Nexo, the most advanced and trusted provider of instant crypto credit lines, is the only enterprise to service 200+ jurisdictions and the only wallet that lets you borrow instantly in 45+ fiat currencies.
We are proud to have processed more than $300,000,000 in under 7 months.
It is our firm belief that sharing financial fortunes with our supporters is what the “DeFi” (Decentralized Finance) revolution is ultimately all about.
‘Earn Interest’ Product:
With the enormous demand for Nexo’s instant loans, we are turning to the Nexo community first and are pleased to launch our ‘Earn Interest’ product, which allows you to benefit from your idle assets in number of new ways:
- High-yield savings & passive income with an interest rate of 8% per year
- Interest compounding daily, starting from Day 1
- Available now for USDT, DAI, PAX, USDC, and TUSD with more assets being added on a regular basis
- No fees. No minimum contribution requirements
- Add and withdraw assets at any time
- Insurance on custodial assets of $100M provided by BitGo and Llyod’s of London.
- All funds are asset-backed by Nexo’s growing portfolio of overcollateralized crypto loans
- 1-to-1 conversion guarantee to U.S. Dollars on any stablecoins
Both individual and corporate Nexo Wallet Holders can now earn interest of 8% on their stablecoins — USDT, DAI, PAX, USDC, and TUSD, while BTC, ETH, XRP and other stablecoin options will be added soon.
1-to-1 USD Conversion Protection Guarantee
In an industry first, Nexo is pioneering the only protection for stablecoins on the market by guaranteeing a 1-to-1 conversion to U.S. Dollars on any stablecoin that Liquidity Providers contribute to Nexo.
This is unprecedented in the blockchain space and takes out of the equation any doubts that investors might have as to the actual backing of some stablecoins.
Crypto Custodian Insurance
The security of client funds is of the utmost importance to Nexo and is guaranteed for up to $100,000,000.00 by the insured custody of the assets via our partnerships with BitGo and Lloyd’s of London. You can find all the details here.
Nexo’s asset-backed and overcollateralized growing portfolio is further underpinning the resilience of the enterprise.
Guaranteeing customers a piece of mind is extremely important to us and is what will convince more and more people to explore the potential that crypto offers. That is why we provide an additional layer of safety and deploy the Cryptocurrency Security Standard Level 3 which is SOC 2 compliant which requires multiple actors for the all-critical actions.
Use of Funds
Funds from the liquidity program go exclusively into financing the huge demand for Nexo’s instant crypto loans. This appetite has made Nexo a profitable company from the very first day and has allowed us to pay out US$912,071.00 to NEXO Token Holders for the first 7 months of operation in the form of NEXO Dividends (30% of the net profit).
Three Steps That Make Your Crypto Work for You
- Open your free and secure personal or business Nexo Wallet
Nexo has a crypto custodian insurance policy of up to $100M, provided by BitGo and Lloyd’s of London. See the details here.
- Add crypto assets to your Nexo Wallet
No minimum amount is required. Аs soon as the transaction is confirmed on the blockchain, you instantly start earning interest.
- Enjoy your high-yielding passive income as the increasing daily interest accumulates in your Nexo Wallet.
The power of compounding ensures that every day a larger interest amount is credited into your account.
That is all there is to it. Тhanks to our 10+ years of credit automation, Nexo provides an unsurpassed user experience, security of assets and financial returns.
You can, of course, simultaneously utilize Nexo’s tax-efficient instant crypto credit lines to access cash without selling your crypto, as Nexo’s services perfectly compliment each other. Here are the three steps leading to your instant Nexo loan:
Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currencies
We are glad to see the excitement among Nexo’s clients about our instant crypto-backed loans. Nexo provides crypto…
Let your crypto work for you and start earning high-yield interest today!
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