Nexo Prime completes integration with oneZero ecosystem

Crypto lender Nexo said that its proprietary prime brokerage platform, which is specifically designed to cater for the needs of institutional clients, has integrated with oneZero Financial Systems.

The partnership will enable oneZero’s clients to gain access to Nexo Prime’s liquidity in spot, margin, and futures markets. It also opens up the business to financial brokers and digital asset exchanges on the oneZero network.

This alliance also enables Nexo Prime’s institutional clients to deliver pricing and trading over MetaTrader 4 and 5 servers alongside cross-connections to other bridges globally.

“At the core of our partnership with oneZero is Nexo Prime’s commitment to continually refine our offering and enable institutional clients, financial brokers, and digital asset exchanges on the oneZero network to better control trading on their venue. The integration enables parties to analyze liquidity provider performance and client trading behavior on one side while boasting minimum latency and high throughput at the same time,” the joint statement reads.

Nexo Prime has already beta-tested its offering, which simplifies complex tasks like digital assets custody, margin and OTC trading across multiple venues through a single account, with select market participants.

Nexo Prime’s custody framework combines industry-leading solutions from BitGo, Fireblocks, Ledger Vault, and Fidelity Digital Assets. The brand has obtained its insurance coverage from the prestigious Lloyd’s of London, one of the oldest insurance agencies in the world, with centuries of experience in this industry. The contract allows its users to cover up to $375 million worth of their digital assets held in their accounts.

Aiming to provide infrastructure covering onboarding, execution, settlement, reporting and custodianship, Nexo’s service encompasses many relevant features that covers requirements for analogous businesses in traditional investment sectors. This includes multi-exchange direct market access, custody, trading directly through API calls, leveraged trade execution, OTC block trading, risk management , smart order routing, integration of third party solutions and round-the-clock support.

Nexo Prime’s offering is aimed at investment managers and hedge funds, including cryptocurrency funds, private banks, family offices and wealth managers. The firm opens business accounts with as many exchanges as possible across the entire world, while presenting a unified interface to its clients. This allows institutional traders to make large orders without depressing the price on one specific venue.

Just a few months ago, oneZero announced a series of fresh updates to its Liquidity Hub, which presented new features geared toward improving the capabilities offered by the platform to institutional and B2B clients.

oneZero has already been highly active with multiple initiatives and several developments that have dominated headlines over the past few months. Recently, it introduced a new analytics tool that provides a glimpse into the use of one of FX market’s most ‎common, and potentially abusive, practices.