With $4 billion in assets under management, Nexo Wallet Review is the world’s biggest regulated financial institution for digital assets. The Nexo Wallet’s mission is to maximize the value and utility of cryptocurrencies by providing tax-efficient Instant Crypto Credit LinesTM, a high-yield Earn on Crypto & Fiat suite, and sophisticated trading and OTC capabilities, all while maintaining the Nexo Wallet’s top-tier custodial insurance and military-grade security. Nexo has handled more than $5 billion for over 1,000,000 customers in over 200 countries.
Nexo is the world’s largest and most reputable digital finance lending organization. Nexo is dedicated to resolving inefficiencies in the loan markets by developing creative, practical, and long-term solutions.
Nexo has been working to offer professional financial services to the realm of digital assets since 2018. Nexo allows thousands of individuals to harness the value behind their crypto assets, building a new, better financial system, by combining the best of the team’s years of expertise in FinTech with the power of blockchain technology.
Nexo now handles assets for over 1,500,000 members in 200 countries. Nexo, the largest regulated financial institution for digital assets manages more than $4 billion in assets. It just announced the debut of Nexo Exchange, an in-app currency exchange. Nexo diversifies its offering with their unique swap solution, getting closer to providing a comprehensive retail banking suite.
The Nexo Exchange offers no-limits instant conversions between more than 75 crypto and fiat currency pairings straight from the Nexo mobile app, ensuring best-price swaps owing to its ‘Smart Routing’ technology. This technology, developed in-house, connects to many exchanges at the same time and divides orders based on price per volume to offer a fixed quotation upon order submission, avoiding price volatility that occur with conventional exchange services.
In-app Cryptocurrency Exchange Service by Nexo
The new Exchange also gives newbies to crypto an on-ramp to the market, as well as facilitating access to the company’s native NEXO Token, which eliminates the need for third-party services for its acquisition and trading. As a result, it is critical to Nexo’s continuing tokenomics makeover Nexonomics, which pushes for wider crypto usage and supports the long-term growth of a healthy token and digital economy.
“Beyond becoming a substantial addition to our line-up in and of itself, the Exchange helps to the efficiency and flexibility of our existing services and enhances the usefulness, liquidity, and growth potential of the NEXO Token,” said Trenchev, the founder of Nexo. He continued- ‘’ Nexo’s holistic business philosophy – developing not just solutions, but a full and sustainable digital asset management ecosystem available to everybody – is shown by this new tool, which complements our overall portfolio.’’
Nexo’s offering has evolved into full-suite retail banking services for digital assets, bolstering the NEXO Token’s economy. The Exchange is the latest in a series of product launches, upgrades, and announcements that have shaped Nexo’s offering into full-suite retail banking services for digital assets and strengthened the NEXO Token’s economy. Higher rates, the Earn in NEXO opt-in, a $12 million repurchase program, and a new Loyalty system were all launched in the third quarter of 2020. The introduction of the much-anticipated Nexo crypto credit card, as well as enhancements to the Nexo platform, are all planned for the first half of 2021.