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Nexo Review – earn up to 12% interest on cryptocurrencies
By betterspider  •  February 11, 2021
Nexo is a crypto banking and centralised lending platform which I’ve used for several months now, in parallel with BlockFi, which I reviewed previously. They began operations in 2018 and are regulated as a financial institution in the European Union. Nexo started off as a spin-off of their Fintech app, Credissimo. Similar to BlockFi, users can store their crypto assets on Nexo and earn interest on them, up to 12% annual interest on stablecoins if paid in Nexo tokens, otherwise 10% on stablecoins. For non-stablecoins, Nexo offers lending rates of 6% (if earned in Nexo tokens) to 8% (if earned in-kind). Supported assets include BNB, LTC, XLM, BCH, LINK, ETH, EOS, BTC etc. Nexo headline rates Nexo lends these crypto assets out to borrowers, typically institutions, who might take a short position on them or use it for other purposes....
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By betterspider
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