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 signed an inaugural sponsorship deal with Audi's new Formula 1 team.
Signed inaugural sponsorship deal with Audi's new Formula 1 team
Launched zero-interest crypto loans for Bitcoin and Ethereum holders through fixed-term borrowing that can be settled using stablecoins or collateral at maturity.
Borrowing activity increased by 155% week-over-week during a recent market drawdown.
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 increases to nearly 60%, up from 54% previously reported, while stablecoin use continues to decline.
Loan book reaches $2.03B with 69% year-over-year growth, with Bitcoin comprising 54% of collateral and altcoins at 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.
Platform announces return to U.S. market after two-year hiatus, citing favorable innovation environment.
Platform re-enters US market amid improved regulatory environment and notable endorsement.
Company announces US market re-entry at exclusive event.
US market re-entry planned following $45M regulatory settlement and two-year absence.
Crypto lender announces return to U.S. market after 2022 exit, signaling regulatory compliance and market expansion.
Major U.S. market re-entry announced with plans to offer crypto savings, credit lines, trading, and liquidity services to retail and institutional clients.
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.