Exchange NEXO

Nexo is an all-in-one blockchain platform that allows the secure storage of digital assets. It is also the largest lending institution in the world in the Digital financial industry. It was founded in 2018 with the goal to bring professional financial services to the world of digital assets. By now Nexo manages the assets for over 4 million users across 200 jurisdictions.

The vision of Nexo crypto is the creation of innovative, convenient, sustainable solutions. Pioneering in a new digital financial system, Nexo sees the future of the financial world with all the assets being on-chain tokenized while the people can transfer and manage their funds efficiently and securely. 

With Nexo, users can deposit one of the numerous accepted tokens as a collateral and receive a loan in fiat or stablecoins. It has a native token called NEXO that can be locked on the platform and thus provide discounts on interest accumulated on loans and also the chance to receive interest payments on funds deposited. The platform uses smart contracts to record the balances and record Nexo. 

Nexo allows its users to earn interest up to 17% ARP by keeping the assets on the platform. Nexo offers zero transaction fees, top-tier insurance, daily payouts, and flexible earnings that depend on the cryptocurrency. The project is marketed to any user or organization that wants liquidity from their assets.

Additionally, those who keep NEXO in their accounts can benefit from preferential interest rates on loans and higher yields on savings. 30% of the company’s profits are distributed as dividends to the token holders. 

To guarantee the security of the assets, Nexo stores the assets with BitGo, so the tokens are kept in cold storage wallets and covered with $100 million insurance. Additionally, as NEXO is an ERC-20 asset, all the transactions are secured by the Ethereum mainnet.

Recently the project, together with Mastercard, has launched the first-ever crypto-backed payment card.