Nexo is a decentralized lending protocol launched in 2018. Powered by blockchain technology, it aims to bring professional-grade financial services to the digital assets space. Its ecosystem is designed for different kinds of market participants, offering tools that support buying, selling, trading, and borrowing cryptocurrencies. Notably, it uses blockchain-based mechanisms to tackle challenges seen in lending markets through its own solutions.

The maximum supply of NEXO is 1,000,000,000.

What are Nexo’s key features and how does it work?

Within the Nexo ecosystem, users can access multiple products. Nexo Exchange is a central component, built up over time, enabling users to trade, buy, sell, and exchange tokens with speed and low fees.

There are also Instant Crypto Credit Lines. With this option, users can borrow from $50-$2M in cash or stablecoins by pledging crypto as collateral. The APR rate is determined by a user's Loyalty tier and the amount of NEXO they hold.

NFTs may be used as collateral as well, letting users borrow stablecoins or other crypto assets. Borrowing is available up to 20% of an NFT’s value.

Nexo Prime is designed for institutional users. It offers capabilities for trading, holding, borrowing, and lending digital assets, including spot trading, cross-margin trading, and OTC options. Key elements include deep liquidity pools, low-cost execution for large transactions, an insurance fund, and institution-level custody of funds.

What is noteworthy about Nexo?

Nexo also operates an investment arm called Nexo Ventures. It invests in early-stage blockchain projects that contribute to Web3 development and broader adoption of crypto assets.

Where can you buy NEXO?

NEXO can be traded on the CEXs and DEXs listed here. The most widely used platforms with the highest liquidity include Binance, MEXC Global, Uniswap V3, and Probit. NEXO’s price can change based on the exchange selected and prevailing market conditions. For current and historical market pricing, check the price charts on this page.