At the end of September, NAGA became the first broker to launch a mini app within the Telegram messaging application.
These can be opened up within the application itself and act in much the same way as any other mobile app once you do.
The interesting thing is that mini apps show their number of monthly users. And according to the Telegram page for the NAGA mini app, it has 166,253 monthly users.
It is difficult to figure out from Telegram what actually constitutes a monthly user. TradeInformer reached out to Telegram’s press team but had not received a response at the time of publication.
The most popular mini app today appears to be Hamster Kombat, a crypto trading app that has close to 70m monthly users as of Monday.
From a regulatory point of view, NAGA’s app is also interesting because, for better or worse, you appear to onboard based on the country you select that you are from.
A UK user, for example, cannot onboard with the broker, which currently doesn’t take UK clients. To draw a contrast, brokers with offshore operations probably would take such a client if they were to access their site via a web browser under the reverse solicitation logic.