New NEXUS Crypto Liquidity Aggregator Launches by Takeprofit and Broctagon Prime
NEXUS will have the goal of alleviating concerns by brokerages and make it possible for them to offer crypto in the same way as other assets. Broctagon Prime, which is part of the Broctagon Fintech Group, will work with Takeprofit Technology to create a crypto liquidity aggregator. This aggregator will be called the Broctagon Network of Exchanges for Universal Settlement or NEXUS.
Why It Matters
With the crowded pipeline of investors and the growing appetite by asset managers, there is a major need to create B2B solutions and liquidity pools for crypto trading. One of the major obstacles for the CFD brokers in entering the crypto world is getting a reliable source for price feeds. The problem can be quite difficult since the various exchanges offer major discrepancies in their real-time price feeds.
The NEXUS Solution
NEXUS wants to solve the problems and concerns that brokerages have. As a result, they will be able to function with ease, much in the same way as traditional assets. Since the digital assets cannot escape the issue of liquidity, NEXUS was created to connect over 20 exchanges. This includes Bitfinex and Binance to offer global liquidity.
Best of all, NEXUS will likely be the only liquidity provider in crypto that extends 1:10 leverage to the crypto trading assets. For brokers that want to expand their portfolio, NEXUS will offer over 100 crypto CFD pairings. Others assets that this collaborative effort will offer liquidity to, are a wide array of over 1000 integrated instruments such as commodities, forex, and metal CFDs.
The tool will allow users to access pricing for major exchanges by only offering a single margin account that has no integration fee or minimums. The partnership will market an important step to make liquidity for cryptocurrency CFD much easier to access, deeper, and more interconnected than it currently is.
About Takeprofit Technology
This is a tech company, which comes up with Metatrader 4 plugins, services, and apps for CFD and FX firms. It has created products such as the automated dealer, Liquidity Bridge, and a customized allocation system to serve the MAM (Multi-Account Manager) platforms.
A good example of a product they have launched is the Detox Risk Classifier. It analyzes the order flow; based on preset conditions, it will regroup traders into various hedging groups. It works for those who use the MetaTrader 4. It can move traders from a B-Book to A-Group and vice versa.
About Broctagon Prime
This firm based in Cyprus offers fintech solutions to brokerages; it helps them gain easy access to liquidity. It offers various other services that include tech solutions, risk management, reporting tools, content management, and customer report management.
At the beginning of 2017, the company launched a BTC offering in S.E. Asia and added the crypto coins to its range of products. It has various products besides the BTC offering that includes precious metals, commodities, FX pairs, and multi-asset derivatives.