Cyprus · Crypto
Naga X
Legal name in the LEI recordNAGA X LTD
NAGA X Ltd is a private company registered in Limassol, Cyprus. The Cyprus Securities and Exchange Commission (CySEC) authorises it as a crypto-asset service provider under the EU Markets in Crypto-Assets Regulation (MiCA). The ESMA register records the authorisation from 8 June 2026. The firm is part of The NAGA Group AG, a German fintech group whose shares trade in Frankfurt. Under the NAGAX brand it offers retail clients crypto-asset buying, selling and exchange, together with a custodial multi-chain wallet.
Licences and registrations
Held by Naga X (LEI 984500DCB2AF415E5Y71). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| ESMA interim MiCA register of crypto-asset service providersCyprus Securities and Exchange Commission (CySEC) | Crypto-asset service providerCrypto-Asset Service Provider | 984500DCB2AF415E5Y71 | Cyprus | Active | 2026-06-08 | — |
|
Search the register ↗ |
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory.
Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Group subsidiary
The NAGA Group AG
Firm type
Crypto exchange or broker
Trades as NAGAX
- Ownership
- The firm describes itself as a member of The NAGA Group AG, a Hamburg-based fintech group listed on the Frankfurt Stock Exchange.
- Direct parent
- The NAGA Group AG, Germany
- Head office
- Agias Zonis 11, 3027 Limassol, Cyprus
- Company register
- Cyprus Registrar of Companies HE 424746
Online
- Websites & references
- nagax.com ↗
exchange.nagax.com ↗ exchange site (listed assets, fees, trading rules, API)
nagax.zendesk.com ↗ help centre - Official social accounts
- LinkedIn ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 8 pages consulted
- nagax.com/eu/
- nagax.com/eu/regulation-and-licensing
- files.nagax.com/files/NXCY-Terms-of-Use.pdf
- cms.naga.com/Naga_X_Client_Agreement_Feb2025_494fbc7978.pdf?updated_at=2025-03-28T16%3A07%3A10.648Z
- nagax.com/eu/crypto-wallet
- nagax.com/eu/about-us
- tradingview.com/news/eqs:4ad45334d094b:0-naga-secures-mica-authorization-for-crypto-asset-services-across
- financemagnates.com/forex/brokers/naga-wins-eu-crypto-license-days-before-mica-deadline/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The Cyprus Securities and Exchange Commission (CySEC) authorises the firm as a crypto-asset service provider under MiCA. Before that it held CySEC national crypto-asset service provider registration No. 009/23, which its website still cites.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) Cyprus | Crypto-asset service provider authorisation under MiCA (ESMA interim MiCA register, since 8 June 2026) | — | In its own name | Active | — |
| Cyprus Securities and Exchange Commission (CySEC) Cyprus | Crypto Asset Services Provider registration (national regime) | 009/23 | In its own name | Status unconfirmed | nagax.com ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm states that client funds are kept in segregated bank accounts. It does not name the banks.
- Crypto-asset custody
- Held by the firmThe firm describes the NAGA Wallet as a custodial multi-chain wallet secured with multi-party computation (MPC) cryptography and hardware isolation. It names no third-party custodian.
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
Its client agreement lists exchange between crypto-assets and fiat currency, exchange between crypto-assets, custody, order reception, transmission and execution, and operation of a multilateral crypto-asset trading system.
It serves clients in the EU under its Cypriot MiCA authorisation. It states that it does not serve the United States, Canada, Cuba, Sudan, North Korea and other countries.
- Sells to
- Consumers
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Octavian Patrascu CEO of The NAGA Group AG (group level, not confirmed as an officer of NAGA X Ltd)
Recent events
Researched 29 Sep 2026 · Sources
-
Licence
CySEC authorised NAGA X Ltd as a crypto-asset service provider under MiCA, and The NAGA Group AG announced this on 24 June 2026.
tradingview.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- Licence no. · ESMA-CASP
- 984500DCB2AF415E5Y71
- BIC
- Holds no BIC in Swift’s directory
- How the LEI was matched
- Published by the register
- Elucidate firm ID
- f6050f942d6e
Profile
- Type
- CryptoCrypto-asset service providers, virtual-asset trading platforms and stablecoin issuers. Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- Crypto-Asset Service Provider
- Activities
- Crypto-assets
- Licensed in
- Cyprus · Europe & Central Asia
- First registered
- 2026-06-08
- Website
- www.nagax.com/eu ↗
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Address on the register
- Ariadnis 7, Mouttagiaka, 4531, Limassol, Cyprus - (HQ)
- Country
- Cyprus
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address, with its LEI
- Postal address
- Incomplete: no town published
- The register publishes no town as a separate field. A CBPR+ postal address needs at least a town name (TwnNm) and a country (Ctry).
The LEI record in GLEIF holds a structured legal address.
CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- ESMA interim MiCA register of crypto-asset service providers—European Securities and Markets Authority (ESMA) · source ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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