Nexo has released its prime brokerage platform, which helps investors to handle their digital assets more efficiently. Nexo Prime will provide a range of services, including trading, product storage, and asset lending.
The company’s custodial architecture also enhances services from Fireblocks, BitGo, and others, according to the developers. Clients receive a real-time audit and immediate access to funds, all while being protected by custodial insurance.
Nexo Prime’s lending structure, on the other hand, provides clients with liquidity on-demand, whether it’s for speculative trading or an OTC loan.
On a single platform, clients will have access to diverse liquidity, an over-the-counter desk, and other financial services. Clients can also trade directly through Nexo’s trading interface or via API calls. All operations will be cost-effective thanks to the Smart Routing System.
Nexo has been accepted into the Crypto Market Integrity Coalition as a member (CMIC). This, according to Nexo, reinforces the company’s position as a blockchain industry leader.
Strike, a Chicago-based payment platform has partnered with Shopify (SHOP) to allow businesses to accept Bitcoin payments using the Bitcoin Lightning Network.
Shopify’s over two million global merchants may be able to accept Bitcoin transactions denominated in US dollars as a result of the move. The Lightning Network (LN) is a Bitcoin Layer-2 scaling solution that allows for cheaper and more efficient transactions.
Cathie Wood, the founder of Ark Invest, maintained her positive attitude on Bitcoin at this year’s conference in Florida, calling for the cryptocurrency to reach $1 million.
Bitcoin’s price is still fluctuating, according to the investor, who attributes this to the cryptocurrency’s newness on the market. This, she claims, is what has slowed the growth of institutional bitcoin acceptance.
Her Bitcoin forecast includes the belief that the cryptocurrency is a safe haven from the present global inflation surge.
The digital wallet component of Robinhood (HOOD) will be extended to a further 2 million customers. Customers on the backlog for the digital wallet, totaling 2 million people, can now transfer and receive cryptocurrency. The Bitcoin Lightning Network will be integrated onto the platform.
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