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Nexo’s primary protocol functionality is an online platform that enables users to create instant cryptocurrency-backed loans by depositing various major cryptoassets into a Nexo account. The system automatically adjusts the credit limit based on the fluctuating value of the deposited cryptoassets.
The Nexo Exchange is Nexo’s swap functionality, which allows for immediate exchanges between more than 100 crypto and fiat pairs directly within the Nexo platform. The feature is a one-stop shop for the NEXO Token, enabling users to buy, sell, store, borrow against, and earn in our native token.
What Is Nexo (NEXO)? Nexo is a blockchain-based lending platform that offers users instant cryptocurrency-backed loans.Users deposit an accepted token — such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC) or XRP (XRP) — as collateral to receive a loan in the form of a fiat currency or stablecoin.. Nexo has a native token, NEXO, that when locked in the platform grants users benefits such as ...
Nexo was created by Credissimo, a leading FinTech group that has been serving millions of users from all over Europe for more than a decade.That company has given out loans worth of $120 million since its foundation while amassing $155 million in cash. The company is regarded as a market leader in the online consumer lending industry in numerous European countries.
Nexo is a licensed and regulated digital currency provider that complies with local regulations across 200+ jurisdictions in the world. Nexo's team ensures that all relevant legal and compliance terms are met prior to accepting customers from each country. Which Coins Are Supported By Nexo?
Nexo is the world’s leading regulated institution for digital assets. Its mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient Instant Crypto Credit Lines, a high-yield Earn on Crypto & Fiat suite, Send & Pay capabilities, and sophisticated trading & OTC services, bolstered b by the top-tier custodial insurance and military-grade security of the Nexo Wallet.