NAGA Group posts strong financial results in January 2021

NAGA Group AG, provider of the social network for financial market trading NAGA.com, has published its trading volumes for January 2021, showing a significant jump in monthly numbers compared to the same period last year.

According to the official press release, NAGA reported a trading volume of over € 18.5 billion, which represents an increase of 216% compared to the same period last year (€ 5.8 billion). The number of real money transactions also more than doubled, climbing sharply to a new high of 765,000 compared to 281,000 in January 2020. This also had a positive impact on trading results, which increased by over 246% year-on-year. NAGA thus has experienced its strongest start of the year since the company was founded.

NAGA recorded an even more significant increase in new registrations. For example, over 25,500 new customers signed up with NAGA in January 2021, which rose more than six-fold compared to 3,900 in January 2020. New deposits have improved over 244% compared to the same period. 

"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," comments Benjamin Bilski, CEO and founder of NAGA, on the record figures.