Nexo (NEXO) is a digital asset platform designed to enhance the value and functionality of cryptocurrencies by offering a range of financial services. These include trading solutions, liquidity aggregation, and tax-efficient asset-backed credit lines. The NEXO Token, an ERC-20 token built on the Ethereum blockchain, serves as the native currency of the platform. Holding NEXO tokens grants users access to Nexo’s Loyalty Program, offering benefits like lower borrowing rates, cash-back rewards, free withdrawals, and higher yield rates on interest-earning products. Nexo has a fixed supply of 1 billion tokens, with a portion actively circulating.

Nexo offers a platform where users can secure loans in over 40 fiat currencies or stablecoins by using their digital assets as collateral. This approach eliminates the need for intermediaries, streamlining the borrowing process. The platform also features an Earn Interest product that provides daily payouts, compounding interest, and flexible yield options, all with zero fees on deposits, withdrawals, and top-ups. For trading, Nexo Pro grants users access to over 400 market pairs, catering to both novice and experienced traders looking for diversified investment opportunities.

Nexo provides a comprehensive solution for digital asset management, including Instant Crypto Credit Lines that allow users to borrow against their cryptocurrency without selling it. The platform also enables users to swap cryptocurrencies while earning interest, optimizing their portfolios for better performance. The Nexo Card, developed in partnership with Mastercard, lets users spend the fiat value of their crypto holdings without liquidating assets. Nexo Prime offers institutional, corporate, and high-net-worth clients the tools needed to trade, borrow, lend, and securely store digital assets, expanding the platform’s reach into professional financial services.

Nexo was founded in late 2018 by Kosta Kantchev, Antoni Trenchev, and Kalin Metodiev, professionals with backgrounds in finance and blockchain technology. The company launched after a private token sale that raised $52.5 million. Since its inception, Nexo has processed over $130 billion in transactions for more than 5 million users across 200+ jurisdictions. In early 2022, the company introduced Nexo Ventures, its investment division, which now includes over 60 portfolio companies. Nexo has consistently maintained a strong track record of safeguarding client funds while expanding its range of financial services in the digital asset space.

We update our Nexo to USD currency in real-time. Get the live price of Nexo on Coinbase.

The current market cap of Nexo is $744.66M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Nexo is $4.05. This all-time high is highest price paid for Nexo since it was launched.

Over the last 24 hours, the trading volume of Nexo is $8.51M.

Assets that have a similar market cap to Nexo include Curve DAO Token, Aave CRV V2, Aerodrome Finance, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Nexo is 646 million.