In a significant move to empower traders with enhanced decision-making capabilities, Nexo, the leading institution for digital assets, has announced the integration of The Tie’s advanced real-time analytics. This partnership marks a new era in democratizing access to data, which was traditionally exclusive to institutional investors, by making these tools available to all users on Nexo’s platform.
The Tie, recognized as a premier provider of information services for digital assets, will now offer its institutional-grade analytics directly to retail clients through Nexo. Users can access a broad spectrum of indicators in Nexo’s Markets section, including X (formerly Twitter) statistics, on-chain activity, gas fees, ownership distribution, and comprehensive asset descriptions. This integration aims to provide traders with the necessary tools to make better-informed decisions, mitigate risks, and diversify their trading strategies.
This collaboration comes in response to the significant demand observed in the digital assets market. In Q1 2024 alone, the spot trading volume on centralized exchanges reached $4.29 trillion, underscoring the need for robust data analytics to support market participants. Nexo’s partnership with The Tie ensures that traders have access to the full spectrum of data needed to navigate the dynamic market landscape effectively.
Elitsa Taskova, Chief Product Officer of Nexo, emphasized the importance of information in market analysis. “Learning to analyze and ‘hear’ the market takes time, but it also takes information. Together with The Tie, we are acting on our commitment to ensure all users have fast access to market sentiment and movements, enhancing their experience, strategies, knowledge, and engagement through valuable data-driven insights,” she said.
Joshua Frank, Co-Founder and CEO of The Tie, expressed excitement about the partnership. “We are thrilled to announce our latest partnership with Nexo that introduces real-time analytics tools on their 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 in order to build an enhanced, robust, and unique trading experience for individual investors,” he stated.
This integration is also a testament to the long-term effects of corporate investments, highlighting Nexo Ventures’ philosophy of building strategic partnerships. The Tie has been a part of Nexo Ventures’ portfolio since March 2022, and this collaboration underscores the added value such partnerships bring directly to clients.
Moreover, with this comprehensive suite of analytical tools, Nexo is enriching its already robust Loyalty program. The firm continues to innovate and enhance its overall trading experience, ensuring that users can leverage valuable insights for more informed trading decisions.