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Nexo NEXO |
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£0.8151552 |
0.46 % (24h) |
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Marketcap |
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£526,709,131 |
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Volume 24h |
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£6,346,347 |
Description
Nexo (NEXO) is a blockchain-based platform that offers instant cryptocurrency-backed loans. Launched in 2018, Nexo allows users to borrow funds using their crypto assets as collateral, without needing to sell them. NEXO, the platform's native token, offers benefits such as lower interest rates, higher loan limits, and dividends from the platform's profits. Nexo aims to provide a bridge between traditional finance and the growing cryptocurrency market by offering secure, crypto-backed credit services.