Nexo Price (NEXO)

Nexo (NEXO) is a digital asset institution that strives to enhance the value and utility of digital assets. It provides a suite of products that includes trading solutions, liquidity aggregation from various venues, and tax-efficient asset-backed credit lines. The NEXO Token, an ERC-20, Ethereum-based token, is the platform's native currency. This token grants holders access to tiers in Nexo's Loyalty Program and brings a number of advantages, including preferential borrowing rates, cash-back, free withdrawals, and improved yield rates. Nexo has a fixed supply of 1 billion tokens, with a portion currently in circulation.

Nexo operates by offering its users a platform where they can obtain loans in over 40 fiat currencies or stablecoins by providing digital assets as collateral. This eliminates the need for third-party facilitators, making the process efficient. Nexo also offers daily payouts, compounding interest, and flexible yields on its Earn Interest product with a zero-fee policy on deposits, withdrawals, and top-ups. Additionally, Nexo Pro, the company's trading platform, provides access to over 400 market pairs for both beginners and experienced traders.

Nexo aims to provide a solution for digital asset management. Its Instant Crypto Credit Lines offer flexibility and ease-of-use for cryptocurrency holders who need extra funds. The platform also allows users to swap cryptocurrencies earning interest for higher-performing assets. Furthermore, the Nexo Card, launched in partnership with Mastercard, enables clients to spend the fiat value of their cryptocurrency holdings without selling them. Nexo Prime, the proprietary prime brokerage of Nexo, delivers all the necessary tools for institutional, corporate, and high-net worth investors to trade, borrow, lend, and securely store their digital assets.

Nexo was established in late 2018 by a team of finance professionals, including Kosta Kantchev, Antoni Trenchev, and Kalin Metodiev. The company was launched following a private token sale, raising $52.5 million. Since its inception, Nexo has processed over $130 billion for more than 5 million users across more than 200 jurisdictions. In early 2022, Nexo launched its investment arm, Nexo Ventures, which now boasts over 60 portfolio companies. The company has a track record and has a history of safeguarding client funds since it began operations in 2018.

We update our Nexo to USD currency in real-time. Get the live price of Nexo on Coinbase.

The current market cap of Nexo is $884.86M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Nexo is $4.05. This all-time high is highest price paid for Nexo since it was launched.

Over the last 24 hours, the trading volume of Nexo is $12.87M.

Assets that have a similar market cap to Nexo include Venus BNB, Aave ENS V2, Frax Share, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Nexo is 646 million.