Swap your NEXO and USDT with the best rates here on SwapSpace
The conversion rate of NEXO to USDT reached 1.1892 by June 14, signifying the sustained growth of NEXO and its position within the crypto space, displaying the continuation of an overall upward trend. It showcased notable gains, particularly from February to April 2024, reflecting positive developments and increasing interest in NEXO within the cryptocurrency market.
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NEXO / USDT live price chart
Both NEXO price and USDT price are quite volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering exchanging your crypto.
Between December 17, 2023, and June 14, 2024, let's explore the conversion rate of NEXO to USDT, a stablecoin tethered to the value of the US dollar.
Commencing in mid-December 2023, the NEXO to USDT conversion rate began at 0.8212. Around December 21, 2023, NEXO experienced a slight dip, causing the conversion rate to decrease to 0.8100. However, it swiftly rebounded, surging to 0.8400 on December 23, 2023. This trend of growth continued into January 2024, with the conversion rate reaching 0.9000 by the end of the month.
February 2024 saw a consistent upward trajectory for NEXO, driven by positive market sentiment and developments within the Nexo ecosystem. The NEXO to USDT conversion rate reached 1.1000 by February 20, 2024. While a minor correction occurred on February 25, 2024, with the rate dipping to 1.0800, it resumed its upward momentum in the following days, scaling up to 1.2000 by March 12, 2024. As is typical in the crypto space, there were fluctuations, resulting in the conversion rate briefly falling to 1.1500 on March 15, 2024. However, the overall trend remained positive, and the rate endeavored to surpass its previous levels. By March 30, 2024, the conversion rate had climbed to 1.2500, indicating a robust performance by NEXO in the market.
The bullish trend persisted into April 2024, with the conversion rate reaching 1.3500 by April 15, 2024. This demonstrated continued confidence and investment in NEXO. Nevertheless, there were moments of market correction, as seen on April 17, 2024, when the conversion rate briefly dropped to 1.2800.
May and June witnessed a continuation of this positive trend, with the conversion rate reaching 1.1892 by June 14, signifying the sustained growth of NEXO and its position within the crypto space.
Despite minor setbacks, the overall trajectory remained positive. In summary, the conversion rate of NEXO to USDT experienced fluctuations but displayed an overall upward trend, especially during the first half of 2024. It showcased notable gains, particularly from February to June 2024, reflecting positive developments and increasing interest in NEXO within the cryptocurrency market.
How to exchange NEXO and USDT on SwapSpace
On this page, we already put NEXO in the “You send” and USDT in the “You get” section in the exchange window below — so you should just enter the amount you want to exchange. Next, press the ”View offers” button and select the exchange service that you like the most. Choose either fixed or floating exchange rate, as we at SwapSpace provide you with options for either of them!
Fill in the “Provide the recipient address” field with the destination USDT address and provide the refund address for your NEXO if you want. If your preferred wallet is Trezor, you can press the button to connect a wallet and simplify the exchange process (more on that — in our FAQ). Check the information carefully and click the “Next” button.
Using the wallet of your choice, send your NEXO to the address you see on the screen. You can use the QR code to speed up the process. You can also press the “Connect Wallet” button, which will give you options to connect your Metamask wallet, Trezor, or use WalletConnect (more on using those options — in our FAQ). As soon as our partner gets your NEXO, the exchange will continue.
At this stage, you need just to wait until you get your coins in the wallet. Check the Swap Tracker if you want to know the exchange status, and feel free to contact the support if it seems like something is going wrong. That’s it!
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