$0.8165

Nexo is a digital asset platform that helps users manage, grow, and protect their cryptocurrency holdings. It aims to lead in wealth creation by focusing on customer success and providing personalized solutions, with round-the-clock support. Since 2018, it has served clients in over 200 countries, managing over $7 billion in assets and processing $320 billion. The platform offers high-yield savings, crypto-backed loans, trading tools, and liquidity solutions, including a crypto debit/credit card. The NEXO token is the platform's native cryptocurrency, providing benefits such as up to 12% annual interest on tokens held in Savings and Credit Line Wallets.

Nexo has a fixed total supply of 1 billion tokens, and all 1,000,000,000 NEXO tokens are currently in circulation.

Nexo was founded by finance professionals Kosta Kantchev (Co-Founder & Executive Chairman), Antoni Trenchev (Co-Founder & Managing Partner), and Kalin Metodiev, CFA (Co-Founder & Managing Partner). The company was established in late 2018 after a private token sale that raised $52.5 million. Trenchev frequently appears in major fintech and crypto media outlets such as Bloomberg, CNBC, and Yahoo Finance.

NEXO tokens are available for purchase on various centralized and decentralized exchanges, including Nexo Exchange, Binance, Bitstamp, Huobi, Bitfinex, Gate.io, Bitget, MEXC Global, and Uniswap.

Nexo began in 2018 as an over-collateralized lending platform and has since expanded into a comprehensive digital asset suite. Its Credit Line allows users to obtain instant loans in over 40 currencies or stablecoins by collateralizing more than 85 supported cryptocurrencies. The platform offers daily payouts of up to 14% on flexible savings and up to 16% annually on fixed-term savings. Additionally, Nexo provides perpetual futures trading with leverage up to 50x, access to over 1500 crypto pairs, and risk management tools like trigger orders. The Nexo Card, launched with Mastercard, is billed as the world's first crypto-backed credit card.

Nexo prioritizes security by holding certifications such as ISO 27001, ISO 27017, and ISO 27018, which demonstrate its commitment to protecting client data and enhancing cloud security. It also has the Cloud Security Alliance's STAR Level 1 Certification and has completed a SOC 3 Type 2 audit. Platform security features include two-factor authentication with biometrics, SSL secure connections, and 24/7 customer support. The company maintains a strict over-collateralization policy with prudent risk management on lending activities to safeguard clients and ensure a sustainable business model.