NEXO is a digital financial institution that allows borrowing in traditional currencies and also gives daily interest on crypto money investments. Nexo, which has a shining place among alternative finance solutions, has more than 250 thousand customer transactions and has a team with more than 10 years of fintech experience behind it.
NEXO token, the own digital currency of the Nexo platform, stands out as being the first asset-based token (digital currency) approved by the American Securities and Exchange Commission (SEC) in the world. NEXO coin holders, which are a kind of company shares, are given a 30% share of the profits of the Nexo platform, while discounted interest of up to 50% on the crypto money-backed loans they use. Nexo coin is also accepted as collateral for those who want to take out loans on the platform. Other collateral currencies are BTC, ETH, XRP, LTC and BNB.
Crypto assets on the Nexo platform are protected by BitGo and are insured by two world-renowned insurance companies, Lloyd’s and Goldman Sachs.
With a total supply of 1 billion units, NEXO coin circulates in the market with 560 million units, their total market value equal to 1.21 Billion USD. After the entire supply is completed, there is a total value potential of $2.17 Billion. NEXO coin ranks 58th in the cryptocurrency market in terms of value, and 1 NEXO is equal to 2.17 USD. The NEXO coin had seen its highest point in February 2021 at $2.49. While Nexo Coin (NEXO) is not listed on Turkish stock exchanges, it can be traded abroad from major exchanges such as Binance DEX, Uniswap, Hotbit, 1inch Exchange, Huobi Global.