NAGA taps Stelios Eleftheriou to lead payments and crypto business

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NAGA Group has appointed FX industry veteran Stelios Eleftheriou, who has a colorful career in the gaming industry, to lead its NAGAX cryptocurrency platform and neo-banking app NAGA Pay.

Stelios Eleftheriou

As General Manager of NAGA Pay & NAGA X, Stelios will focus on improving the payment experience for users, scaling the service offering and strive to contribute to the vision from the German digital and financial inclusion brokerage.

Eleftheriou lands at NAGA after leaving a long tenure of nearly six years at Parimatch Cyprus, where he was CEO of the gaming/betting broker. He brings with him 17 years of experience in digital financial services, including different stops on binary options platforms.

“I am happy to share that I have started a new position at NAGA as Managing Director of NAGA Pay and NAGA X. The #NAGA Group AG is a Germany-based FinTech company listed on the Frankfurt Stock Exchange and is the company holding company of various companies with multiple financial licenses around the world. #NAGAPay is the payments wing of the group and #NAGAX is an all-in-one licensed social crypto investment platform. I am honored by the trust, grateful and excited about this opportunity,” Eleftheriou wrote on his Linkedin profile.

The Germany-based broker launched its brand new cryptocurrency-focused social trading platform in March. NAGAX consists of a futures and derivatives exchange, a crypto wallet, an integrated NFT platform, a staking platform and a spot exchange with around 700 tradable assets. The platform also aims to provide a unique Web3 social trading experience, in which user-generated content on the platform is converted into NFTs that can be monetized.

NAGAX offers customers quick access to the native NAGA coin, the NAGA coin. The exchange is also connected to the financial community and its parent company’s social investment network, bringing together more than half a million traders from around the world. The network is a digital space for newcomers and skilled traders to share their experiences, discuss core issues and market conditions via personal, group or public chats.

Additionally, the company is focused on expanding its regulatory map, having recently secured an Estonian crypto license for NAGAX. Additionally, two more crypto asset service provider licenses are in the works and are expected to be granted in 2022, the company said.

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