Cryptocurrency lender Nexo has built-in The Tie into its real-time analytics platform to assist retail traders enhance their buying and selling methods with βinstitutional-levelβ buying and selling analytics.
The newly built-in analytics software supplies traders with a variety of indicators together with real-time Twitter stats, chain exercise, fuel charges, possession distribution and detailed asset descriptions. The cryptographic data companies supplier stated that this knowledge, historically solely obtainable to establishments, is now accessible to all Nexo customers.
TIE's core product is the SigDev Terminal, which gives market, firm and information knowledge on a single platform. Firm intelligence knowledge is at present essentially the most used operate on the terminal.
Within the first quarter of 2024, the quantity of spot trades on centralized exchanges reached $4.29 trillion, underscoring the large demand from market individuals.
“Studying to investigate and perceive the market takes time in addition to data. By partnering with The Tie, we’re dedicated to offering all customers with fast entry to market sentiment and actions and bettering their expertise and engagement via helpful data-driven insights,” stated Elitsa Taskova, the corporate's chief product officer Nexo.
Joshua Frank, co-founder and CEO of The Tie, added: “We’re excited to introduce real-time analytics instruments to the Nexo platform. Nexo customers will now have entry to the identical cutting-edge metrics we offer to greater than 100 institutional shoppers on The Tie Terminal We respect Nexo's imaginative and prescient to combine The Tie's in depth instruments to construct a strong and distinctive buying and selling expertise for particular person traders.
Tie has been a part of the Nexo Ventures portfolio since March 2022. The sector has attracted respectable funding in current months as traders attempt to make sense of the flood of data associated to cryptocurrencies. Tie's shoppers embrace conventional and crypto-native hedge funds, OTC counters, market makers, buying and selling venues, banks, sell-side corporations and different institutional market individuals.
Nexo launched its funding arm Nexo Ventures in 2022, which now contains greater than 60 portfolio corporations. Since its inception, the corporate has processed greater than $130 billion for greater than 7 million customers in 200 jurisdictions.
Earlier this month, the crypto lender obtained its first approval as a licensed entity in Dubai from the Regional Digital Asset Regulatory Authority (VARA).
