Nexo sets crypto-lending benchmark

Digital assets specialist Nexo has stepped up its crypto-lending offering by adding bitcoin (BTC) and ethereum (ETH) to its new Earn on Crypto product, enabling users to earn up to 10 per cent interest on digital assets.

“Building sustainable business models that thrive in any market environment has always been part of Nexo’s DNA. For our new Earn on Crypto product, we have developed unrivaled proprietary solutions to capitalise on inefficiencies via market-neutral strategies, while maintaining asset protection,” says Antoni Trenchev, Managing Partner of Nexo.

Nexo says its Earn on Crypto product is the most competitive in the market. It provides users with superior yields on their crypto wealth as interest is paid daily, compared to other offers that usually pay out interest weekly and monthly.

Users can earn up to 5 per cent interest on BTC, ETH, XRP, XLM, LTC, BCH, EOS, and up to 10 per cent on USD, GBP, EUR and Stablecoins.

“We take user funds very seriously and consider our customers’ trust our most valuable commodity, so we’re pleased to share that their assets benefit from our military-grade, ISO/IEC 27001:2013-certified security infrastructure,” says Trenchev.

Additional features include full flexibility with no lock-ups, no limits on how much crypto is deposited, and peace of mind that all funds are asset-backed by Nexo’s growing portfolio of over-collateralised Instant Crypto Credit Lines.

Nexo’s transaction volume has doubled since last year to surpass USD3 billion, and its user base to 800,000.