Nexo Pro Review—Institutional-Grade Liquidity and Features for Every Crypto Trader

Nexo Pro crypto exchange review

Nexo Pro is a cryptocurrency exchange platform launched by Nexo, a company that has established itself as one of the leaders in the cryptocurrency lending sector. While users can swap between different cryptocurrencies on the standard Nexo platform, Nexo Pro caters to traders that require more advanced functionality.

Before we take a closer look at the most important aspects of Nexo Pro, let’s quickly go through the platform’s main advantages and disadvantages.

The pros of trading on Nexo Pro:

• Competitive fees
• Supports spot, margin and futures trading
• Aggregates liquidity from leading exchanges and market makers
• Provides retail traders with tools used by institutional traders
• Integrated with the main Nexo platform 

The cons of trading on Nexo Pro:

• The selection of supported coins is not as big as what’s offered by some other exchanges

Supported cryptocurrencies

The Nexo Pro platform supports a wide range of cryptocurrencies, as it offers more than 400 trading pairs. Here’s just a small selection of the coins you can trade on Nexo Pro:

• Bitcoin
• Ethereum
• Solana
• BNB
• Cardano
• XRP
• Avalanche
• Polkadot
• Cosmos
• Litecoin

The platform’s selection of cryptocurrencies should suffice for most traders, although Nexo Pro might not be the best choice if you’re looking to trade low-market cap altcoins.

Spot trading and user interface

The Nexo Pro platform provides a clean user interface that will quickly become familiar to anyone who already has experience with cryptocurrency exchanges. 

On the left side, there is a TradingView-powered price chart, which supports a plethora of technical indicators and drawing tools. This makes it simple to sketch out trading ideas or even create a fully-fledged trading strategy. 

Meanwhile, the right side of the screen hosts the exchange’s order book and order section. If you have any open orders, you’ll see them on the bottom part of the interface. Here’s the different order types you can use while trading on Nexo Pro’s spot markets:

• Market order
• Limit order
• Stop loss
• Take profit
• TWAP (Time Weighted Average Price)

The TWAP order type is especially interesting, as it’s not offered by many cryptocurrency exchanges. TWAP is an algorithmic order type that executes a trade over a set period of time. The “Split” parameter allows you to select the number of trades you want to be executed, and the “Execution Interval” allows you to set the amount of time to pass between each trade.

Strong liquidity

One of the main ways in which Nexo Pro aims to be competitive is by giving retail traders access to the liquidity and trading functionality that’s usually reserved for institutional prices. This translates to more favorable rates and basically no price slippage.

The Nexo Pro platform has its own order book, but also aggregates liquidity from other cryptocurrency exchanges and market makers. In total, the platform aggregates liquidity from around 3,000 order books, giving traders easy access to the best prices currently available on the market.

Futures trading

Nexo Pro also offers futures trading, which is quickly becoming a must-have feature for any competitive cryptocurrency exchange. Nexo Pro’s futures are perpetual contracts settled in USDT, which provides a very intuitive trading experience. Perpetual contracts are a very popular type of trading instrument in the cryptocurrency market. They function similarly to standard futures contracts, but don’t have an expiration date. However, perpetual contracts have a funding rate which traders must pay while holding their position. 

Perpetual contracts can provide a lot of utility for traders—they can be utilized for hedging, directional bets or leveraged trading. With the cryptocurrency markets becoming increasingly complex, the ability to go long or short on a cryptocurrency without having to own it is a very valuable tool in any trader’s arsenal. 

Fee schedule

Nexo Pro has a tiered fee structure that offers more favorable rates to active traders. The base spot trading fee for traders with up to $10,000 in monthly trading volume is 0.10% for both makers and takers. If you trade between $10,000 and $50,000 a month, the fees drop down to 0.09%. 

Here’s a quick breakdown of Nexo Pro’s spot trading fees at the time of writing:

30-day trading volume	Taker fee	Maker fee
Up to $10K	0.10%	0.10%
$10K – $50K	0.09%	0.09%
$50K – $100K	0.08%	0.07%
$100K – $1M	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%
Above $500M	0.02%	0.00%

Please note that the fees could change after the publication of this review. If you want the most up-to-date information about Nexo Pro’s fees, you should visit the platform’s official fee schedule.  

Trading on the Nexo Pro platform is considerably cheaper than using Coinbase, Gemini or Kraken. However, there are some platforms that provide even lower fees. For example, Binance’s base fee tier is the same as on Nexo Pro (0.10% for both makers and takers), but traders can reduce the fee down to 0.075% when paying fees with the BNB token. 

Still, Nexo Pro’s fee schedule is highly competitive within the crypto exchange industry and the platform’s fees shouldn’t present a problem for the vast majority of users. 

Moving forward, the exchange plans to integrate additional benefits for NEXO token holders. For example, users will be able to reduce their trading fees when paying with NEXO. 

Margin trading

Users that want to access leverage can activate margin trading functionality on their Nexo Pro accounts. The platform supports up to 5x leverage, although the amount of leverage offered depends on the notional value of the specific position. 

Margin trading on Nexo Pro is offered using cross margin. This means that all of the assets users hold in their Nexo Pro portfolio are used as collateral for the assets loaned for the purposes of margin trading. This means that assets other than the coins you’re trading could be used as collateral to avoid liquidation.

At the time of writing, the platform does not support isolated margin.

Is Nexo Pro a safe exchange?

One of the best aspects of Nexo Pro is that it offers the same high level of security that’s enjoyed by users of the main Nexo platform. Nexo has a total of $775 million in insurance policies provided by BitGo, Ledger and Bakkt. 

In addition, the company only lends funds on an overcollateralized basis to ensure the platform is sustainable. This is especially important in the context of recent events in the cryptocurrency industry, which saw players like Celsius and Voyager go bankrupt in large part because of offering undercollateralized or uncollateralized loans.

Nexo also provides real-time attestations of its balances in partnership with Armanino LLP. The purpose of this is for Nexo to show that it holds sufficient balances to meet all customer liabilities.

Nexo users can help protect their accounts through 2-factor authentication and biometric identification to drastically reduce the chances of unauthorized access. 

The bottom line

Nexo Pro offer is an attractive platform that makes professional-grade cryptocurrency trading with strong liquidity accessible to everyone. 

If you’re already a Nexo user and enjoy their services, trying out Nexo Pro is a no-brainer. If you don’t already have a Nexo account, Nexo Pro is still definitely worth considering if you’re looking for a new cryptocurrency exchange, as the team appears to have gone the extra mile to deliver a no-nonsense, high-quality crypto trading platform.

Security is of the utmost importance when choosing a centralized cryptocurrency trading platform—after all, you are entrusting someone else to take care of your crypto. Nexo’s strong track record on security, combined with $775 million insurance and real-time attestations of the company’s reserves, should go a long way towards providing peace of mind and confidence that you crypto will be available whenever you need it.