Nexo Price (NEXO)

What Is Nexo (NEXO)?

Nexo is the world’s leading digital assets institution. The company’s mission is to maximize the value and utility of digital assets by offering a comprehensive suite of products that include advanced trading solutions for retail and institutional clients, aggregation of liquidity from leading venues, and tax-efficient asset-backed credit lines. In early 2022, the enterprise launched its investment arm Nexo Ventures, which now boasts over 60 portfolio companies. Nexo has processed $130+ billion for 6,000,000+ satisfied users across more than 200 jurisdictions.

The NEXO Token is the platform’s native currency, an ERC-20, Ethereum-based token, that grants holders access to tiers in Nexo’s Loyalty Program. The token, which is traded on the open market, brings a number of advantages, including preferential borrowing rates, cash-back, free withdrawals and better yield rates.

How Many Nexo Coins Are There in Circulation?

Nexo has a fixed supply of 1 billion tokens, with 560,000,011 NEXO currently in circulation.

Who Are the Founders of Nexo?

Nexo was founded by a team of experienced finance professionals, namely, Kosta Kantchev (Co-Founder & Executive Chairman), Antoni Trenchev (Co-Founder & Managing Partner) and Kalin Metodiev, CFA (Co-Founder and Managing Partner). The company was established in late 2018, following a private token sale, raising $52.5 million. Trenchev in specific, is a frequent guest in some of the most popular fintech and cryptocurrency news outlets, including Bloomberg, CNBC and Yahoo Finance.

Where Can I Buy Nexo Tokens (NEXO)?

The NEXO Token can be bought on leading centralized and decentralized exchanges including Nexo Exchange, Binance, Bitstamp, Huobi, Bitfinex, Gate.io, Bitget, MEXC Global, Uniswap.

What Makes Nexo Unique?

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.

Perpetual futures trading is also available on Nexo, allowing users to long or short cryptocurrencies with leverage up to 50x. With risk management tools like trigger orders, users can apply strategies and gain exposure to the price movements of cryptocurrencies via USDT-settled futures contracts.

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.

Related Pages:

Nexo.com

Nexo Prime

How Is the Nexo Network Secured?

Nexo's commitment to security shines through its acquisition of prestigious certifications like ISO 27001, ISO 27017, and ISO 27018, emphasizing its dedication to securing client data and enhancing cloud security. Further bolstering its reputation, Nexo achieves the Cloud Security Alliance's STAR Level 1 Certification and completes a SOC 2 Type 2 audit, affirming its adherence to stringent data privacy standards. Platform security is further enhanced by industry-standard features, including 2FA account login with biometric data, SSL secure connection and a 24/7 customer support team.

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.