As one of the pioneers of the future digital financial system, where all assets on chain are tokenized and people have efficient ways to transfer or manage their funds, Nexo has launched a range of seamless and secure products.
One of the newly launched products is an all-in-one platform called the Nexo Pro. It is a crypto trading platform for traders who want to go beyond the Nexo exchange’s swap functionality.
Nexo Pro consists of the 3,000+ order books from the Nexo Exchange, many leading companies such as Binance, Huobi and FTX, third party providers and selected market makers.
Nexo Pro allows its users to place advanced orders, execute automated strategies, trade on margin and open futures contracts. The platform automatically finds the best order execution and processes it instantly with minimal slippage.
The platform aggregates liquidity from 10+ providers including leading exchanges to offer the best possible price on all trades.
Read on for our full review…
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What Nexo Pro features
Nexo, one of the leading digital lending institutions, leverages Nexo’s years of experience in the FinTech space together with the power of the groundbreaking blockchain technology and brings professional financial services to digital assets in Nexo Pro.
Here are some of the features the platform offers:
Advanced Orders
Nexo Pro offers many new tools for institutional level trading. This feature allows you to place market, limit, stop loss and take profit orders for over 400 crypto pairs.
As mentioned, Nexo Pro collects liquidity from crypto exchanges such as Binance, Coinbase Exchange, Kraken and FTX, as well as from leading market makers and third party providers.
This also means that the crypto trading platform collects and adds buy and sell orders from over 3000 order books. This gives you the opportunity to buy and sell assets from over 400 aggregated liquidity pools at the best possible price on the market.
Users can deposit and withdraw their credit in Nexo Pro as often as they like, free of charge. In simple terms, you can place a limit order at your target price, wait for it to fill, and then move the money to your savings wallet, where you earn interest.
margin trading
Users can execute short and long margin trades with up to 5x leverage with just a single button. The crypto in their portfolio is used as collateral to receive funds, plus they can withdraw at any time.
The amount of leverage available depends on the notional value of your position. Smaller positions can use higher leverage, with a maximum of 5x.
The Nexo Pro dashboard gives you an overview of where you can check your outstanding loan, margin amount and margin call threshold. You’ll get automatic reminders prompting you to add more collateral when the threshold is reached.
strategy trading
With Nexo Pro, you can set up out-of-the-box strategies like TWAP to automate your winning probability. This feature allows you to fill orders at a price close to the time-weighted average price within a timeframe of your choice.
Not only that, you also have access to spot and futures markets from the same platform which allows you to enter other trades.
eternal future
Futures contracts on Nexo Pro are settled in USDT with up to 2x leverage. Not only can you use futures to gain exposure to assets without buying them, but you can also trade perpetual contracts, even on assets that aren’t found on spot or the regular Nexo exchange, such as: B. GMT, ALGO, WAVES or XTZ.
trading fees
A user’s fee tier is based on total USD trading volume over a past 30-day period, and total volume does not include trading stable pairs. The higher it gets, the lower the user fees will be.
Additionally, Nexo Pro uses a maker-taker fee model to determine its trading fees. This means that orders that provide liquidity (maker orders) are offset differently than orders that take liquidity (taker orders).
Fees are not calculated based on what tier you would be in after completing a trade, but are based on the current price tiers you are in when the order is placed.
When a user places an order at the market price, which is executed immediately, they are considered a buyer and must pay a fee ranging from 0.02% to 0.10%.
Even if a user has placed an order that does not immediately match an existing order, that order will be added to the order book. If another customer places an order that matches theirs, that user is considered a manufacturer and pays a fee of between 0.00% and 0.10%.
Currently, to celebrate the launch of Nexo Pro, Nexo Pro fee rates are 50% lower through the end of November 2022.
Spot Trading Fees
| price-level | customer | Manufacturer |
|---|---|---|
| Up to $10,000 | 0.10% | 0.10% |
| $10,000 – $50,000 | 0.09% | 0.09% |
| $50,000 – $100,000 | 0.08% | 0.07% |
| $100,000 – $1 million | 0.07% | 0.05% |
| $1M – $10M | 0.06% | 0.03% |
| $10M – $100M | 0.05% | 0.01% |
| $100M – $200M | 0.04% | 0.00% |
| $200M – $500M | 0.03% | 0.00% |
| $500M+ | 0.02% | 0.00% |
Futures Trading Fees
| price-level | customer | Manufacturer |
|---|---|---|
| Up to $150,000 | 0.0300% | SOON |
| $150,000 – $250,000 | 0.0275% | SOON |
| $250,000 – $500,000 | 0.0250% | SOON |
| $500,000 – $5M | 0.0225% | SOON |
| $5M – $50M | 0.0200% | SOON |
| $50M – $500M | 0.0187% | SOON |
| $500M – $1B | 0.0175% | SOON |
| $1B – $2.5B | 0.0162% | SOON |
| $2.5B+ | 0.0150% | SOON |
How do I get started with Nexo Pro?
First of all, since Nexo Pro is available on the Nexo web platform, you must be a Nexo user. Use your existing account and transfer funds from your savings account by clicking “Deposit” to transfer crypto from your Nexo Account to Nexo Pro.
To fund your wallet, use your credit or debit card to buy crypto. You can also make a EUR, GBP or USD transfer from your bank account.
Then you can trade crypto on Nexo Pro and swap funds in and out of Nexo Pro as often as you like with no fees.
Nexo Pro infrastructure
As part of a trusted lending institution in the digital finance industry, Nexo, Nexo Pro is backed by the world-class infrastructure. As such, all assets under custody are insured for $750 million through custodial partners including BitGo, Ledger Vault, and Bakkt, among others.
In addition, the platform also offers full transparency, working with Armanino LLP to provide real-time certification of the company’s custody accounts, which you can review at any time.
The Nexo platform is also equipped with an industry-leading security infrastructure to ensure maximum protection of users’ assets at all times.
As mentioned, you get an affordable price from all 10+ liquidity providers as the order books are made up of all the aggregated liquidity from leading exchanges, market makers and third party providers.
Nexo Pro also allows you to perform instant execution without a price slide.
Conclusion
On the journey to creating the financial services of tomorrow, Nexo leverages efficiency, transparency and inclusivity to be seamless, secure and immediately available.
In order to offer users a full suite for everything crypto, Nexo develops functions that allow institutional traders to work on the same platform where they earn, borrow and spend their digital assets.
Nexo Pro will also be integrated with other tools and platforms in the future.
The crypto trading platform works with other Nexo products, including the Earn Crypto Interest suite, Instant Crypto Credit Lines and Nexo Card, to simplify the shift from earning, borrowing and spending to trading for free.
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