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Nexo launches zero-interest borrowing against crypto collateral
Nexo announced a zero-interest credit offering that allows users to borrow against their BTC or ETH holdings while retaining their crypto investments. The service is subject to geographic restrictions.
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Nexo has introduced a zero-interest credit offering that enables users to borrow funds by using their BTC or ETH holdings as collateral. According to the announcement, users may choose their preferred loan term, access liquidity, and retain their cryptocurrency investments until settlement. The service is subject to geographic restrictions, and no further details regarding terms or availability were provided in the announcement.
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Nexo is a cryptocurrency exchange and financial platform that integrates custody, exchange, and lending services into a single application, supporting a wide range of digital assets and fiat currencies. The platform offers features such as crypto-backed credit lines, flexible and fixed-term savings with variable interest rates, an integrated digital wallet, and a crypto-linked credit card. More details about its instruments, account terms, and regulatory status can be found in the broker profile on Traders Union.
In the previous Nexo update on Traders Union, it was announced that the NEXO Token would launch for trading on Kraken starting October 22. To learn more, read 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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