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Cryptocurrency lender Nexo has integrated The Tie's real-time analytics into its platform to help retail investors in refining their trading strategies with “institutional-grade” trading analytics.
The newly integrated analytics tool provides investors with a range of indicators including real-time Twitter statistics, on-chain activity, gas fees, ownership distribution, and detailed asset descriptions. The crypto information services provider said this data, traditionally available only to institutions, is now accessible to all Nexo users.
The TIE's core product is the SigDev Terminal, which offers market, company, and news data all on a single platform. The firm's news data is currently the most widely used function on the terminal.
In the first quarter of 2024, spot trading volume on centralized exchanges reached $4.29 trillion, highlighting the massive demand from market participants.
"Learning to analyze and understand the market requires both time and information. By partnering with The Tie, we are committed to providing all users with fast access to market sentiment and movements, enhancing their experience and engagement through valuable data-driven insights," said Elitsa Taskova, Chief Product Officer of Nexo.
Joshua Frank, Co-Founder and CEO of The Tie, added: "We are thrilled to introduce real-time analytics tools on the Nexo 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 to build a robust and unique trading experience for individual investors."
The Tie has been a part of Nexo Ventures' portfolio since March 2022. The sector has attracted decent funding in recent months as investors attempt to make sense of the flood of crypto-related information. The Tie's clients include traditional and crypto-native hedge funds, OTC desks, market makers, trading venues, banks, sell-side firms, and other institutional market participants.
Nexo launched its investment arm, Nexo Ventures, in 2022, which now includes over 60 portfolio companies. Since its inception, the company has processed over $130 billion for more than 7 million users across 200 jurisdictions.
Earlier this month, the crypto lender received initial approval as a licensed entity in Dubai from the region’s Virtual Assets Regulatory Authority (VARA).
