|Crypto Score||Volume||Volatility||Liquidity||Industry||Application||Marketcap||Supply||Volume (24h)||Last 24h|
|4.43||3.87||4.94||0.33||6.26||6.76||$ 40.27 M||533.25 M||$ 2.49 M|
NEXO is a cryptocurrency exchange created by European fintech company Credissomo which allows users to borrow fiat without liquidity their crypto assets while also earning interest on their funds. The project issues chipped Mastercards for use of everyday purchases. Deposited assets on their exchange and backed by SEC compliant BitGo. Additionally, NEXO utilizes Onfido software which is AML and KYC compliant. Customers simply deposit their crypto holdings into a NEXO wallet on the blockchain and NEXO issues equivalent fiat for the holdings without running a credit check on the user. The process is free from fees and doesn’t require tax processes to run until the user sells the asset. Use of the utility token NEXO on the exchange offers customers lower interest rates on their crypto-backed loans. Credissomo has been successful in the fintech realm for over ten years. The technology allows users with little to no credit history access to capital where traditional lenders would deny and limit the customers access to money.