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Nexo integrates The Tie analytics to expand data access for users
Nexo has announced an integration with The Tie to enhance its platform with real-time analytics for its users.
Integration allows this Link users access various indicators, including X (formerly Twitter) statistics, on-chain activity, gas tariffs, ownership distribution, and detailed resource descriptions. The action is in line with Nexo’s goal of making data accessible to all and improving the trading experience for users.
Elitsa Taskova, Chief Product Officer at Nexo, highlighted the importance of providing users with tools to understand market dynamics, given the trading volume of $4.29 trillion on centralized exchanges in the first quarter of 2024.
“This integration brings institutional-grade analytics to retail users and, in doing so, makes it critical to present data in a way that is understandable for all investors. User experience (UX) is our strength: Nexo integration ensures that analytics are always at your fingertips, clear and clutter-free. It is not only accessible but also understandable and usable,” Taskova told crypto.news.
Taskova also highlighted the need for timely and integrated data within the cryptocurrency markethighlighting that users often face delays in decision making due to reliance on traditional, slower sentiment analysis methods.
He highlighted the importance of providing current data seamlessly integrated into the business environment, focusing on the rapid and social nature of web3 information.
Joshua Frank, CEO of The Tie, commented: “We appreciate Nexo’s vision to incorporate The Ties tools to create a bespoke trading experience for investors,” said Frank.
The integration enhances Nexos’ services and enhances its loyalty program as part of the company’s commitment to innovation and improvement. The collaboration arises from the partnership between Nexo and The Tie, present in the Nexo Ventures portfolio since March 2022.