NEXO Token Explained | 2 Minute Crypto

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Nexo is a lending platform for cryptocurrencies. Lenders can lend their digital assets such as Bitcoin, Tether, USDC, and more for interest. Borrowers can collaterize their digital assets in order to take a loan. It currently supports over 40 currencies and has been operating since 2018.

The NEXO Token is the key player inside Nexo's ecosystem. If you are a borrower or lender, holding NEXO Tokens entitle you to much more competitive rates. As a holder you also earn interest on your NEXO Tokens, get free crypto withdrawals, and receive instant cashback on your transactions on the Nexo Exchange.

You can trade NEXO on Binance, Huobi Global, and HitBTC.

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