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Price Updates, Recent Developments, Future Events, Community -Breaking

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Nexo (NEXO),: Updates on Price, Latest Developments, Future Events and Community
  • Nexo, a lending platform for crypto investors, is unique. It allows you to make interest in cryptocurrency investments.
  • Nexo has launched a Polkа-promo, allowing users to earn as much as 17% APR, with daily payments
  • Nexo featured at Money 20/20 USA. Nexo provided an opportunity for users to review the Nexo Prime brokerage software suite. It is currently in beta.
  • After gaining 100 percent in just 30 days, Nexo (NEXO), remains one the most popular cryptos.

Nexo is a cryptocurrency savings platform and cryptocurrency lending company that has distinguished itself by offering unique services. Nexo provides users with the ability to receive payments every day, offering both high-interest savings and yields.

Nexo currently manages assets across more than 2.5million users in over 200 jurisdictions. It touts itself as the world’s leading regulated digital assets institution with over $15 billion in assets under management. What has been the performance of this massive lending platform in recent years?

Prices Updates for Nexo (NEXO).

Nexo (NEXO), which broke above $66k was the star of the show. NEXO gained up to 100% in the past 30 days.

A 30-day chart showing the price of Nexo (NEXO) Source: Tradingview

NEXO reached highs of $2.95 during the rally. NEXO has consolidated since the rally. NEXO trades now at $2.79 after a dramatic drop in price over 24 hours. Nexo has a market capitalization of $1.561 million and is the 74th biggest crypto.

Latest Developments

Nexo is expanding the support for crypto in its savings and lending platform. Nexo added support to (DOT) in order to help with the parachain launch. It offers up to 17% yield. Nexo started integrating Polkadot in its system back in June.

The Polkа-promo, as dubbed by Nexo, is an instant high-yield alternative to liquidity staking. For holding Polkadot within their Nexo accounts, users can get up to 17% APR. In addition, users get paid out daily.

Nexo introduced support for (SOL) earlier in October. This allows users to borrow, buy and swap SOL coins, as well as earn an average of 8% interest. Nexo users now have the ability to top-up and withdraw $ADA and $DOT as well as $DOGE they already own.

Nexo was featured at the October edition of Money 20/20 USA, the world’s largest fintech show held in Las Vegas. On October 24, to 27, thousands attended the Money 20/20 USA event in Las Vegas.

Supporting the entrance of females in the growing fintech industry, the Head of Corporate Finance at Nexo, Tatiana Metodieva, joined the Money 20/20’s RiseUp initiative, ​​a program that fosters gender inclusivity within the fintech industry.

Nexo’s Mobile Wallet App has been expanded to offer more services. Nexo users can now track all assets supported within the Nexo app, and see real-time changes in price.

Users can also access the latest news about all crypto in their portfolio from the app. App users can personalize their dashboards by adding new filters that allow them to view their most favorite coins and hide any other assets.

Future Events

It is the creation of Nexo’s Prime Brokerage that has been the largest event on the network. The Prime Brokerage suite is currently in beta testing. However, customers were able to experience it for the first time at Money 20/20 USA.

Investors will have access to the full Nexo Prime brokerage suite, which includes services such as trading, borrowing, lending and digital currency storage. Nexo revealed in July that it would use Chainlink to audit its operations for greater transparency.

Nexo teased that a new crypto will be added to the flagship Earn Crypto Interest suite. The Nexo community hopes Songbirds (SGB), the token teased, will soon be available for sale. @XrpMonk wrote this:

To The Flipside

  • Despite the token’s strong performance, its highs are still well below their all-time high.
  • Nexo’s ATH was $4.05 in May. This is 31.12% more than the current price.

The Community

Nexo boasts some of the most competitive yield APRs. Nexo members are vocal about the strength of the project. Raju Chavda shared his Nexo experience on Twitter (NYSE :).

Nexo also has an active community that allows members to share their opinions about potential listings. Nexo conducted a survey to determine which cryptocurrency listing was most popular among its latest listings. These were the results:

A community without bullish members is nearly never complete. @growing101QC, a blockchain researcher wrote that NEXO rose.

Why you should care

Nexo is a unique lending platform, being the first-ever provider of instant cryptocurrency-backed loans, and it intends to solve inefficiencies in the lending market. Nexo Prime is Nexo’s brokerage suite. It aims to be a leader in this market.

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