Nexo NEXOPrice $ 1.23

Nexo is a decentralized lending protocol that was founded in 2018. It runs on blockchain technology and hopes to provide professional financial products to the digital assets ecosystem. The Nexo ecosystem caters to all types of traders with its broad range of services that facilitate buying, selling, trading, and borrowing cryptocurrencies. In particular, it leverages blockchain technology to address the issues of lending markets through its innovative and effective solutions.

The maximum supply of NEXO is 1,000,000,000.

What are Nexo’s key features and how does it work?

As mentioned the Nexo ecosystem comprises a range of products. The Nexo Exchange forms a core part of the platform. It has been developed over time and allows users to conveniently trade, buy, sell, and exchange tokens quickly and with minimal fees.

Additionally, users can open Instant Crypto Credit Lines. This means that from $50-$2M in cash or stablecoins can be borrowed by depositing crypto as collateral. The APR percentage depends on a user's Loyalty tier and the amount of NEXO held.

NFTs can also be used as collateral to borrow stablecoins or other crypto assets. Up to 20% of the value of an NFT can be borrowed.

The Nexo Prime platform is tailored to institutional clients. It provides tools for trading, storing, borrowing, and lending digital assets. This includes spot trading, cross-margin trading, and OTC facilities. Some of its key features include deep liquidity pools, cost-effective executions for large transactions, an insurance fund, as well as institutional-grade custody of funds.

What is noteworthy about Nexo?

Nexo also has an investment arm, Nexo Ventures. Its investment strategy focuses on early-stage blockchain-based projects that are helping to develop Web3 and the overall adoption of crypto assets.

Where can you buy NEXO?

NEXO is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, MEXC Global, Uniswap V3, and Probit. The price of NEXO will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for NEXO market prices, please view the price charts on this page.