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    $3.128B -0.07%

Nexo celebrates two-year anniversary

By Inkarias - 2020-05-02

Nexо project was founded driven by the true vision shared by the team that Bitcoin’s and blockchain’s potential for positive disruption manifests itself by bringing people financial sovereignty, helping them build better businesses, and ultimately pushing the improvement of the global economy across the entire world. After two years and more than 700,000 official users, Nexo can surely approve that previous goals were attained, and vision completely implemented. In around two years, Nexo has evolved into one of the biggest players in the crypto banking industry and related blockchain services, and, in the last year alone, has seen a huge registration volume grow by more than half a million.

A long success story

During this two-year period, the team has processed $2+ billion in transactions with 94% customer satisfaction rate, a general sentiment increased with the cut in rates for the signature Instant Crypto Credit Lines to only 5.9% APR. In order to diversify the possibilities brought with Nexo services , the team integrated 5 new collateral options for Nexo’s credit lines: Litecoin (LTC), Stellar (XLM), PAX Gold (PAXG), Bitcoin Cash (BCH), EOS (EOS) while expanding the brand across 40+ fiat currencies and 200 jurisdictions.

Technically speaking, Nexo previously implemented zero fees, removing all withdrawal costs for Nexo Wallet transactions and covering blockchain network fees. The native token itself began trading on the Binance chain. In accordance with the strong community vision of Nexo , the community received more than 500,000 NEXO tokens and appeared in more than 80 premium media outlets, including Bloomberg and CNBC. The entire Nexo team is glad for the milestones that were achieved and is looking forward the next years to improve the customer satisfaction to answer the demands of the community.

The information regarding Nexo can be read on the official site at https://nexo.io/