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NEXO

Nexo (NEXO)

Buy Nexo

Exchange rate Nexo:

2.93zł

-2.44%

Market capitalization

1638413278 PLN

Volume (24h)

25182068 PLN

Supply in circulation

560000011 NEXO

All-Time High

-

All-Time Low

-

Popularity by CMC

#89
The current rate Nexo NEXO is $2.93. In the last 24 hours, the price of Nexo has decreased by -2.44% and the 24-hour volume of this cryptocurrency is $25 182 068.00. The cryptocurrency in the last 24 hours recorded the highest price at the $0.00, while its lowest was $0.00. The highest Nexo price in the last 7 days was $0.00, and the lowest price was $0.00. Exchange rate Nexo in the last 30 days decreased by -43.41%.
Cryptocurrency calculator
Źródło danych: Coinmarketcap.com
1h 24h 7d 14d 30d 1y
-1.62% -2.44% 0.43% -39.22% -43.41% -47.96%
Źródło danych: Coinmarketcap.com

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Table of content

  • What Is Nexo (NEXO)
  • Who are the Founders?
  • Potential Features of Nexo
  • Nexo Wallet

What Is Nexo (NEXO)?

Nexo is a blockchain-based lending platform that provides customers with instant cryptocurrency loans. Customers deposit a token - such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) or XRP (XRP) - as collateral, and they receive a loan in fiat currency or a stablecoin. Nexo has a native token, NEXO, that when locked in the platform grants users benefits such as discounts on interest accumulated on loans and the opportunity to receive interest payments on funds deposited. Token holders also receive dividends from Nexo's profits. The project was first announced in December 2017, and it launched in April 2018.

Who are the Founders?

Nexo combines the expertise of finance professionals and crypto enthusiasts to provide the crypto equivalent of a service well established in traditional finance, but not yet available in digital finance - borrowing the value of your assets. In 2018, the team launched the Nexo platform, offering the world’s first crypto credit lines that allowed digital asset holders to obtain fiat and stablecoin loans against their cryptocurrency, and thus setting the foundations of the crypto lending niche.

The collective behind Nexo has a combined experience of over 30 years in financial services, including non-crypto lending, investment banking, mergers and acquisitions, and hedge funds, with Co-founder and Managing Partner Antoni Trenchev additionally contributing with experience in Finance Law and in KYC and AML solutions. Renchev, who has served as the public face of Nexo's leadership, is a longtime advocate for blockchain adoption, including serving as a Bulgarian national assembly member from 2015 to 2017.

Nexo currently services over a million users in more than 200 jurisdictions and manages over $4 billion in assets. It has 150 employees, with its headquarters in London.

Potential Features of Nexo

  • In its whitepaper, Nexo describes itself as the first company to offer instant cryptocurrency-backed loans and as the first to remove inefficiencies from the lending market through a smart contract and an oracle embedded in the Ethereum blockchain. The oracle establishes the loan after the cryptocurrency is transferred to a Nexo wallet, and the funds are allocated to the user immediately. After the user repays the loan, the oracle returns the cryptocurrency and records the transaction on the blockchain. Smart contracts are used to power NEXO and to record user balances. 
  • Nexo is marketed to individual and institutional investors, cryptocurrency companies, exchanges, miners and others who want liquidity from their assets. The company makes a profit from the interest accumulated on loans, and it also offers institutional lending and consulting services.
  • It is Nexo's goal to build a client base that continues to use NEXO and remains invested in the platform, which is why it has created a loyalty program that rewards customers who retain NEXO in their accounts with preferred interest rates on loans and higher yields on savings

Nexo Wallet

NEXO is traded on cryptocurrency exchanges such as Huobi Global, UPEX, Hoo and Bitrue, among others, and it is convertible into fiat currencies such as Indian rupees, South Korean won, and Bitcoin (BTC), as well as a stable coin called Tether (USDT)

Include on your website a calculator Nexo and chart NEXOUSD using the widgets below.

Calculator Nexo

Źródło: Tokeneo

To place such a calculator on your website, paste the code below into the appropriate place.

Chart NEXO-PLN

Źródło: Tokeneo

To place such a chart on your website, paste the code below into the appropriate place.

To run a calculator or chart on your site, please:

  • Copy the code of the selected widget and paste it into the right place on your website
  • You can also configure widgets as needed by modifying the parameters:
    • data-crypto="" - enter a list of cryptocurrencies that will be available in the cryptocurrency calculator. Enter the cryptocurrency shortname. You can add many cryptos, e.g. BTC, ETH, TEO. You will find a list of available cryptocurrencies here. To add all cryptocurrencies - leave the tag empty.
    • data-fiat="" - enter the list of FIAT currencies that will be available in the cryptocurrency calculator, you can choose multiple currencies by entering e.g. PLN, USD, EUR, GBP. To add all FIAT currencies - leave the field blank.
  • Parameters are configurable for the cryptocurrency calculator. In the case of the chart, it is not possible to add many parameters (crypto or fiat).
  • To use widgets, you must include a link to your source. The link is included in the above widget codes. The link should not contain the parameter rel = "nofollow".
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