About NEXO Coin
NEXO price today is $0.734556 with a 24-hour trading volume of $8,061,376. NEXO price is up 5.8% in the last 24 hours. It has a circulating supply of 560 Million NEXO coins and a max supply of 1 Billion. Hotbit is the current most active market trading it.
What is Nexo?
Nexo is a lending platform for cryptocurrencies. Lenders can lend their digital assets such as bitcoin, tether, USDC, and more for interest. Borrowers can collaterized their digital assets in order to take a loan. It currently supports over 40 currencies and have been operating since 2018.
What is NEXO token?
NEXO token is a dividend-paying asset-backed token that pays out dividend from earnings on the platform to token holders. 30% of Nexo’s profit is shared with holders of the token in the form of dividend. If you are a borrower or lender, holding NEXO tokens entitle you to much more competitive rates.