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NEXO

NEXO

NEXO
#97
$0.8257Down 0.35 percent($0.00)

Key Stats

Market Cap$462.39MDown 0.35 percent
Volume (24h)$1.67M
Fully Diluted Value$825.70M
Vol/Mkt Cap (24h)0.36%
Total Supply1.00B NEXO
Max Supply∞
Circulating Supply560.00M NEXO
Launch Date2018-04-29
Built OnETH
Token StandardERC20
Smart Contract Address0xB621…5206
Decimal Places18

NEXO Information

Websites
nexo.ioWhitepaper
Industries
Exchange Utility

NEXO Price Converter

NEXONEXO
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Latest NEXO News

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Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach
Negative

Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach

Negative

Nexo in Court With a Co-Founder Over $12M in Missing Assets

Neutral

Nexo Hires Citigroup to Advise on Acquisitions

Negative

Nexo Proposes Celsius Buyout as Rival Lending Platform Halts Withdrawals

NEXO Markets

View all
InstrumentExchangeBenchmark DataPrice24h Change
NEXOUSDT logo
NEXO-USDT
NEXOUSDT
binance logobinance
AA
0.8250USDT
-0.96%
NEXOBTC logo
NEXO-BTC
NEXOBTC
binance logobinance
AA
0.0₄1071BTC
-0.65%
NEXOUSDT logo
NEXO-USDT
NEXO_USDT
whitebit logowhitebit
BB
0.8273USDT
-0.97%
NEXOUSDT logo
NEXO-USDT
NEXOUSDT
bybit logobybit
A
0.8254USDT
-0.95%
NEXOUSDC logo
NEXO-USDC
NEXO_USDC
whitebit logowhitebit
BB
0.8244USDC
-1.73%

NEXO Supported Platforms

View all
Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
ERC20ETH0xB62132e35a6c13ee1EE0f84dC5d40bad8d8152062018-04-20
ERC20POL0x41b3966b4ff7b427969ddf5da3627d6aeae9a48e2021-04-27
HPNEXOHRC20HT0x3a6b8b642aa154bada89ed3730c9e820da79ad242021-02-26

About NEXO

NEXO is a utility token used within the NEXO platform, bridging the gap between traditional finance and the digital asset economy. NEXO users can borrow fiat or stablecoins by collateralizing cryptocurrencies. Furthermore, NEXO token holders are eligible to participate in platform decisions, emphasizing the platform's community-centric philosophy. The token also offers holders up to 12% annual interest on the NEXO tokens held in their wallets. Moreover, holding NEXO tokens enrolls users in NEXO's Loyalty Program, granting them higher yields on crypto and fiat currencies, preferential borrowing rates, and free crypto withdrawals. The NEXO token was created by Nexo AG, a FinTech group established in 2017, based in Zug, Switzerland, that blends traditional finance and blockchain technology.

Frequently Asked Questions

NEXO is a utility token associated with the NEXO platform. It's an ERC-20 compliant token on the Ethereum blockchain. As a utility token and not a security token, NEXO powers the various functionalities of the NEXO platform and is subject to different regulations. NEXO allows its users to borrow fiat currency or stablecoins by using their cryptocurrency holdings as collateral, bridging the gap between traditional and digital finance.

On October 2024, Nexo rebranded itself as a comprehensive digital assets wealth platform. This strategic shift reflects Nexo's evolution from a crypto lending pioneer to a full-fledged wealth management service. The rebranding includes a new logo, website, and enhanced user interface, aiming to provide sophisticated and flexible digital asset solutions. This transformation aligns with the growing demand for advanced tools in the digital asset space.

The primary use of NEXO tokens is to fuel the operations of the NEXO platform. This allows users to borrow fiat currency or stablecoins against their cryptocurrency assets, merging the security and robustness of traditional finance with the flexibility and innovation of blockchain technology.

In addition, NEXO tokens enable holders to participate in platform decisions, enhancing the community-driven aspects of the NEXO platform.

NEXO token holders can earn up to 12% interest per annum, paid out daily, on the NEXO Tokens held in both their Savings and Credit Line wallets. Furthermore, by holding NEXO tokens, users are automatically enrolled in NEXO's Loyalty Program, providing:

  1. Higher yields on both crypto and fiat currencies with the NEXO Earn suite.
  2. Preferential borrowing rates for the Instant Crypto Credit Lines™.
  3. Free withdrawals of crypto assets.

The NEXO token was created by Nexo, a company established in 2017 by Antoni Trenchev and Credissimo. Nexo AG, which oversees the NEXO platform, is part of the larger Credissimo group—a leading FinTech group that has been serving millions across Europe for over a decade. Headquartered in Zug, Switzerland, the fusion of traditional finance and groundbreaking blockchain technology is central to the unique suite of services offered by the NEXO platform.