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Nexo has announced a zero-interest credit offering that allows users to borrow against their BTC, ETH, SOL, or XRP holdings at 0% APR, with no fees and no liquidation risk during the term.
Nexo has introduced a zero-interest credit product that enables users to borrow funds using their BTC, ETH, SOL, or XRP holdings as collateral. According to the announcement, the credit is offered at 0% APR with no fees, and users do not face liquidation risk during the term of the loan.
No additional details about the specific terms, eligibility criteria, or duration of the offer were provided in the post.
Nexo is a cryptocurrency platform established in 2018 that combines digital asset management, custody, exchange, and lending within a single application. The platform provides features such as crypto-backed credit lines, competitive yield options on digital assets, an integrated wallet, Nexo Card for crypto-backed transactions, and a tiered loyalty program, as well as support for both cryptocurrencies and fiat transfers. For more detailed information and broker analysis, refer to the broker profile on Traders Union.
For more background, the previous Nexo update highlighted the broker hosting a guest observer group during Day 2 of the Genesis Scottish Open. You can read the full details in the previous Nexo update on Traders Union.