Nexo (NEXO), launched in April 2018, is the native token of the Nexo platform, a centralized crypto wealth management service built on Ethereum. Nexo offers crypto-backed loans, high-yield savings, trading, and a debit/credit card, managing over $7 billion in assets across 200+ jurisdictions. NEXO powers platform benefits, governance, and staking, with a $1.2 billion market cap and a loyalty program rewarding holders with up to 12% annual interest.

Key Features

  • Crypto-Backed Loans: Allows users to borrow fiat or stablecoins against assets like BTC, ETH, and XRP, with rates starting at 2.9%.
  • High-Yield Savings: Offers up to 14% annual interest on assets like USDC and ETH via flexible or fixed-term accounts.
  • Nexo Card: Enables global spending with up to 2% crypto cashback, integrated with 100+ assets.
  • Exchange and Wallet: Supports 300+ trading pairs and secure storage, with instant swaps and free withdrawals for NEXO holders.

NEXO Token

  • Purpose: Used for loyalty benefits, governance, staking, and earning interest or cashback.
  • Supply: Circulating supply of ~1 billion NEXO, with a max supply of 1 billion.
  • Contract Address: 0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206 (Ethereum, addable to MetaMask), coingecko cmc.

Who Are the Founders of Nexo?

Nexo was co-founded by Kosta Kantchev, Antoni Trenchev, and Kalin Metodiev in 2018, raising $52.5 million via a private token sale. The team, with deep finance expertise, built Nexo as an all-in-one crypto platform, with Trenchev frequently featured on Bloomberg and CNBC. The Nexo Foundation supports platform governance and innovation.

What Makes Nexo Unique?

NEXO and the Nexo platform stand out for their integrated crypto services:

  • All-in-One Platform: Combines lending, savings, trading, and payment solutions, with $320 billion processed since 2018.
  • Loyalty Program: NEXO holders unlock higher yields (up to 12%), lower loan rates, and up to 0.5% cashback on swaps.
  • U.S. Return: Re-entered the U.S. market in June 2025 with a compliance-first approach, offering institutional-grade tools.
  • Security: Features robust infrastructure, global licensing, and partnerships with Ledger for secure storage.

Nexo’s PAY360 Awards 2025 finalist status underscores its payment innovation.

NEXO Network Upgrades (2025)

  • U.S. Relaunch (June 2025): Returned to the U.S. with enhanced compliance and tools, offering a 1% BTC match for $5,000+ deposits.
  • Base Network Integration: Added $USDC and $ETH transfers via Base for faster, cheaper transactions.
  • PAY360 Awards Shortlist: Recognized for Best Consumer Payments Programme, boosting credibility.

How Is NEXO Secured?

NEXO and the Nexo platform are secured through:

  • Ethereum PoS: Leverages Ethereum’s proof-of-stake for token security.
  • Platform Security: Employs cold storage, 2FA, and partnerships with Ledger for wallet protection.
  • Governance: NEXO holders influence platform policies, though centralized operations limit decentralization.
  • Audits: Regular security audits ensure platform integrity, with licensing in 200+ jurisdictions.

Conclusion

Nexo (NEXO) powers a premier crypto wealth platform, offering loans, savings, trading, and a card with high-yield benefits. Its U.S. relaunch, robust security, and loyalty program position it as a crypto finance leader.