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Nexo updates Zero-interest Credit requirements with new lower thresholds
Nexo has lowered the minimum amount required to access its Zero-interest Credit product, now allowing users to borrow against crypto holdings starting from 0.01 BTC or 0.2 ETH, down from the previous thresholds of 0.1 BTC or 1 ETH. Geo-restrictions apply.
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Nexo announced a reduction in the minimum collateral required to access its Zero-interest Credit product. Users can now borrow against their cryptocurrency holdings starting from 0.01 BTC or 0.2 ETH, compared to the previous thresholds of 0.1 BTC and 1 ETH. According to the announcement, borrowers are able to obtain credit at zero interest without selling their crypto assets. Geographic restrictions are in place, but no further operational details were provided in the post.
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Nexo is a cryptocurrency exchange and financial platform integrating digital asset custody, exchange, and lending services within a single ecosystem. Key features include crypto-backed credit lines, flexible and fixed-term savings with daily interest accruals, an integrated wallet, Nexo Card functionality, tiered loyalty programs, and mobile access, with support for both cryptocurrencies and fiat transfers. For more information on Nexo’s offerings, visit the broker profile on Traders Union: broker profile on Traders Union.
In the previous Nexo update on Traders Union, we reported on the launch of ADA Flexible Savings and borrowing options, enabling users to earn interest on Cardano tokens or use them as collateral. For more details on these features, see the previous Nexo update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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