Source: financemagnates, 31/1/2025
NAGA has launched a new feature to enhance the accessibility of cryptocurrency CFD trading. The new platform, dubbed CryptoX, promises to eliminate overnight fees on long positions, provides real-time market exposure and enables traders to start with as little as $1.
By integrating with NAGA’s copy trading feature, CryptoX also enables users to reverse successful trading strategies. According to the company, one of the notable features of CryptoX is the elimination of overnight fees on long positions (buying).
Enhance cost efficiency
This makes the move more cost-effective for traders looking to hold positions for extended periods. By removing these fees, NAGA aims to attract both long-term investors and active traders seeking better cost efficiency in their cryptocurrency portfolios.
CryptoX guarantees traders to get 1:1 exposure to the market at real-time prices that reflect the actual value of the underlying crypto assets. This level of transparency allows for more informed decision-making.
CryptoX also integrates with NAGA’s copy trading function, a tool that allows users to replicate the strategies of more experienced traders. This feature caters to those who may not have extensive trading knowledge but still want exposure to the cryptocurrency market.
In addition, users can start trading with just $1, making it easier for new and experienced traders to participate in the market without significant provider investment.
According to the company, CryptoX allows continuous trading even on weekends. Unlike traditional financial markets, cryptocurrencies trade around the clock, seven days a week. This ensures that traders do not miss out on any opportunity due to time constraints, making it an attractive feature for those looking to take advantage.
Copy Trading Integration
CryptoX also integrates with NAGA’s copy trading function, a tool that allows users to replicate the strategies of more experienced traders. This feature caters to those who may not have extensive trading knowledge but still want exposure to the cryptocurrency market.
By following the best performing traders, users can diversify their strategies and improve their chances of success. NAGA offers trading in stocks, forex, commodities and cryptocurrencies.
Last year, NAGA Group appointed boxing legend Mike Tyson as its brand ambassador. Describing the collaboration with Mike Tyson, NAGA CEO Octavian Patrasco stated that his team was able to negotiate and sign contracts with the boxing legend and coordinate with production teams in Los Angeles and New York.
