Users to gain enhanced data access as s analytics expands
Nexo made a significant announcement regarding its platform by integrating with The Tie to provide real-time analytics for its users. This integration allows Nexo users to access a range of indicators, including X (formerly Twitter) statistics, on-chain activity, gas fees, ownership distribution, and detailed asset descriptions. By doing so, Nexo aims to make data accessible to all and enhance the trading experience for its users. Elitsa Taskova, Nexo’s Chief Product Officer, stressed the importance of equipping users with tools to understand market dynamics, especially considering the $4.29 trillion trading volume on centralized exchanges in the first quarter of 2024. Taskova emphasized that this integration brings institutional-grade analytics to retail users, presenting data in a way that is easily understandable for all investors. She stated that user experience (UX) is Nexo’s strong point, and the integration ensures that analytics data is always available, clear, and clutter-free. Taskova also highlighted the need for timely and integrated data in the cryptocurrency market, as users often face delays in decision-making when relying on slower, traditional sentiment analysis methods. She stressed the importance of providing current data that seamlessly integrates into the trading environment, focusing on the fast-paced and social nature of web3 information. Joshua Frank, CEO of The Tie, expressed appreciation for Nexo’s vision and their integration of The Tie’s tools to create a customized trading experience for investors. This integration enhances Nexo’s services and strengthens its Loyalty program, demonstrating the company’s commitment to innovation and improvement. The collaboration between Nexo and The Tie stems from their partnership, which has been in Nexo Ventures’ portfolio since March 2022.
