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Nexo is celebrating the 1 million users mark in its ecosystem

By Rafał - 2020-11-03

Nexo has for several years been a key player in the financial sphere of cryptocurrencies or active crypto. Providing users with a currency lending and storage system with a stable annual return for a variety of currencies, Nexo has now established itself as a leader in this market segment. Nexo was launched in 2018 by the company Credissimo with more than 10 years of service, a company renowned in the sector of fintechs and instant loans.

The main vision and use of Nexo is to offer crypto loans instantly, also called crypto-backed loans. In fact, investors are able to use cryptocurrencies as collateral to make a loan, which can last up to 24 months. The process is quick, secure and easy to perform, and in reality, will consist in importing the crypto assets on the platform to be able to obtain a loan in USD or EURO for example. The benefit of this service is that it is instantaneous, funds are transferred immediately to the bank account, with no hidden fees and no capital gains tax at all. The main advantage is therefore to be able to enjoy liquidity without having to resell your cryptocurrencies, this seems very useful if you firmly believe in the increase in the price of cryptocurrencies over the long term. The constant and hard work of the Nexo team made it possible to cross the mark of 1 million registered users, thus rewarding the long-term community vision chosen at the creation of the project.

Thus, Nexo is celebrating today this important date in the history of the project, thus marking the evolution made in recent years both from a technical and financial point of view for investors but also from a community point of view with the ever greater growth of the community.

Nexo's services and all usage information can be found on the official website at https://nexo.io/