![]() ![]() The company display’s over 50 licenses and registrations with regulators. Platform security is further enhanced by industry-standard features including 2FA account login with biometric data, SSL secure connection and 24/7 customer support team. In November 2019, Nexo received its ISO/IEC 27001:2013 certification. For custodial functions, Nexo has engaged with renowned industry veterans among which Ledger and Bakkt. The company has a solid track record of never having lost even a dollar in client funds since it began operations in 2018. Nexo was among the pioneering operators in the digital asset space to implement a real-time attestation, showcasing that the company’s assets exceed liabilities at all times. The company celebrates its 5th anniversary in April 2023, as one of the leading retail and institutional lenders in the digital assets space. Nexo’s products have won various industry awards, including the Forbes Business Awards, PAY360 Awards and FinTech Breakthrough Awards. Nexo Prime delivers institutional, corporate, and high-net worth investors all the tools necessary to trade, borrow, lend, and securely store their digital assets in a single platform. The Nexo Card, launched in partnership with Mastercard, is touted as the world’s first crypto-backed credit card, enabling clients to spend the fiat value of their cryptocurrency holdings, without selling them.ĭeveloped with institutional interest in mind, Nexo Prime is the proprietary prime brokerage of Nexo. Nexo Pro utilizes Smart Order Routing to provide deep liquidity from 10 of the leading exchanges on available market pairs. Traders can also apply up to 20x leverage when margin trading. The platform allows both spot and futures trading with market, limit, stop-loss, take-profit, trailing and TWAP orders. Nexo Pro is the company’s trading platform that offers access to over 400 market pairs to both beginners and experienced traders. Nexo also provides the ability to “Swap while You Earn”, where cryptocurrencies earning interest can be swapped for higher-performing assets. The platform also offers daily payouts, compounding interest and flexible yields on its Earn Interest product with a zero-fee policy on deposits, withdrawals and top ups. The company’s fully automated lending solution allows customers to instantly obtain loans in over 40 fiat currencies or stablecoins by providing digital assets as collateral to secure the loan, where over 60 supported cryptocurrencies are available as collateral. Nexo’s Instant Crypto Credit Lines offer flexibility and ease-of-use when cryptocurrency holders need extra funds. Starting out in 2018 as an over-collateralized lending platform, Nexo has branched out services in various digital asset verticals to develop an all-in-one, 360-degree product suite for crypto management. NEXO can also be traded on the open market through leading exchanges. The NEXO Token can be bought on leading centralized and decentralized exchanges including Nexo Exchange, Binance, Bitstamp, Huobi,īitfinex, Gate.io, Bitget, MEXC Global, UniSwap. Trenchev in specific, is a frequent guest in some of the most popular fintech and cryptocurrency news outlets, including Bloomberg, CNBC and Yahoo Finance. The company was established in late 2018, following a private token sale, raising $52.5 million. Nexo was founded by a team of experienced finance professionals, namely, Kosta Kantchev (Co-Founder & Executive Chairman), Antoni Trenchev (Co-Founder & Managing Partner) and Kalin Metodiev, CFA (Co-Founder and Managing Partner). Nexo has a fixed supply of 1 billion tokens, with 560,000,011 NEXO currently in circulation. How Many Nexo Coins Are There in Circulation? The token, which is traded on the open market, brings a number of advantages, including preferential borrowing rates, cash-back, free withdrawals and better yield rates. The NEXO Token is the platform’s native currency, an ERC-20, Ethereum-based token, that grants holders access to tiers in Nexo’s Loyalty Program. ![]() Nexo has processed $130+ billion for 5,000,000+ satisfied users across more than 200 jurisdictions. In early 2022, the enterprise launched its investment arm Nexo Ventures, which now boasts over 60 portfolio companies. The company’s mission is to maximize the value and utility of digital assets by offering a comprehensive suite of products that include advanced trading solutions for retail and institutional clients, aggregation of liquidity from leading venues, and tax-efficient asset-backed credit lines. Nexo is the world’s leading digital assets institution.
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