Nexo (NEXO)

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Nexo (NEXO) is a cryptocurrency made by Credissimo, a European FinTech Group and market leader in the Online Consumer Lending segment across Europe. Credissimo was founded in 2007 and therefore has more than 10 years of experience in the FinTech industry. The team behind Credissimo moved into the cryptocurrency arena in 2017 with the launch of Nexo, a cryptocurrency and the world’s first blockchain-based cryptocurrency-backed loan platform. 

With Nexo, users deposit supported crypto assets including, apart from Nexo (NEXO), also Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Binance Coin (BNB), Litecoin (LTC) and 17 other cryptocurrencies to earn an instant cash loan in 45+ fiat currencies. Upon depositing crypto, a credit line becomes instantly available and no credit check is necessary. Users can spend from their credit line anytime by the Nexo card or withdraw directly to their bank account. When your crypto goes up in value, additional credit is automatically and instantly available on your credit line. Also, all crypto assets are insured and secured by the renowned SEC-approved custodian BitGo.Apart from Nexo’s instant crypto credit line, users can earn 8% interest per year with compound interest paid out daily with no fees for loaning out crypto or fiat currency. 

In addition to Nexo’s financial services, Nexo (NEXO) token holders reportedly receive passive income in the form of 30% of the company’s profits. As well, token holders also receive discounted -50% rates on Nexo’s Instant Loans.

Currently, Nexo is the largest and most trusted lending institution in decentralized finance as it has processed $700 million for 200,000+ Nexo users and has received more than $1 billion in Instant Crypto Loan requests. Moreover, Nexo is supported in more than 250 jurisdictions and supports 45+ fiat currencies. 

In this tag you can discover Nexo (NEXO) news, price prediction, opinion and analysis created by users.

$12 million Nexo token treasure hunt

11 May 2024 1 minute read 0 comments KMatt

Nexo recently launched a "treasure hunt" campaign with a total of approximately $12 million in Nexo tokens up for grabs.Old and new users exploring the Nexo ecosystem can participate. How to collect points Point multiplier Weekly multiplier The firs...

Nexo rewards campaign until 7th July

10 May 2024 1 minute read 0 comments Vladan Lausevic

Nexo, a crypto lending protocol, is celebrating its sixth anniversary by allocating 10 million NEXO tokens, valued at $12.5 million, to users.   The campaign runs until July 7. Users can earn points through asset top-ups, Nexo Card activations, fiat...

Nexo Card awarded by the FinTech Breakthrough Awards 2024

18 Mar 2024 2 minute read 0 comments KMatt

Nexo, a leading cryptocurrency platform with over 7M active users in 200 countries around the world, announced that its Nexo Card received the "Consumer Payments Innovation Award" at the 2024 FinTech Breakthrough Awards. The award recognizes innovati...

Nexo wants a Bitcoin emoji, and they have a point

12 Mar 2024 1 minute read 2 comments LeftFooted

Earlier today I got an email from Nexo. "Bitcoin is money. Bitcoin is culture. Bitcoin is technology. It’s high time we get a Bitcoin Emoji," the email read. "We have joined forces with 25+ leading crypto organizations for a historic cause: 'Bitcoin...

Nexo conquers Dubai: VARA approval and new horizons for cryptocurrencies

7 Mar 2024 1 minute read 0 comments KMatt

Nexo, a leading platform for cryptocurrency-based products and services, announces a major expansion in Dubai by obtaining initial approval from the Virtual Asset Regulatory Authority (VARA). In short, Nexo is known for three main reasons:- Earn up t...

Nexo: APYs Too High to Be True?

7 Feb 2024 2 minute read 0 comments KMatt

I have received many questions from friends but also from strangers regarding Nexo, one of which is: But how is it possible that Nexo offers returns of 14% on stablecoins, 5% on Bitcoin and 6% on Ethereum? More than legitimate questions that I also a...

Nexo files for Three Million-Dollar damages claim from the Republic of Bulgaria

25 Jan 2024 1 minute read 7 comments Yugocean

     Nexo surprises everyone by filing for $3 billion in damages against the Republic of Bulgaria, this is encouraging the crypto world.   The Criminal Investigation      In January 2023, Bulgarian prosecutors raided NEXO's Sofia-based office and c...

SEC rejects Coinbase's request

17 Dec 2023 1 minute read 0 comments KMatt

The SEC again...The US Securities and Exchange Commission has officially rejected Coinbase's petition regarding new regulation of digital assets, declaring that the current rules can very well also be applied to cryptocurrencies. SEC Chairman Gary Ge...

This Is How You Can Double Your Crypto Portfolio Without Investment

27 Nov 2023 4 minute read 0 comments Coins Reporter

Hello HODLERS! I hope you all are enjoying the recent market surge and HODLING intact to your coins as you had been for the last two years and so. Today, I am going to tell you a market strategy that can pump your portfolio without any investment and...

How to receive 6% Cashback in Tokens or Bitcoin

26 Nov 2023 2 minute read 0 comments Invictus21

Nexo offers cardholders up to 6% in NEXO Tokens and Bitcoin. If you are wondering what i NEXO is...The answer is Nexo is a leading crypto lending platform that provides users with the ability to earn interest on their crypto assets, borrow crypto aga...