)?
NAGAX is a crypto social trading platform where users can buy and sell cryptocurrencies and start their Web3 journey.
Platform Features
The platform supports over 100 cryptocurrencies, certified charts, 150+ countries, offers free trading education and an integrated wallet, and focuses on 'making crypto social'. It is a platform that integrates crypto trading, wallet, and social features.
Business Region
InfluenceD0
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News
NAGA Founder Ben Bilski Launches "AI-Native" Decentralized Exchange on Solana
Ben Bilski, the Founder and former CEO of NAGA Group, has launched a new crypto trading platform called True Trading, which is now live in pre-launch. According to Bilskis announcement on LinkedIn, the decentralized exchange incorporates a “trainable” artificial intelligence engine and is built on a Layer 2 protocol using the Solana blockchain. AI Functionality and Automation According to its official website, True Trading describes itself as an AI-native decentralized exchange. The platform features an integrated large language model designed to improve over time by analyzing user interactions, trades, and market data. It automates tasks such as risk management, KYC, and payment flows, aiming to streamline the user experience. True Trading reportedly uses smart contracts for all trade executions, meaning users retain control of their funds at all times. This design removes custody risk and enables transparency, as all liquidity is sourced from public vaults and tracked on-chain. The platform operates on its own Layer 2 infrastructure powered by Solana, allowing for high-speed transaction processing and reduced costs. According to company disclosures, True Trading Corp is incorporated in Panama. Trading Features True Trading offers several DeFi trading functions, including: On-chain perpetual contracts, copy trading of high-performing strategies, and yield earning through smart contract-based investment strategies. The platform
NAGA and CAPEX.com Merger Gets Shareholders Nod: 2 New Licenses in Pipeline
The shareholders of publicly listed NAGA GROUP AG (XETRA: N4G) have approved the merger of the broker with CAPEX.com. As many as 99.81 percent of the NAGA shareholders voted in favor of the merger at the extraordinary general meeting held on April 12. Expansion Plans The press release today (Monday) further revealed that the Hamburg-listed broker is seeking two additional regulatory licenses, which are in the process of approval. However, it did not specify the jurisdictions of the sought-after licenses. Currently, NAGA and CAPEX hold nine regulatory licenses together. “Securing this vote will allow us, after the regulatory approvals for the merger, to execute the new business plan,” Octavian Patrascu, the new CEO of the NAGA Group, said in a statement. “We are expanding the global reach of NAGA and upgrading the SuperApp to offer a true all-in-one user experience, unique in the world of Fintech.” A Strategic Merger NAGA and CAPEX.com agreed to the merger last December. Under the agreement, Patrascu, the founder and CEO of CAPEX.com, was appointed as the Group CEO of the merged entity. He also injected $9 million into NAGA via a convertible bond, making him the largest shareholder in the company. Originally, the closure of the deal was planned for the
