What is Nexo (NEXO)? | Nexo Crypto Explained in Under 60 Seconds

The Nexo Platform is a blockchain-based platform that provides instant crypto-backed loans and financial services for the digital finance industry. The Nexo native token NEXO is the first compliant token, and is backed by the underlying assets of Nexo’s loan portfolio. Holders receive benefits such as discounts & dividends.

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Nexo’s automated lending process provides instant crypto-backed loans. Users can deposit an accepted token as collateral in exchange for a loan in the form of stablecoins or fiat currency.

The Nexo card allows users to get instant access to their credit line from anywhere. Users can spend the value of their digital assets without selling them, and earn 2% cashback on all transactions.

Users can earn up to 12% interest on various cryptocurrencies and stablecoins in their Nexo account, which is paid out daily. Assets can be added or withdrawn at any time.

The Nexo Exchange uses a Smart Routing System to connect multiple exchanges and find the best market price available. Instantly swap between 100+ crypto & fiat pairs.

WEBSITE: https://nexo.io/