Nexo, a crypto exchange based in Europe, has launched a new product to enhance its existing retail platform. Nexo Prime, the company’s exclusive prime brokerage platform, is intended for institutional investors, companies, and high-net-worth individuals.
The Nexo Prime platform is designed to act as a single platform that gives investors access to advanced tools for trading, financing, lending, and securing digital assets such as bitcoin (BTC) and ether (ETH). Additionally, the platform will provide round-the-clock support to all of its global customers, including execution of derivatives contracts.
Nexo Prime’s “Smart Routing System” is “designed to enable cost-effective execution of big transactions while balancing diversified liquidity collected from top exchanges, liquidity providers, and select market makers.”
Nexo Prime will provide order book depth over 300 trading pairs
In addition to Nexo’s (NEXO) basic platform, which currently serves individual investors and small companies, Nexo Prime’s infrastructure promises to provide institutional investors with “seamless and dependable” execution of large orders at competitive trading costs. Nexo Prime will provide order book depth and deep liquidity information/data from several sources for over 300 trading pairs.
Nexo claims that the new platform will provide support for institutional financing options for a variety of assets such as cryptocurrencies, stablecoins, and fiat currencies. In addition, this institutional credit line has multiple payment options, no interest rates, and no risk of liquidation.
