Cryptocurrency lender Nexo has integrated The Tie's real-time analytics into its platform to help retail investors hone their trading strategies with “institutional grade” trading analytics.
The newly integrated analytics tool provides investors with a variety of indicators including real-time Twitter statistics, on-chain activity, gas fees, ownership distribution, and detailed asset descriptions. The crypto information services provider said that this data, traditionally available only to institutions, is now accessible to all Nexo users.
TIE's core product is the SigDev terminal, which offers market, company and news data all on a single platform. Company news data is currently the most used function on the terminal.
In the first quarter of 2024, spot trading volume on centralized exchanges reached $4.29 trillion, highlighting massive demand from market participants.
“Learning to analyze and understand the market takes time and information. By partnering with The Tie, we are committed to providing all users with quick access to market sentiment and movements, enhancing their experience and engagement through valuable insights based in data,” said Elitsa Taskova, product manager at Nexo.
Joshua Frank, Co-Founder and CEO of The Tie, added: “We are excited to introduce real-time analytics tools to the Nexo platform. Nexo users will now have access to the same industry-leading metrics that we provide to over a hundred institutional clients at The Tie Terminal. We commend Nexo's vision of integrating The Tie's extensive tools to create a robust and unique trading experience for individual investors.”
The Tie has been part of the Nexo Ventures portfolio since March 2022. The sector has attracted decent funding in recent months as investors try to make sense of the avalanche of information related to cryptocurrencies. Tie's clients include traditional and crypto-native hedge funds, OTC bureaus, market makers, trading venues, banks, selling firms, and other institutional market participants.
Nexo launched its investment arm, Nexo Ventures, in 2022, which now includes more than 60 portfolio companies. Since its inception, the company has processed more than $130 billion for more than 7 million users in 200 jurisdictions.
Earlier this month, the cryptocurrency lender received initial approval as a licensed entity in Dubai from the region's Virtual Asset Regulatory Authority (VARA).
