Nexo has launched a digital asset brokerage unit to cater to the growing demand for digital assets by institutional, corporate, and high-net-worth investors.
Dubbed Nexo Prime, the proprietary prime brokerage platform will focus on catering to institutional, corporate, and high-net-worth investors. It aims to provide them with all the tools necessary to trade, borrow, lend, and securely store their digital assets in a single product., Kalin Metodiev, CFA, Nexo Co-Founder and Managing Partner, revealed that institutional and corporate demand for digital assets has never been greater.
The new unit seeks to execute large orders seamlessly, with competitive trading fees. Clients will have direct access to the crypto lending platform’s 24/7 OTC desk for high-touch executions of spot and derivatives instruments in addition to other financial needs with respect to trading, borrowing, custody, and lending. Nexo’s Smart Routing System will facilitate cost-effective execution.
Apart from trading, Nexo Prime will also focus on providing custody solutions and has collaborated with industry players like BitGo, Fireblocks, Ledger Vault, and Fidelity Digital Assets. Additionally, it has also scored custodial insurance worth $375 million via Lloyd’s of London and Marsh & Arch. Meanwhile, Nexo Prime’s crypto lending platform is designed to offer clients liquidity on demand for both margin trading and an OTC loan.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK Unveils Comprehensive Plan to Become Global Crypto Hub With Dynamic Regulation – Regulation Bitcoin NewsThe UK government has unveiled a detailed plan to make the country “a hospitable place for crypto,” said the economic secretary. cryptocurrency bitcoin $BTC
Read more »
Hackers Hijacked Crypto Wallets With Stolen MailChimp DataAn unknown threat actor has targeted the email marketing company in a sophisticated scheme to phish physical cryptocurrency wallets.
Read more »
Hackers breached Mailchimp to target crypto holders | EngadgetTrezor hardware wallet users were the target of a phishing campaign..
Read more »
New legislation calls for US State Department reporting on crypto in Russia and UkraineNew legislation pushes the US Department of State to do more reporting on crypto — including on its own anti-ransomware whistleblower program.
Read more »
First Mover Asia: Crypto Offering New Opportunities for Inflation-Worried Indonesian Investors; Bitcoin Is FlatThere are more crypto investors in Indonesia than retail stock traders. But new research published from the crypto exchange Gemini helps quantify just how deep their interest is; BTC, ETH are flat in Monday trading. thesamreynolds and JPRubin23 report
Read more »
How to Responsibly Invest in Crypto & NFTs for Your Long-term Future | HackerNoonThere are reliable and safe ways to make long-term and sustainable profits in the new era of cryptocurrencies and NFTs; get familiar with them!
Read more »