NEXO
NEXO Rank #83
DeFiLending
₹84.98
▲ 2.10%
24h
Market Cap
₹84,980,000,000
24h Volume
₹501,228
All-Time High
₹389.05
All-Time Low
₹4.32
Circ. Supply
1,000,000,000
of 1,000,000,000 max
Fully Diluted
₹84,980,000,000
Price Chart
24h Price Range
INR
₹80.78
₹88.57
Overview
About NEXO
NEXO is the native token of the Nexo crypto lending and borrowing platform, offering discounted loan rates, higher yields, and other perks to holders who stake it on the platform.
Nexo was founded in 2018 by Antoni Trenchev, Kosta Kantchev, and Georgi Shulev, part of the Credissimo fintech group in Bulgaria, offering crypto-backed lending and interest accounts. It became one of the larger centralized crypto lending platforms before regulatory pressure led it to scale back some products in various markets.
Nexo lets users deposit crypto as collateral to borrow cash or stablecoins without selling their holdings, and separately offers yield on deposited assets. The platform also issues a crypto-backed Nexo Card, letting users spend against their holdings, and operates in various jurisdictions under evolving regulatory frameworks.
Holding NEXO tokens unlocks higher interest rates on deposits, lower borrowing rates, and cashback on the Nexo Card, with benefits scaling by loyalty tier. The token also participates in the platform's dividend program, tying its value to Nexo's lending business performance.
Key Facts
Market Rank#83
Max Supply1,000,000,000
Circulating1,000,000,000 NEXO
SymbolNEXO
