Fintech Company Launches Crypto Exchange Platform Integrated Into Social Investing Network

Hamburg-based fintech company Naga has released its new exchange platform, Nagax, after an intensive beta testing period.

The new platform is integrated into the social investing network - also known as Naga Trader.

Nagax will be connected to the Naga platform through its own cryptocurrency wallet, the Naga Wallet: It supports major crypto, all ERC-20 tokens, as well company's native currency - the Naga Coin - and allows users to send coins and tokens directly to their contacts via their email address.

The Naga Trader, on the other hand, is a social investing platform based on a copy trading feature.

Users are able to copy the most successful traders on more than 800 markets - including stocks, cryptocurrencies, indexes, forex, commodities, virtual items, contracts for difference and exchange-traded funds with nine crypto and fiat trading accounts to choose from.

The team emphasizes, Naga Trader is positioned as a social network where traders can connect with each other by liking, commenting or sharing posts about their trading success and various strategies on the News Feed.

The first products released by the team were trading social network SwipeStox and virtual marketplace Switex.

The first step in that area was releasing Naga's own native token - the naga coin.

The naga token is intended to serve in the Naga Group's announced projects, including the Naga crypto wallet, trading and investing platform, virtual goods marketplace and financial education academy.

In July 2018, the team introduced gaming items as trading instruments within the Naga Trader platform.