Crypto exchange Nexo to launch brokerage for big investors

Europe-based integer plus speech Nexo has launched a caller merchandise to complement its existing retail platform. Dubbed Nexo Prime, the caller proprietary premier brokerage level targets organization investors, corporations, and high-net-worth individuals.

According to Nexo, the Nexo Prime level is designed to service arsenic a unified level that provides investors with entree to precocious tools for trading, borrowing, lending, and storing integer assets specified arsenic bitcoin (BTC) and ether (ETH). In addition, the level volition connection round-the-clock work to each of its clients crossed the globe, including high-touch executions of spot- and derivatives instruments.

Kalin Metodiev, Nexo’s co-founder and managing partner, said:

“Institutional and firm request for integer assets has ne'er been greater, and the marketplace for premier services could beryllium 10x implicit the adjacent year. Clients entering the abstraction request a sophisticated, all-in-one, institutional-grade platform, and that’s precisely what we supply them with Nexo Prime.” 

Deep liquidity for implicit 300 trading pairs

Nexo Prime’s proprietary alleged “Smart Routing System” is “set to present cost-effective execution of ample trades portion balancing diversified liquidity aggregated from starring exchanges, liquidity providers, and prime marketplace makers.”

Unlike Nexo’s (NEXO) halfway platform, which contiguous serves retail investors and tiny businesses, Nexo Prime’s infrastructure aims to empower organization investors with “seamless and reliable” execution of ample orders astatine competitory trading fees. The Nexo squad has specified that Nexo Prime offers bid publication extent and heavy liquidity aggregated from aggregate sources for much than 300 trading pairs.

Besides providing organization clients with entree to liquidity connected demand, Nexo Prime besides offers a crypto lending level for borderline trading oregon OTC (over-the-counter) loans.

According to Nexo, this complements the platform’s enactment for organization financing options for assorted assets, including cryptocurrencies, stablecoins, and fiat currencies. In addition, this organization recognition enactment offers flexible colony options, zero involvement rates, and nary liquidation risk.

$375 cardinal worthy of custodial insurance

In summation to the above, Nexo Prime volition administer OTC services, including entree to personalized services crossed Nexo’s OTC trading, borrowing, and lending desks. The level besides intends to connection precocious lending involvement rates done its “Earn Interest” feature, helping investors passively turn portfolios.

For enhanced security, Nexo Prime’s custody model leverages solutions similar BitGo, Fidelity Digital Assets, Ledger Vault, and Fireblocks to store each lawsuit assets successful “military-grade” Class III vaults. It has besides opted to screen assets nether a $375 cardinal worthy of custodial security from Lloyd’s of London and March & Arch.

Yasen Yankov, Nexo Prime’s Vice President of Development, said:

“We’ve cautiously built retired and incubated Nexo Prime implicit the past 18 months with a halfway lawsuit group, and we’re excited to unveil the level for the remainder of the satellite to see.”