Loading...
Currently trading at $ 0.9044 , which has fallen by -2.35% over the last 24 hours . Market capitalization is $584.4M (market down -2.35% in 24h) . 24h volume: $8.9M. Circulating supply: 646,145,840 NEXO. Hourly change: -0.12%. Weekly change: +0.37%.
| Date | Price | % Change |
|---|---|---|
| Now | $ 0.9044 | - |
| 1 Hour | $ 0.9033 | -0.12% |
| 1 day | $ 0.8832 | -2.35% |
| 7 days | $ 0.9078 | +0.37% |
| 30 days | $ 0.9150 | +1.17% |
| 60 days | $ 0.8263 | -8.64% |
| 90 days | $ 0.9079 | +0.39% |
| Rank | #88 |
| Price | $0.90 |
| Market Cap | $584.4M |
| Trading Volume (24h) | $8.9M |
Nexo is ranked #88 based on its market cap of $584,381,687.00. NEXO is trading at $0.90 where the total trading volume in the last 24h was $8,893,580.00.
Nexo is a cryptocurrency lending platform that allows users to borrow and lend cryptocurrencies using their crypto assets as collateral. The platform was launched in 2018 and has since become one of the leading crypto lending platforms in the industry.
The Nexo platform operates on a proprietary technology that allows for instant and automated lending and borrowing of cryptocurrencies. Users can deposit their crypto assets onto the platform, and use them as collateral to borrow fiat currency or other cryptocurrencies. Users can also earn interest on their deposited assets by lending them out to other borrowers.
One of the main benefits of the Nexo platform is that it allows users to access liquidity without having to sell their crypto assets. This can be particularly useful for users who want to hold onto their cryptocurrency investments, but also need access to cash for personal or business expenses. By using their crypto assets as collateral, users can borrow fiat currency or other cryptocurrencies without having to sell their assets.
The Nexo platform also offers several other benefits, including low interest rates and no credit checks. Because the platform uses crypto assets as collateral, it can offer lower interest rates compared to traditional loans. Additionally, because the platform does not perform credit checks on borrowers, it can provide access to liquidity for users who may not be able to qualify for traditional loans.
Another benefit of the Nexo platform is that it is designed to be secure and transparent. The platform uses advanced security measures, such as multi-signature wallets and cold storage, to protect user assets. Additionally, the platform provides users with real-time tracking of their assets and transactions, allowing for greater transparency and control over their investments.
However, the Nexo platform is not without its challenges. One of the biggest challenges is the volatility of cryptocurrency markets, which can affect the value of users' collateral and their ability to repay loans. Additionally, the platform faces competition from other crypto lending platforms, such as BlockFi and Celsius, which offer similar services.
In conclusion, Nexo is a cryptocurrency lending platform that allows users to borrow and lend cryptocurrencies using their crypto assets as collateral. The platform offers several benefits, including access to liquidity without having to sell crypto assets, low interest rates, and no credit checks. The platform is designed to be secure and transparent, but faces challenges related to the volatility of cryptocurrency markets and competition from other crypto lending platforms.
![BitTorrent [New] logo](/static/assets/coins/bittorrent-new-logo-150.png?v=13 "BitTorrent [New] logo"){kind=logo}
![Stratis [Old] logo](/static/assets/coins/stratis-logo-150.png?v=13 "Stratis [Old] logo"){kind=logo}
by Coinando
A smarter way to master crypto
Build a deeper understanding of crypto — from fundamentals to advanced topics.
Join Early AccessExclusive for Coinando users
Sign up for our weekly newsletter to get the latest on all deals. Don't miss out!