• Nexo now offers its Leverage product to its over 3,000,000 customers.
• The Nexo Booster is a product that offers advantages like a $250K cap and a 70% LTV ratio.
• Nexo’s flagship credit lines are what make it stand out from other leverage services.

Nexo Booster is a new leverage product from cryptocurrency exchange Nexo. Beginning January 17, customers can start accessing the new service on Nexo’s mobile trading app. CoinQuora has information that Nexo Booster offers some similar features to margin trading but it will be easier and more complex. This new service has a cap of $250,000.

Nexo Booster has many benefits for users. It has a profit projection feature that allows traders to monitor the effect of the market’s future moves in real time. Trader can get 0.5% cashback for the entire transaction. Users who use the service may be able to borrow as much as three times their original balance.

Nexo provided the leverage service to help its over 3 million users – especially the long-term retail traders – have better exposure to the crypto market. Users were also informed by Nexo that its newest offering had a loan to value (LTV) ratio as high as 70%.

The exchange explained to CoinQuora why it allowed leverage up to 3x. It stated that its goal is to minimize the risk for users. Nexo is also known for its Crypto Credit Lines, a flagship service. To be specific, users can borrow crypto at a rate of 0% per year.

A type of trading that allows traders to trade more than their own available balance, is called leverage. You can do this by borrowing funds.

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