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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 platform’s 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 $421 million, Nexo is the No. 94 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 savings accounts offering up to 12% APR on Nexo deposits 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.
Based on a total of 1,240 reviews across the web for Nexo we gave the cryptocurrency an overall rating of 78%.
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