According to Nexo’s Co-Founder, Kosta Kantchev, “Nexo Pro is a gateway to professional-like trading for retail customers. 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 own order books.”
Nexo released its all-in-one crypto trading platform, Nexo Pro, to provide spot, margin, and futures trading services to its users.
The announcement came a week after the crypto lending firm committed $50M to its repurchase program to increase the NEXO token’s overall value by reducing its supply.
Nexo Pro features limit, futures, and margin trading as its core features and sources liquidity from over 3K order books, including Nexo’s own exchange. Nexo’s advanced crypto trading platform is aimed at providing premium trading services such as TWAP integration, perpetual futures contracts, and limit orders for close to zero slippage.
A tool previously only available for institutional clients, Nexo has rolled out its Nexo Pro to over 5M existing Nexo owners as a web application accessible via desktop, with plans to release a private beta version of its mobile app in a few weeks.
Nexo Pro offers a 50% fee discount for all its users until November 30, with the amount of fee waived directly corresponding to users’ monthly traded volume. Furthermore, Nexo users can instantly move their funds to and from Nexo Pro free of charge.
In the coming weeks, Nexo plans to add additional NEXO token utilities, such as reduced fees by paying in $NEXO, on top of integrating more automated strategies, higher leverage, and more limit order types into Nexo Pro.
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