Nexo Price NEXO

Nexo delivers the World’s First Instant Crypto-backed Loans, thus resolving a crucial inefficiency for the crypto world. Up to this very moment, no alternatives existed for digital asset owners to enjoy their crypto wealth except selling them. The innovative model of Nexo brings to the crypto community the best of both worlds - retaining 100% ownership of their digital assets while having immediate access to cash. The Instant Cryptobacked Loans are an automatic, flexible and cost-efficient way of obtaining liquidity that is secured by the value of the client’s digital assets. The whole process is completed in just a few simple clicks. No hidden fees, no capital gains taxes, no credit checks. Transparency is guaranteed through the use of blockchain technology, smart contracts and algorithmic processes executed by the Nexo Oracle. The Nexo platform is live and is delivering millions of dollars worth of loans to thousands of clients in EUR, USD, and Tether (USDT). Current collateral options include BTC, ETH, NEXO Tokens and the BNB Coin. No less than 10 new collateral options will be chosen by the crypto community to be added by the end of 2018.