Nexo is a popular cryptocurrency platform that offers various financial services. If you’re interested in learning more about Nexo and its native token NEXO, here are 10 important things you should know.
1. What is Nexo?
Nexo is a cryptocurrency lending and borrowing platform founded in 2018. It allows users to earn interest on their crypto assets, take out crypto-backed loans, and access other financial services. Nexo aims to bridge the gap between traditional finance and the crypto world.
The platform was created by a team with experience in online consumer lending dating back to 2007. Nexo is based in Zug, Switzerland, which is known as “Crypto Valley” due to its crypto-friendly regulations.
2. The NEXO Token
NEXO is the native cryptocurrency token of the Nexo platform. It was initially distributed through an airdrop and ICO (Initial Coin Offering) in 2018. The token serves several purposes within the Nexo ecosystem:
- Earning higher interest rates on crypto deposits
- Getting discounts on loan interest rates
- Receiving dividends from Nexo’s profits (this was discontinued in 2021)
- Accessing better loyalty tiers and perks
As of February 2025, NEXO has a total supply of 1 billion tokens, with about 560 million in circulation.
3. How Nexo Works
Nexo’s main services revolve around crypto lending and borrowing:
- Earn: Users can deposit cryptocurrencies and stablecoins to earn interest, with rates up to 16% for some assets.
- Borrow: Users can get instant crypto-backed loans without selling their digital assets.
- Exchange: The platform allows users to buy, sell, and swap various cryptocurrencies.
- Card: Nexo offers a crypto-backed card that lets users spend their crypto assets.
Nexo uses advanced security measures and insurance to protect user funds. The platform is known for its user-friendly interface and quick loan approval process.
4. Nexo Card
One of Nexo’s standout features is the Nexo Card. Launched in partnership with Mastercard, it’s the first dual-mode crypto card that allows users to switch between Debit and Credit modes.
In Debit mode, users can spend their crypto directly while earning interest. In Credit mode, users can borrow against their crypto without selling it, and earn cashback on purchases.
The Nexo Card has seen impressive growth, with a 200% increase in first-time users and a 96% surge in transactions from 2023 to 2024.
5. Nexo’s Market Position
As of February 2025, Nexo (NEXO) ranks around the 80th to 100th largest cryptocurrency by market cap. Its exact position can change quickly due to market volatility.
The platform has over 5 million users in more than 200 countries. Nexo manages over $11 billion in assets and has processed over $320 billion in transactions.
6. Price and Performance
Like many cryptocurrencies, NEXO’s price can be quite volatile. As of February 2025, NEXO is trading around $1.30 to $1.50. Here are some key stats:
- All-time high: The token’s highest price was reached during the 2021 bull market.
- Recent performance: NEXO has shown strong growth potential, with increases of 11-17% over recent months.
- Future predictions: Some analysts predict NEXO could reach $1.50 to $2.00 by the end of 2025, though these are speculative estimates.
Remember, cryptocurrency prices are highly unpredictable and can change rapidly.
7. Regulatory Challenges
Nexo has faced some regulatory challenges, particularly in the United States. In 2022, the company agreed to pay $45 million to settle charges with U.S. regulators over its Earn Interest Product. As a result, Nexo stopped offering this product in the U.S. and began winding down its operations there.
Despite these challenges, Nexo continues to operate in many countries worldwide and is working to ensure compliance with evolving crypto regulations.
8. Nexo Pro and Advanced Features
For more experienced users, Nexo offers Nexo Pro, an advanced trading platform. It provides:
- Deep liquidity for precise trading
- Low fees (0.40% for takers, 0.30% for makers)
- Over 500 trading pairs
Nexo also offers features like:
- Nexo Booster: Allows trading with up to 3x leverage
- Liquid ETH staking: Users can stake ETH and receive a liquid token (nETH) in return
9. Nexo’s Future Plans
Nexo has ambitious plans for the future. These include:
- Global expansion of the Nexo Card by 2025
- Introducing new features like cashback in Debit mode
- Enhancing crypto-to-fiat conversion
- Implementing AI-driven spending insights
The company aims to continue bridging the gap between traditional finance and crypto, making digital assets more accessible and useful in everyday life.
10. Risks and Considerations
While Nexo offers attractive services, it’s important to understand the risks:
- Cryptocurrency volatility: The value of crypto assets can change dramatically in short periods.
- Regulatory uncertainty: Crypto regulations are still evolving in many countries.
- Platform risk: Like any centralized platform, Nexo could potentially face technical issues or security breaches.
- Market competition: The crypto lending space is becoming increasingly competitive.
Before using Nexo or investing in NEXO tokens, it’s crucial to do your own research and understand these risks.
