What Is Nexo (NEXO)?
Nexo is a premier digital assets wealth platform designed to empower clients to grow, manage, and preserve their crypto holdings. Our mission is to lead the next generation of wealth creation by focusing on customer success and delivering tailored solutions that build enduring value, supported by 24/7 client care.
Since 2018, Nexo has provided unmatched opportunities to forward-thinking clients in over 200 jurisdictions. With over $7 billion in AUM and $320 billion processed, we bring lasting value to millions worldwide. Our all-in-one platform combines advanced technology with a client-first approach, offering high-yield flexible and fixed-term savings, crypto-backed loans, sophisticated trading tools, and liquidity solutions, including the first crypto debit/credit card. Built on deep industry expertise, a sustainable business model, robust infrastructure, stringent security, and global licensing, Nexo champions innovation and long-lasting prosperity.
The NEXO Token, is Nexo’s native cryptocurrency, offering a wide range of benefits on the platform. NEXO Token holders can earn up to 12% annual interest on tokens held within both the Savings and Credit Line Wallets in their Nexo accounts. Additionally, owning NEXO Tokens grants entry into the Nexo Loyalty Program, providing valuable benefits such as higher yields on digital assets, up to 0.5% crypto cashback on purchases or swaps made via the Nexo Exchange, borrowing rates starting from 2.9% annual interest, and up to 2% crypto cashback when using the Nexo crypto credit/debit card.
How Many Nexo Coins Are There in Circulation?
Nexo has a fixed supply of 1 billion tokens, with 1,000,000,000 NEXO currently in circulation.
Who Are the Founders of Nexo?
Nexo was founded by a team of experienced finance professionals, 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 Credit Line offers 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 currencies or stablecoins by providing digital assets as collateral to secure the loan, where over 85+ supported cryptocurrencies are available as collateral.
The platform also offers daily payouts of up to 14% on flexible savings whilst the funds remain available for trading and up to 16% annually on fixed-term savings.
Nexo offers perpetual futures trading with leverage up to 50x and access to over 1500 crypto pairs. 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.
Nexo’s products have won various industry awards, including the Forbes Business Awards, PAY360 Awards and FinTech Breakthrough Awards.
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 3 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.