Crypto lending agency Nexo has built-in The Tie’s real-time analytics into its platform to assist retail traders enhance their buying and selling methods with “institutional-grade” buying and selling evaluation.
The newly built-in analytics instrument gives traders with a spread of metrics, together with real-time Twitter stats, on-chain exercise, gasoline charges, possession distribution, detailed asset descriptions, and many others. The crypto data service supplier stated that this knowledge, which was beforehand solely accessible to establishments, is now accessible to all Nexo customers.
TIE's flagship product is the SigDev Terminal, which gives market, firm and information knowledge all on one platform, and the corporate's information knowledge is presently the terminal's most generally used function.
Within the first quarter of 2024, spot buying and selling quantity on centralized exchanges reached $4.29 trillion, highlighting large demand from market individuals.
“Analyzing and understanding the market requires each time and data. By partnering with The Tie, we’re dedicated to offering all our customers with sooner entry to market sentiment and traits, enhancing their expertise and engagement by precious data-driven insights,” stated Elitsa Taskova, Chief Product Officer at Nexo.
Joshua Frank, co-founder and CEO of The Tie, added: “We’re excited to convey our real-time analytics instruments to the Nexo platform. Nexo customers will now have entry to the identical industry-leading metrics that we offer to over 100 institutional traders on The Tie terminal. We applaud Nexo's imaginative and prescient to combine The Tie's intensive instruments to offer a sturdy and distinctive buying and selling expertise for retail traders.”
The Tie has been a part of Nexo Ventures' portfolio since March 2022. The area has attracted important capital in current months as traders attempt to make sense of the deluge of crypto-related data. The Tie's shoppers embrace conventional and crypto-native hedge funds, OTC desks, market makers, exchanges, banks, sell-side companies and different institutional traders.
Nexo launched its funding arm, Nexo Ventures, in 2022 and now has greater than 60 portfolio corporations. Since its launch, the corporate has processed greater than $130 billion for greater than 7 million customers throughout 200 jurisdictions.
Earlier this month, the crypto lender acquired its first approval as a licensed entity in Dubai from the regional Digital Asset Regulatory Authority (VARA).
