Nexo Introduces Trading Platform Offers Spot, Futures and Margin Trading
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Nexo's Trading Platform
According to a statement from the company, the London-based cryptocurrency platform seeks to give retail customers access to aggregated liquidity of institutional quality without requiring any minimum funding. According to the announcement, the product will be made available to 5 million Nexo customers at up to 50% savings on usual prices.
One of the few businesses bucking the trend of declining investment in the global cryptocurrency market is Nexo. According to its creator Antoni Trenchev, it is not just employing personnel but is also in talks to acquire ailing cryptocurrency exchange Vauld.
Nexo's co-founder and executive chairman, Kosta Kantchev, remains confident, describing Nexo Pro as "a gateway to professional-like trading for retail customers" in the statement.
"We are the first platform to offer institutional-grade liquidity aggregation with this many venues as pure-play exchanges usually prefer to settle exclusively within their order books,"
Nexo To Launch More Token Utilities
According to the announcement, Nexo will roll out more token utilities in the upcoming weeks, enabling holders of NEXO tokens to pay for services with $NEXO and lower trading costs. In collaboration with Mastercard and DiPocket, Nexo introduced the Nexo Card earlier this year, a credit card backed by cryptocurrency. Additionally, the company launched Nexo Prime, an institutional-grade trading and custody platform, and invested in over 50 early-stage Web 3.0 businesses through Nexo Ventures.