Nexo Launches Simplified Futures Trading For Beginners

Twitter icon  •  Published 3 weeks ago  •  Hassan Maishera

Cryptocurrency exchange Nexo has launched its Simplified Futures trading service for traders new to crypto derivatives.

Nexo has announced the launch of simplified Futures trading on the Nexo Exchange. In a press release shared with Cryptowisser on Tuesday, November 14th, the exchange said the new service is designed expressly for crypto enthusiasts who are new to derivatives. 

Тhe new service aims to demystify the world of Futures, making it accessible and educational for users who have primarily engaged with the spot market till now.

Following the launch of this new service, Nexo is also providing a user-friendly interface and educational content to ensure a smooth onboarding experience. The cryptocurrency exchange said this latest development aligns with its mission to broaden financial literacy and inclusion in the cryptocurrency space.

The crypto exchange provides an easy-to-use version of this advanced feature, offering up to 50x leverage. All contracts are perpetual and settled in USDT, with a dedicated Futures Wallet, separate from the Savings and Credit Line Wallets. Through this distinct setup, Nexo seamlessly integrates the complex world of futures with its existing suite of financial services, making it a breeze for users to trade while also earning and borrowing.

Here is how Futures on the Nexo exchange works: 

  • Go Long or Short: users can predict an asset's price will rise or fall, there’s an opportunity. Traders can capitalize on the upward and downward trends of 70+ assets using only USDT is a tap away.

  • Up to 50x Leverage: Users can take advantage of their trading capacity using USDT as collateral with up to 50x leverage and amplify potential returns on even the smallest price movements.

  • Low Fees: Fees are comparable to the base fees of advanced exchanges, minus the complexity.

  • Hot Assets: Traders will have exposure to various assets, from the blue chips to the most trending ones. 

  • Educational initiatives: Nexo also integrated educational content including interactive stories and quizzes. Users are required to pass a quiz to unlock Futures trading. Once cleared, users can fund their Futures Wallet with USDT to begin trading. 

Futures contracts, forwards, options, and swaps have emerged as a substantial asset class globally. They help crypto enthusiasts to;

  • Maximizе Capital Efficiency: Futures enable traders toto open positions with a reduced requirement for upfront capital. This ensures traders can extend their investment capabilities while managing their risk exposure effectively.

  • Achieve Versatile Hedging Strategies: Nexo’s app provides a seamless transition between futures and spot trading within the advanced Nexo Exchange interface. This integration allows traders to adeptly hedge against spot price fluctuations in any direction. 

According to Nexo, their simplified Futures is the first step towards providing more features within the app. The crypto exchange focuses on enhancing its platform to empower the numerous potential future adopters of cryptocurrency.


Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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