Nexo Crypto Exchange Launches Brokerage Services for Wealthy Investors

Nexo, a cryptocurrency exchange platform based in Europe, has announced the launch of a new product line. The exchange’s new product line will serve alongside the company’s retail division and allow digital asset access to large investors.

The new brokerage division dubbed Nexo Prime will target institutional investors, wealthy individuals and corporations.

Nexo launches Nexo Prime division

The Nexo Prime division will function as a single platform that will allow investors to access a wide range of tools to be used in trading, borrowing, lending and storing cryptocurrencies, including Bitcoin and Ethereum. a wide range of other crypto assets will also be supported in this new division.

Nexo Prime will also provide services 24/7 to its global clientele base. The services available will be spot and derivative cryptocurrency trading. The launch of these products targets to meet the growing need for crypto services among institutional investors.

“Institutional and corporate demand for digital assets has never been greater, and the market for prime services could be 10x over the next year. Clients entering the space demand a sophisticated, all-in-one, institutional-grade platform, and that’s exactly what we provide them with Nexo Prime,” said the co-founder and managing partner at Nexo, Kalin Metodiev.

Nexo Prime targets large trades

Nexo Prime will also come with a Smart Routing System feature. The feature will provide cost-effective execution of large trades. The platform will also offer deep liquidity by balancing the liquidity provided by leading cryptocurrency exchanges, liquidity providers and specific market makers.

There will be key differences between the retail Nexo platform and Nexo Prime. Nexo’s core platform targets retail investors and executes relatively small trades. On the other hand, the infrastructure provided by Nexo Prime targets institutional investors, and it gives them a seamless and reliable way they can execute large trades at low trading fees.

The announcement from the Nexo team says that the Nexo Prime will offer deep liquidity and order book length. The liquidity will be derived from the aggregation of over 300 trading pairs.

Besides allowing institutional investors to execute large trades on demand, Nexo Prime will also facilitate cryptocurrency lending. This option will be available for margin trading and over-the-counter (OTC) loans.

Nexo notes that facilitating OTC loans will complement the support it gives institutional investors. The financing options will be available for various assets, including fiat currencies, cryptocurrencies, and stablecoins. Moreover, the institutional credit line will provide a flexible settlement option, charge zero interest rates, and have zero liquidity risks.

The Nexo OTC desk will also provide personalized services. The services will be available to OTC trading, borrowing and lending services. The platform will also have an “Earn Interest” feature to facilitate high-interest rates in lending services. The feature will give investors a passive way of growing their portfolio.

The other key feature of Nexo Prime is security. The platform’s custody framework will integrate leverage solutions such as BitGo, Fidelity Digital Assets, Fireblocks and Ledger Vault. These platforms will store client assets using “military grade” Class III vaults.

The platform will also have an insurance cover for assets valued at less than $375 million worth of custodial insurance. This will be available from Lloyd’s of London and March & Arch. Nexo Prime has been a project under development for several months.

“We’ve carefully built out and incubated Nexo Prime over the past 18 months with a core client group, and we’re excited to unveil the platform for the rest of the world to see,” said the Vice President of Development Yasen Yankov.