In response to a rise in demand for cryptocurrencies, social buying and selling platform NAGA introduced right this moment that it has launched elevated leverage of 1:20 on cryptocurrency buying and selling.
Volatility pushed by the COVID-19 pandemic has seen an uptick in buying and selling throughout many belongings, together with cryptocurrencies, particularly Bitcoin. Due to this fact, the corporate mentioned in a press release right this moment that it has launched the 1:20 crypto leverage in response to in depth demand, with the platform aiming to capitalise on the heightened volatility and buying and selling exercise.
On NAGA, traders can select from 10 foreign money pairs based mostly on cryptos. These may be traded as contracts for distinction (CFDs) by way of the corporate’s MetaTrader four and MetaTrader 5 platforms.
CAPEX.com Presents Model-New AwardsGo to article >>
It’s price mentioning that the 1:20 crypto leverage is just obtainable to shoppers of NAGA’s operations in Saint Vincent and the Grenadines – NAGA World Ltd, which is registered underneath the nation’s native regulator the Monetary Providers Authority (FSA).
Benjamin Bilski, Founder and Board member of The NAGA Group AG
Commenting on the brand new improvement, NAGA CEO, Benjamin Bilski mentioned within the assertion: “As we proceed to hone our product, shoppers stay on the coronary heart of each improvement. This new crypto leverage is a part of our bigger initiative to make buying and selling higher and extra approachable to merchants of all ranges of experience.
“As cryptocurrencies have gained a whole lot of traction within the final years, we thought it could be the correct time to supply crypto lovers and merchants one thing extra. That is how the crypto buying and selling leverage got here to life, and we imagine our professional crypto merchants will adore it as a result of it is going to give them extra leeway to get pleasure from buying and selling their favorite digital currencies, enabling them to extend their threat publicity in the event that they so need.”
NAGA Group Reviews Report Ends in H1 2020
At present’s announcement follows on from the NAGA Group reporting document monetary leads to the primary and second quarter of this 12 months. With the robust efficiency within the first half of 2020, the corporate is now setting its sights on increasing its footprint in Europe in addition to globally.