About Nexo (NEXO)
Nexo emerged in 2018, initially focusing on over-collateralized lending. It has since expanded its offerings, evolving into a comprehensive platform for managing digital assets. Nexo aims to enhance the value and utility of cryptocurrencies through a diverse range of services, including sophisticated trading platforms for both retail and institutional investors, liquidity aggregation from top sources, and tax-optimized, asset-backed credit lines.
Nexo's Instant Crypto Credit Lines enable users to easily access loans in over 40 fiat currencies or stablecoins by using their digital assets as collateral. This process is fully automated, allowing for immediate loan procurement. Additionally, Nexo offers an Earn Interest product that provides daily compounded interest, along with a zero-fee structure for deposits, withdrawals, and top-ups. The platform also features a "Swap while You Earn" service, letting users trade cryptocurrencies that are accruing interest for assets with potentially higher returns.
Distinctively, Nexo integrates a broad spectrum of crypto management tools, including the worldâs first crypto-backed credit card in partnership with Mastercard. This card permits clients to spend the fiat equivalent of their crypto holdings without the need to sell them. Nexo Pro, its trading platform, supports over 400 market pairs with advanced trading options and employs Smart Order Routing to ensure deep liquidity from leading exchanges.
The NEXO Token, an ERC-20 token built on Ethereum, serves as the proprietary currency of the platform, offering holders participation in Nexo's Loyalty Program tiers. Available for trade on public markets, this token provides several benefits such as preferred loan rates, rewards on transactions, complimentary withdrawals, and improved earnings on yield rates.
The live price of NEXO is updated and available in real time on Binance.