Nexo is one of the leading centralized cryptocurrency lending and borrowing platform. The company claims to be the most regulated cryptocurrency exchange platform. The Nexo recently acquired a stake in a US bank and started a buyback program for its platformās native token, NEXO. Nexo has been able to stay away from rumours during the post-Luna crash turbulent times.
With a total market cap of over $395 million, Nexo is the No. 104 cryptocurrency by market size. The currency symbol for Nexo is NEXO and it originated in Switzerland. Nexo is the token issued by the Nexo platform. There will only ever be 1 billion Nexo tokens issued. So far 560 million tokens (56% of the total supply) have been issued.
We found crypto protocols offering up to 12% APY on Nexo deposits (12% APY CeFi, 6.9% APY DeFi) and loans as low as 6.9% APR against Nexo used as collateral. Check out our Nexo staking yields table and Nexo loan rates table for further details.
The technical price analysis for Nexo below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Nexo.
QIs it possible to stake Nexo to generate passive income?
AYes, staking is available for Nexo on a number of platforms. For a full list of Nexo staking yields see our list of Nexo staking yields.
QHow much can I earn staking Nexo?
AYou can earn up to 12% APY by staking your Nexo tokens. Check out our Nexo staking yields table for further details.
QWhere is the best place to stake Nexo?
ARight now the best staking rates are on Nexo with an income rate of up to 12% APY.
QWhat is the difference between CeFi and DeFi staking rates for Nexo?
AThe best CeFi staking rate that we could find for Nexo is on Nexo with an income rate of up to 12% APY and the best DeFi staking rate is on Uniswap with an income rate of up to 6.9% APY.
QIs it a good time to buy Nexo?
AYou can check the technical indicators for Nexo on the Nexo Price Trend tab. These indicators are based on the analysis of multiple trading signals for Nexo.
QWhere is the best place to buy Nexo?
AYou can find the cheapest exchange on which to buy Nexo on the Nexo Buy tab.
QCan you get a Nexo loan without collateral?
AAlmost all Nexo loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is Nexo flash loans which allow you to borrow uncollateralised Nexo for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all Nexo loans on the Nexo Loans tab.
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