Currently available in the United States; coming soon in 31 countries in Europe.
NEXO Conversion Calculator
NEXO To USD
What is NEXO?
NEXO is a cryptocurrency lender that allows users to borrow cryptocurrencies and exchange them for fiat. The platform currently supports conversion into Nexo Tokens, Bitcoin, Ethereum, EUR, or USD, and has processed three billion dollars in the last two years with eight hundred thousand users worldwide.
For users wanting to secure a loan, Nexo requires the transfer of digital assets into your Nexo account as collateral, after which they validate your holdings and calculate your loan details. Once finalized, funds are made available instantly via the Nexo Card of a bank transfer. Fees and rates are disclosed upfront and users are provided multiple repayment options before the loan closes. The loan funds can be withdrawn as needed, either in a lump sum or smaller distributions.
Borrowers are incentivized to repay their loans using Nexo Tokens, which entitles them to a fifty percent discount on their interest rate. As it pertains to security, Nexo has dedicated itself to protecting users’ funds and information. Nexo cold storage wallets are protected by BitGo, which holds a one hundred million dollar insurance policy and protects against third party hacks, loss of keys, and insider theft.
In addition to lending, the platform also allows users to earn interest on their own crypto holdings as well as Euros, British pounds, and US Dollars. Their high-yield bank accounts boast a twelve percent annual return. By staking the NEXO token users can unlock even higher interest rates. The most recent product they’ve added to their lineup is the Nexo Card, a crypto debit card for users to spend their funds.
NEXO Market Price Ticker Chart
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NEXO Frequenty Asked Questions
Where does NEXO (NEXO) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, NEXO currently ranks in position 58 out of the top 1000 cryptocurrencies. Another important factor in popularity is NEXO‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. NEXO has a market cap of $ 1,098,603,840, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 830,530,031,224, Litecoin at $ 10,853,933,229, Ethereum at $ 160,939,373,553, Tether at $ 35,198,057,071, and XRP at $ 18,909,007,446.
What is the price of NEXO (NEXO) today (updated in realtime)?
The current price of NEXO is $ 1.98 in USD. (The price in Euros is 1,64 €; and the price in Bitcoin is Ƀ 0.00004400 BTC.)
How has NEXO (NEXO) performed recently?
NEXO‘s price has decreased in the last 24 hours by -4.66%. The change in price over the last seven days was -19.70%. The trading volume over the last 24 hours was $ 7,900,482. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is NEXO‘s (NEXO) market supply?
The total circulating (available) supply of NEXO is 560,000,010 NEXO. The total supply of NEXO is 1,000,000,000 NEXO.
What is the 24 hour volume for NEXO (NEXO)?
The 24 hour volume of NEXO is $ 7,900,482.
What is NEXO (NEXO) official website?
NEXO‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
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