NAGA Reports 135% YoY Growth in Q2 2021 Revenue

NAGA, provider of the social network for financial market trading NAGA.com, has posted its financial figures for the second quarter of 2021, showing a steep jump in revenue.

More specifically, the broker reported a preliminary revenue of $15 million in Q2 2021, up 135% compared to the $6.3 million in the corresponding period in 2020. That number for Q1 2021 reached  $13.7 million.

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The total group sales for the first half of the year stood at $29 million, 85% higher than the prior year.

The social trading platform also announced that the copied trades in the first half of 2021 grew by 366 percent to 2.8 million, while the overall transactions jumped by 78 percent to 4.8 million. By contrast, the total copied trades in 2020 remained at 1.7 million.

Additionally, the total trading volume approached $155 billion in the first half of the year. This figure was at $59 billion in H1 of 2020 and $143 billion for the entire last year.

Commenting on these results, Benjamin Bilski, CEO of NAGA, said, 

“2021 was fantastic for us, and we keep on accelerating our growth. We are entering growth levels which will soon elevate our brand and platform to global success. It’s all a question of marketing, brand awareness and ensuring that our systems scale. We understand our profitability ratios better and our cohort’s user growth is healthy.”