The foremost regulated crypto exchange for cryptocurrencies, Nexo, has introduced a proprietary prime brokerage platform called Nexo Prime.
Nexo Prime offers digital asset spot and derivatives trading, custody, and financing services through its platform.
It is an institutional-grade platform that provides a full suite of services including spot and derivatives trading, custody, and financing.
The platform is designed to meet the needs of institutional, corporate, and high-net-worth investors.
The Crypto Exchange is one of the most advanced and secure in the industry with a deep liquidity pool that is constantly being replenished.
The Cryptocurrency Exchange offers a simple, fast, and convenient way to buy and sell digital assets.
The new brokerage unit will also offer custodial services for digital assets.
Users will be able to trade, loan, lend, and securely keep their digital assets all in one product thanks to Nexo Prime.
It will complement the existing Nexo retail platform.
According to Kalin Metodiev, Nexo’s co-founder:
“The demand for digital assets at institutional and corporate levels has never been higher, and the market for prime services may 10X in the next year.
Clients entering the space want a sophisticated, all-in-one institutional-grade platform, and that’s exactly what we deliver with Nexo Prime.”
Still, on the new platform, Yasen Yankov, the vice president of development of Nexo Prime has this to say:
“We’ve spent the last 18 months carefully developing and incubating Nexo Prime with a select client group, and we’re pleased to show it off to the rest of the world.
Today, we are presently a trusted ally to leading trading firms, buffer funds, family offices, and Over The Counter desks.
“We provide diversified liquidity pools with the excellent pricing in the market; efficient, reduced-latency execution; an industry-leading insurance solution in partnership with Fidelity Digital Assets, Fireblocks, BitGo, Ledger Vault; combined with $375 million in custodial protection via Lloyd’s of London and Marsh & Arch.”
Services to expect from Nexo Prime
Nexo Prime will provide three primary services: trading, custody, and lending.
Nexo Prime will provide the most sophisticated infrastructure to allow for smooth and efficient execution of huge orders at competitive trading costs.
Users may trade through API calls or utilize the simple trading user interface to do so.
Nexo Prime uses state-of-the-art technology to provide users with a simple and efficient way to trade huge orders at competitive costs.
Through its lending services, Nexo Prime will enable clients to borrow against their digital assets without having to sell them.
This service is especially useful for traders who want to stay in the game but don’t have the necessary liquidity at hand.
Under custody, The combination of Fidelity Digital Assets, BitGo, Ledger Vault, and Fireblocks provides superior security for cryptocurrencies.
All digital assets will be kept in top-of-the-line vaults that are rated “Military Grade III.”
Traders will also benefit from $375 million in custodial protection through Lloyd’s of London and March & Arch
Nexo Prime is the first crypto lending platform to combine both margin trading and over-the-counter loans.
Offering clients liquidity on demand for both of these activities.
The Crypto Exchange offers a simple, fast, and convenient way to buy and sell digital assets.