NEXO (NEXO) Price Today, Live Chart & History

NEXO
NEXO
Buy NEXO
Sell NEXO
$ 0.848335
0.00001155 BTC
Marketcap
$ 848,335,069
Volume (24h)
$ 7,110,345
Circulating Supply
1,000,000,000 NEXO
Total Supply
1,000,000,000 NEXO

 

NEXO (NEXO) Price Chart

Explore the NEXO (NEXO) live price chart for in-depth insights into its market performance.

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NEXO (NEXO) Price History

Delve into the NEXO (NEXO) price history to understand its long-term value trends.

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Historical Price for NEXO
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NEXO (NEXO) to USD Converter

Use our NEXO to USD converter to seamlessly convert NEXO (NEXO) for accurate financial planning.

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What is NEXO?

Nexo (NEXO) is an ERC-20 compliant token on the Ethereum network that has successfully completed its ICO on April 2018 with $52.50 million raised. It currently holds a market cap of $57.30 million at the time of writing this. It is powered by Credissimo — a European FinTech group established in 2007 that offers online consumer lending solutions.

Nexo positions itself as the world's first instant crypto-backed loans provider. Users are able to receive loans in fiat currency instantly by acing their crypto-assets in their Nexo Overdraft wallet. The market value of the digital assets in the wallet determines their overdraft limit (updated in real-time based on multiple exchanges). This allows the user to avoid exchange and withdrawal fees, as well as capital gain tax associated with short-term liquidation of their digital assets for fiat currency. Any market appreciation of the assets' value will not be lost to them either as these are returned upon repayment of the loan.

The core team behind Nexo includes Credissimo co-founder Kosta Kantchev, and it has Techcrunch founder Michael Arrington and Polymath CEO Trevor Koverko serving as advisors. Nexo is partnered with BitGo for crypto-asset security, and uses Onfido for KYC and AML compliance.

While NEXO offers many opportunities for investment and transactions, there are many other cryptocurrencies available that could align more closely with your specific needs. Whether you’re looking to diversify your portfolio or just getting started, we encourage you to check out our guide on the best crypto to buy now.

Additionally, to enhance your cryptocurrency management experience, consider reading our guides on the best crypto wallet and the best crypto app.

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