what's nexo?
Nexo is a PayFi (payment-focused) cryptocurrency platform offering loyalty tiers, instant swaps, and high-yield earn products. The project is actively expanding into sports partnerships, notably through a significant collaboration with the DP World Tour, offering crypto-based prize money including a $50,000 NEXO token reward for golf course records. The platform appears to be positioning itself for US market re-entry and is focusing on bridging traditional sports with cryptocurrency rewards. Recent performance shows steady growth with +2.1% over 7 days, and the project is listed on major exchanges like Kraken.
Nexo launched zero-interest BTC/ETH loans, settled via stablecoins or collateral at maturity.
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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.