Nexo price

NEXO

#109

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.

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.