Nexo priceNEXO $0.6735

Starting out in 2018 as an over-collateralized lending platform, Nexo has branched out services in various digital asset verticals to develop an all-in-one, 360-degree product suite for crypto management.

Nexo’s Instant Crypto Credit Lines offer flexibility and ease-of-use when cryptocurrency holders need extra funds. The company’s fully automated lending solution allows customers to instantly obtain loans in over 40 fiat currencies or stablecoins by providing digital assets as collateral to secure the loan, where over 60 supported cryptocurrencies are available as collateral.

The platform also offers daily payouts, compounding interest and flexible yields on its Earn Interest product with a zero-fee policy on deposits, withdrawals and top ups. Nexo also provides the ability to “Swap while You Earn”, where cryptocurrencies earning interest can be swapped for higher-performing assets.

Nexo Pro is the company’s trading platform that offers access to over 400 market pairs to both beginners and experienced traders. The platform allows both spot and futures trading with market, limit, stop-loss, take-profit, trailing and TWAP orders. Traders can also apply up to 20x leverage when margin trading. Nexo Pro utilizes Smart Order Routing to provide deep liquidity from 10 of the leading exchanges on available market pairs.

The Nexo Card, launched in partnership with Mastercard, is touted as the world’s first crypto-backed credit card, enabling clients to spend the fiat value of their cryptocurrency holdings, without selling them.

Developed with institutional interest in mind, Nexo Prime is the proprietary prime brokerage of Nexo. Nexo Prime delivers institutional, corporate, and high-net worth investors all the tools necessary to trade, borrow, lend, and securely store their digital assets in a single platform.

Nexo’s products have won various industry awards, including the Forbes Business Awards, PAY360 Awards and FinTech Breakthrough Awards. The company celebrates its 5th anniversary in April 2023, as one of the leading retail and institutional lenders in the digital assets space.

Nexo was among the pioneering operators in the digital asset space to implement a real-time attestation, showcasing that the company’s assets exceed liabilities at all times.

The company has a solid track record of never having lost even a dollar in client funds since it began operations in 2018. For custodial functions, Nexo has engaged with renowned industry veterans among which Ledger and Bakkt. In November 2019, Nexo received its ISO/IEC 27001:2013 certification. Platform security is further enhanced by industry-standard features including 2FA account login with biometric data, SSL secure connection and 24/7 customer support team.

The company display’s over 50 licenses and registrations with regulators. The company operates a strict, non-negotiable, over-collateralized policy with prudent risk management practices on lending activities to protect its clients and promote a sustainable business model.