Nexo Details

About Nexo

Nexo offers financial products for cryptocurrency holders. The company services customers worldwide with interest-earning accounts and low-cost loans backed by crypto.

Crypto Interest Provider Nexo
TypeFinancial service
Interest
Earning Start: Immediately after deposit
Guarantee Period: No guarantee
Payed As: Same as deposit
Payout Interval: Daily
Compounded: Yes
DecentralizedNo
Lock-up PeriodNo Lock-up. Can be withdrawn anytime.
ProcedureCrypto is sent to provider which uses BitGo as custody. Provider lends crypto in the next step to customers which take a loan.
Token
Name: Nexo
Utilities: No utility for interest earning
CompanyOperating since 2018. Registered in Switzerland.
Currencies offered by Nexo
TUSD (TrueUSD) 7.70% 1
PAX (Paxos Standard Token) 7.70% 1
USDC (USD Coin) 7.70% 1
DAI (Dai) 7.70% 1
USDT (Tether) 7.70% 1
EUR (Euro) 7.70% 1
USD (US Dollar) 7.70% 1
GBP (Pound Sterling) 7.70% 1
1: Real APR may vary. Service fees are already deducted.
2: Better rates available under specific conditions.