Nexo

What is Nexo?

Nexo is a regulated crypto lending platform. According to the company’s site, it offers instant crypto-backed loans, interest accounts for over 40 cryptocurrencies, and a payment card (the Nexo Card). The platform reports more than 7 million users and over $10 billion in assets under management. Nexo operates under regulatory oversight in multiple jurisdictions, though the specific regulators are not listed in the available documentation. The core service lets users deposit crypto as collateral and borrow against it, or earn interest on idle assets. The platform supports both retail and institutional clients, with a lending model that requires no credit checks because loans are secured by crypto holdings.

Who is Nexo for?

Nexo targets individuals and businesses that already hold cryptocurrency and want to access liquidity without selling their assets. Borrowers can take out loans denominated in stablecoins or fiat currencies, using their crypto as collateral. Lenders or depositors can earn interest on idle crypto, with yields varying by asset. The Nexo Card allows users to spend borrowed funds directly from their credit line. The platform also offers a “Nexo Pro” exchange tier for active traders, though the documentation does not detail the specific differences between tiers. Institutions managing larger portfolios may use the platform’s over-the-counter (OTC) trading and custody services, but fee structures for these are not publicly itemized.

How much does Nexo cost?

Nexo operates on a freemium model. The basic account is free to open and maintain, with no monthly subscription fee. The pricing page lists the starting cost at $0 per month. Higher-tier membership levels (e.g., “Platinum”) require holding a minimum amount of NEXO tokens, which unlocks lower borrowing interest rates and higher savings yields. The exact fee figures for borrowing, withdrawals, or card usage are not listed in the available public data — the documentation states that fees are “not verified” in this profile. Users should review the official website’s fee schedule before transacting, as rates depend on factors such as loan-to-value ratio, asset type, and membership tier.