Cryptocurrency lender Nexo has integrated The Tie’s real-time analytics into its platform to facilitate retail investors refine their trading strategies with “institutional-grade” trading analytics.
The newly integrated analytics tool provides investors with a range of metrics, including real-time Twitter stats, network activity, gas rates, ownership breakdown and detailed asset descriptions. The cryptographic information services provider said this data, traditionally only available to institutions, is now available to all Nexo users.
TIE’s core product is the SigDev terminal, which offers market, company and news data on a single platform. Company News is currently the most widely used feature of the terminal.
In the first quarter of 2024, spot trading volume on centralized exchanges reached $4.29 trillion, highlighting the huge demand from market participants.
“Learning to analyze and understand the market takes both time and information. By partnering with The Tie, we strive to provide all users with quick access to market sentiment and movements, enhancing their experience and engagement with valuable data-driven insights,” said Elitsa Taskova, Chief Product Officer at Nexo.
Joshua Frank, co-founder and CEO of The Tie, added: “We are excited to bring real-time analytics to the Nexo platform. Nexo users will now have access to the same industry-leading indicators that we make available to over one hundred institutional clients at The Tie Terminal. We applaud Nexo’s vision to integrate The Tie’s extensive tools to build a strong and unique trading experience for individual investors.
Tie has been part of the Nexo Ventures portfolio since March 2022. The sector has raised decent funding in recent months as investors try to make sense of the deluge of cryptocurrency-related information. Tie’s clients include time-honored and crypto hedge funds, OTC desks, market makers, trading venues, banks, selling firms and other institutional market participants.
In 2022, Nexo launched its investment arm Nexo Ventures, which currently includes over 60 portfolio companies. Since its inception, the company has processed over $130 billion for over 7 million users in 200 jurisdictions.
Earlier this month, the cryptocurrency lender received preliminary approval as a licensed entity in Dubai from the regional Virtual Assets Regulatory Authority (VARA).
