Nexo (NEXO), a leading institution for digital assets, has announced the integration of The Tie’s advanced real-time analytics, as per the info shared with Finbold on May 28.
The new tool democratizes access to data that was traditionally reserved for institutions, giving traders an unprecedented edge by enabling them to make better-informed decisions, mitigate risks, and diversify their investment strategies.
Institutional-grade analytics on Nexo
In Q1 2024, spot trading volume on centralized exchanges (CEXs) reached $4.29 trillion, reflecting significant demand from users.
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This spurred Nexo to collaborate with The Tie, providing market participants with comprehensive data to enhance their trading capabilities.
The Tie, a top provider of information services for digital assets, is bringing its institutional-grade analytics tools to retail clients on the Nexo platform.
Depending on the asset, users can access a range of indicators directly in Nexo’s Markets section, including X (formerly Twitter) statistics, on-chain activity, gas fees, ownership distribution, and detailed asset descriptions.
Democratizing access to industry-leading market metrics
Elitsa Taskova, CPO of Nexo, emphasized the importance of democratized market access, stating:
“Learning to analyze and “hear” the market takes time, but it also takes information. Together with the Tie, we are acting on our commitment to ensure all users have fast access to market sentiment and movements, enhancing their experience, strategies, knowledge, and engagement through valuable data-driven insights.”
Joshua Frank, Co-Founder and CEO of The Tie, added:
“We are thrilled to announce our latest partnership with Nexo that introduces real-time analytics tools on their platform. Nexo users will now have access to the same industry-leading metrics that we provide to over one hundred institutional clients on The Tie Terminal. We commend Nexo’s vision to integrate The Tie’s extensive tools in order to build an enhanced, robust, and unique trading experience for individual investors.”
Since March 2022, The Tie has been one of Nexo Ventures’ 60+ portfolio companies.
The new integration thus highlights the long-term benefits of corporate investments and underscores Nexo Ventures’ philosophy of building strategic partnerships with the companies in its portfolio
With this comprehensive suite of analytical tools, Nexo is enriching its well-established Loyalty program and continuing to innovate and enhance its overall trading experience.
