NEXO Nexo Prices, Charts and Graphs | Coinread
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NexoNEXO#68

$2.51
8.17% ($0.19, 24H)
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  • Market Cap$1,407,910,619
  • Volume (24H)$424,078.39
  • Circulating Supply560,000,011
  • Max Supply1,000,000,000
  • High (24H)$2.53
  • Low (24H)$2.26
  • Change (1H)0.73%
  • Change (7D)40.58%
  • Change (1M)63.61%
  • Change (1Y)1,630.10%

The core activity of Nexo (NEXO), and its native NEXO token, is to provide instant cryptocurrency-backed loans. Seeking to make the acquisition of crypto-loans easier than ever before, the Nexo Platform allows its users to secure liquidity in a quick and flexible manner. Cutting out the need for credit score checkups, users simply deposit supported crypto tokens into their Nexo wallet and receive a cash-based loan. This in turn provides an added bonus, in that the user’s liquidity is backed by means of their digital assets; what’s more, repayments can be made at any time. Transparency is at the heart of Nexo’s project, and loan contracts are stored on the blockchain so they can be reviewed as desired. Although Nexo launched in 2017, the platform is the product of years of experience and knowledge, developed by the Credissimo Group: a European FinTech company launched in 2007.

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