What is NEXO?
NEXO is a blockchain-based financial platform that provides instant crypto-backed loans.
It is the world’s first and largest instant crypto-backed loan provider, allowing users to borrow against their crypto assets without having to sell them. NEXO also offers a range of other services, such as an automated savings account, an instant credit line, and a crypto credit card. NEXO is powered by its native token, NEXO (NEXO).
The token serves as the platform’s utility token and allows users to access various features on the platform. It also serves as collateral for loans and rewards users with dividends from the profits generated by the platform. The NEXO token is listed on major exchanges such as Binance, Huobi Global, OKEx, and KuCoin.
The NEXO platform was founded in 2018 by Credissimo Group, a leading European FinTech group with over 10 years of experience in providing financial services. The team behind NEXO has extensive experience in banking and finance and has been involved in some of the most successful projects in the blockchain space.
