Nexo integrates The Tie's analytics for retail traders

Cryptocurrency lender Nexo has built-in The Tie’s real-time analytics into its platform to assist retail traders in refining their buying and selling methods with “institutional-grade” buying and selling analytics.

The newly built-in analytics device offers traders with a spread of indicators together with real-time Twitter statistics, on-chain exercise, gasoline charges, possession distribution, and detailed asset descriptions. The crypto data companies supplier mentioned this knowledge, historically obtainable solely to establishments, is now accessible to all Nexo customers. 

The TIE’s core product is the SigDev Terminal, which affords market, firm, and information knowledge all on a single platform. The agency’s information knowledge is at the moment probably the most broadly used operate on the terminal.

Within the first quarter of 2024, spot buying and selling quantity on centralized exchanges reached $4.29 trillion, highlighting the large demand from market contributors. 

“Studying to investigate and perceive the market requires each time and knowledge. By partnering with The Tie, we’re dedicated to offering all customers with quick entry to market sentiment and actions, enhancing their expertise and engagement by beneficial data-driven insights,” mentioned Elitsa Taskova, Chief Product Officer of Nexo.

Joshua Frank, Co-Founder and CEO of The Tie, added: “We’re thrilled to introduce real-time analytics instruments on the Nexo platform. Nexo customers will now have entry to the identical industry-leading metrics that we offer to over 100 institutional purchasers on The Tie Terminal. We commend Nexo’s imaginative and prescient to combine The Tie’s in depth instruments to construct a sturdy and distinctive buying and selling expertise for particular person traders.”

The Tie has been part of Nexo Ventures’ portfolio since March 2022. The sector has attracted first rate funding in latest months as traders try to make sense of the flood of crypto-related data. The Tie’s purchasers embody conventional and crypto-native hedge funds, OTC desks, market makers, buying and selling venues, banks, sell-side companies, and different institutional market contributors.

Nexo launched its funding arm, Nexo Ventures, in 2022, which now consists of over 60 portfolio corporations. Since its inception, the corporate has processed over $130 billion for greater than 7 million customers throughout 200 jurisdictions. 

Earlier this month, the crypto lender acquired preliminary approval as a licensed entity in Dubai from the area’s Digital Property Regulatory Authority (VARA).