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Nexo launches its new OTC Trading, Borrowing and Lending Desk

By Rafał - 2019-07-03

Since its arrival on the crypto market in early 2018, Nexo thrived to stay on top on what users need and became a strong leader in the financial sector related to crypto currencies. While trying to offers a wide range of solutions for its community to ensure the best user experience, Nexo Team just announced the launch of Over-the-Counter (OTC) Trading, Borrowing and Lending Desk.

OTC definition

In a nutshell, Over-the-counter (OTC) or off-exchange trading is an operation done directly between two parties, without the supervision of an exchange. It is contrasted with exchange trading, which occurs via exchanges. A standard crypto exchange has the benefit of facilitating liquidity, providing transparency, and maintaining the current market price. However, the lack of regulation towards crypto exchanges brought a major drawback with trust. Nexo’s solution offers a safe and secured way to trade your assets and increase overall investor’s confidence.

OTC program detailed

- OTC services: Trading, Lending, Borrowing
- Fiat currencies: USD, EUR, GBP
- Crypto assets: BTC, ETH, XRP, LTC, BNB, NEXO, XLM
- Stablecoins: USDT, TUSD, USDC, PAX, DAI
- Insurance: $100 million provided by BitGo through Lloyd’s of London
- Minimum transaction: 100,000 Dollars
- KYC requirements: Nexo Wallet with ‘Advanced Verification’ level
The OTC Desk offers 1-on-1 service and will further enhance existing Nexo’s product offering in addition to the signature automated Instant Crypto Credit Lines™ and Earn 8% Interest accounts. This newest solution will be improved with the evolution of the existing Nexo services.
You can find more information on the loans here: https://medium.com/nexo/getting-your-nexo-loan-in-three-easy-steps-f0d4bec5c7ea
In order to realize an OTC transaction, users must submit their OTC transaction requests (min. $100,000) to otc@nexo.io.
Official Links :
Telegram : https://t.me/nexofinance
Twitter : https://twitter.com/NexoFinance
Reddit : https://www.reddit.com/r/nexo/
Website : https://nexo.io/