- Nexo provides users with the services of buying, Exchanging, borrowing, and many more on a single platform.
- It is trusted by 6 Million users and currently manages $130 Billion worth of assets.
About Nexo
Nexo is a lending institution that runs in the digital finance industry. This organization was launched in 2018, and since then, it has gained a user base of 6M users. It mainly works on cryptocurrencies and supports approximately 60+ cryptocurrencies. Nexo is actively working towards empowering the decentralized system by providing advanced trading solutions for retail and institutional clients.
This company is currently located in London, England. It was founded in 2017 by Antoni Trenchev, Georgi Shulev, and Kalin Metodiev. It is an all-in-one crypto platform. This organization has till now managed $130 Billion worth of assets in the last 5 years.
This Platform Currently Provides the Following Services
Buying Crypto
Nexo allows users to purchase over 60 top cryptocurrencies, providing a special benefit of a 0.5% reward for such transactions Such advantages are rarely provided by any exchange.
Lending Services
If you already own any crypto asset and want to earn from that asset without even doing anything. Then Nexo is an ideal platform for you. It provides 16 %/annum interest on the crypto asset that you may lend to this platform. Currently, it supports 35+ digital assets, including Bitcoin and other stablecoins such as USDT and USDC.
Exchange Crypto Currencies
Nexo facilitates easy cryptocurrency exchange with over 500 market pairs of digital currencies. It provides you with the opportunity to buy, sell and swap all the major cryptocurrencies available in the market. The extra edge that differentiates Nexo from all other exchanges is that it allows no fees on the transactions. And can process transactions in seconds.
Borrow Digital Assets
With Nexo, you can borrow crypto assets without selling your holdings, enjoying incredibly low-interest rates starting from 0%, with no origination fees, monthly repayments, or credit checks. Since 2018 it has already used $7 B worth of assets in credit and gained the trust of 6M+ users worldwide.
Card
Crypto Cards is a unique concept and hence offered by on limited no. of organizations. But you get this service on Nexo. Let’s understand in detail what benefits it provides and how it can be useful for you. If you keep your assets in the Nexo card, you can enjoy 2% interest on cryptocurrencies and 0.5% on Bitcoin.
The Credit line rates start from 0% interest, with no minimum repayments, and also provide integration on Apple & google play store.
If you are a traveling lover then also this card will be proved a lifesaver for you. Accepted by over 90 million+ merchants globally, it allows you to save up to €20,000 per month on foreign transaction fees. The card also offers 10 free ATM withdrawals every month and a generous withdrawal limit of €10,000.
