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Ahead Of Big Launch, NAGAX Opens Its Social Trading Platform Whitelist

Ahead Of Big Launch, NAGAX Opens Its Social Trading Platform Whitelist


NewsBTC
2022-02-17 14:00:05
Ahead Of Big Launch, NAGAX Opens Its Social Trading Platform Whitelist

Experienced crypto traders who’re willing to share their insights with others in return for rewards might want to take a quick look at NAGAX now that the platform has opened for pre-registration. NAGAX is a new platform that’s aiming to bring the concept of “social trading” into the crypto trading space. In many ways it’s like any other cryptocurrency exchange, with more than 700 different cryptocurrency trading pairs to choose from. But it goes beyond what many traditional crypto exchanges like Binance offer, as it also provides the ability to trade other assets such as stocks, FOREX and derivatives. The biggest difference though is its social trading capability. Social trading is an established feature on many stock trading platforms, allowing users to copy the trades of more experienced platform users to share in their profits. NAGAX enables the same thing for crypto trading. With its Autocopy feature, users can mirror the trades of other traders for a fee of just $1 per trade, with a portion of that fee going back to the original trader. NAGAX also incorporates some facets from Facebook, with a kind of social news feed that will serve as a place for traders to share and discuss news, publish their own content and learn from each other. Obviously, if NAGAX is going to popularize the idea of social trading in crypto it will need more than a few decent traders to start using its platform. That ex...

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