Over the past three months, the NEXO token, the original asset in Nexo’s blockchain-based lending platform, has increased by more than 480%. Since (BTC) trades for $ 10,000, the NEXO price has closely tracked BTC, but the performance is somewhat dull compared to the 1000% rally seen from a handful of DeFi tokens.
The project was initially unveiled by European FinTech group Credissimo in late 2017, claiming it would offer “the world’s first instant cryptocurrency loan.”
Fusion Media or anyone involved in Fusion Media assumes no responsibility for any loss or damage resulting from reliance on the information, including data, offers, charts and buy / sell signals contained on this site. Be fully informed about the risks and costs associated with trading in the financial markets, it is one of the most risky forms of investment.