Borrowing rates

Nexo cuts lending rates to 5.9% APR after securing profitable institutional financing

LONDON–(COMMERCIAL THREAD) –Nexo, the leading crypto lending institution, is happy to announce that after securing profitable long-term financing, it has significantly lowered the rates of its signing Instant crypto lines of credit for the benefit of its customers, effectively offering one of the lowest APR (Annual Percentage Rate) in the blockchain space:

  • APR on Nexo Instant Crypto Lines of Credit now starts at just 5.9%, with no hidden fees, no minimum repayment requirement, and no credit check, ensuring customers maximum flexibility to borrow against their crypto assets in over 40 fiat currencies in over 200 jurisdictions.

  • Unlike most lenders in the blockchain space who charge up to 4% origination fees and 5-13% liquidation fees, Nexo operates at no additional cost as an extension of its #ZeroFes initiative

  • The drop in rates is the result of the Company’s continued efforts to reduce its financing costs by using Nexo’s extensive network of financial partners and access to institutional liquidity.

  • The reduced interest rates for Nexo’s instant crypto lines of credit mean greater business volume which, in turn, guarantees ever-increasing dividend payments for NEXO token holders.

  • Regardless of the reduction in borrowing rates, interest on “Earn interest” product remains at 8%, which means clients will continue to benefit from the current high yield interest on their unused assets.

  • Nexo is always striving to further improve rates for its user base, currently exceeding 300,000 people worldwide, and offering lines of credit of a minimum amount of $ 500 and up to $ 2 million. , is one of the many steps on the road to making decentralized financial services even more understood.

As the tokenization of the world advances, improving interest rates ensure that Nexo’s cutting edge products are used by an even wider audience across the globe. One of the earliest examples is the world’s first encrypted mortgage issued by Nexo for Brock Pierce for the purchase of a second home, while retaining ownership of its Bitcoin – a concept that is now finding wide adoption in the blockchain community.

Building on the success of its products with cryptocurrencies and stablecoins, Nexo is now starting to offer the same efficient funding mechanism for symbolic gold, making gold-backed loans accessible for as little as $ 500, which was previously only available to the ultra-rich.

About Nexo

Nexo is the leading regulated blockchain financial institution and the only provider of instant crypto lines of credit, providing investors with tax-efficient access to the value of their digital assets without having to sell them. Built by a team of professionals with over a decade of FinTech success, the Nexo platform has processed over $ 1 billion in less than 18 months.

All Nexo products are fully automated, providing an incredibly intuitive user experience and the flexibility to meet the individual financial needs of a global customer base of over 300,000 users. Nexo benefits from guaranteed approvals, no hidden fees and unmatched $ 100 million custodial insurance that has appealed to a wide variety of institutional clients, hedge funds and family offices, crypto mining companies, blockchain companies, exchanges and daily cryptocurrency investors.