what's Nexo?
Nexo is a cryptocurrency platform offering lending and borrowing services. Users can deposit digital assets such as Bitcoin, Tether, and USDC to earn interest, or use them as collateral to access loans in fiat or stablecoins. The platform supports over 40 cryptocurrencies and emphasizes security through real-time audits of custodial assets, ensuring liquidity exceeds liabilities. The native $NEXO token integrates deeply into the ecosystem, providing holders with benefits like boosted interest rates on earnings, reduced borrowing costs, increased swap rewards, and cashback on purchases via the Nexo Card. It enables dual-mode spending (debit/credit) without selling assets and supports features like zero-interest credit lines with predefined terms.
Nexo recorded $30B stablecoin inflows for lending solutions and an Audi Formula 1 team sponsorship.
Achieved a risk score of 0.87 in the crypto lending sector, indicating approximately 55-70% lower relative leverage exposure compared to platforms with ratios between 2 and 3.
Led top movers with a 7% price increase on February 17, 2026.
Issued $863M in credit with over 30% of borrowers repaying, as cumulative credit withdrawals reached an all-time high.
Over 30% of borrowers return for additional loans, indicating repeat usage of the lending service.
Recorded approximately $10.9 million in daily trading volume in recent days, the highest level in the token's history.
Stablecoins' share of borrowing collateral on the platform rose from 1.8% to 3.3% between July 2025 and February 2026.
Recorded $30 billion in stablecoin inflows, indicating rising demand for lending solutions that allow investors to access liquidity against holdings without liquidating positions.
Signed inaugural sponsorship deal with Audi's new Formula 1 team
Launched zero-interest crypto loans for Bitcoin and Ethereum holders, alongside flexible and fixed-term yield programs for US users.
Borrowing activity increased by 155% week-over-week during a recent market drawdown.
Recorded 70,100 on-chain NEXO token transactions in 2025, representing a 91% year-over-year increase in transaction count.
Achieved $297 million in NEXO token transfer volume in 2025.
Nexo secures multi-year sponsorship deal with the Australian Open tennis tournament.
Platform advertises up to 11% yield on USDC with daily payments, flexible auto-compounding terms, and no lockup requirements.
Nexo acquires Buenbit to expand into Latin America's crypto market with a focus on regulated operations.
NEXO places fourth in daily crypto gainers list on 2/12/25 per CoinMarketCap.
Nexo ranks second in the CeFi crypto lending league table at end of Q3 2025, behind Tether and ahead of Galaxy, as the aggregate industry loan book reaches $25 billion outstanding.
Bitcoin share of collateral increased to 56.2% in Q1 2026, up from 54%, maintaining a 54-60% share across recent quarters.
Loan book reaches $2.03B with 69% year-over-year growth; Bitcoin comprises 54% of collateral, altcoins 32%.
Nexo-funded wallets used by K3 curator are locked in bad debt positions on Euler protocol related to deUSD and sdeUSD collateral, with K3 filing lawsuit against Elixir amid broader DeFi contagion from Stream Finance's $93 million loss.
Payment volume on Polygon network reaches $60M last month, up 67% from the previous period.
Job opening posted for Responsible Manager role in Australia for Digital Asset Management Platform.
Regulatory compliance with European DAC8 directive drives community discussions as platform ranks among top trending tokens by social volume.
Currently ranks among top 3 CeFi lenders with market showing 147.5% growth since Q4 2023 low of $7.18B
TON integration launches on Nexo platform with 3.5% annual yield program and credit line access for token holders.
SEC classifies token as security in Coinbase case filing, presenting potential regulatory challenges.
New XRP yield program offers 5% cashback and 12% APR for deposits until August 4, requiring hold until November 3.
Launches landmark partnership with DP World Tour in professional golf sector.
Security firm SlowMist detects suspicious activity, warns users to exercise caution.
Platform announces return to U.S. operations at event featuring Donald Trump Jr.
Reentered US market on February 16, 2026, after exiting in 2022 due to SEC enforcement, offering digital asset services, crypto exchange, digital asset lending, crypto-backed credit lines, interest earning, and trading services.
Platform re-enters US market amid improved regulatory environment and notable endorsement.
Company announces US market re-entry at exclusive event.
Planned US market re-entry following $45M regulatory settlement and two-year absence.
Relaunched US operations, structured through partnerships with licensed providers, providing a U.S.-compliant framework.
Re-entered U.S. market with Bakkt, offering regulated yield, credit lines, and exchange services, managing $11B AUM as of March 2026.
16% USD interest rates raise sustainability concerns, significantly exceeding competitor rates and drawing scrutiny over borrower credibility.
Whale transactions ($100K+) show significant increase over past week, ranking second highest among all tracked projects.