Nexo is also known as Nexo, NEXO
Nexo is a blockchain-based lending platform that allows users to borrow money using their cryptocurrencies as collateral. Users can deposit various cryptocurrencies and receive loans in stablecoins or fiat currencies based on the deposited value. Nexo offers competitive interest rates for borrowers and lenders and has its native token, NEXO, with benefits for token holders. The platform prioritizes security, complies with regulations, and offers flexibility in loan repayment terms. It is used by individuals and institutions to manage crypto portfolios, access liquidity, and leverage assets.
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