First Ever Dividends Paid to Investors by the Instant Crypto-backed Loans Provider NEXO

Photo: Nexo / Medium Though the previous year became a real challenge for numerous crypto firms and private traders, Nexo has managed not just to survive but also to successfully distribute over $900,000 in Nexo tokens (NEXO) to its holders. The company positions itself as the world’s first instant crypto-backed loans provider. It took its crypto lending model just 6 months to bring the project a net profit of $3,040,239. Recently, the project has published its interim report revealing that those people who had made investments in Nexo during or after…

Binance (BNB) And Nexo (NEXO) Launch Service Similar To Traditional Bank Loan

Nexo has teamed up with Binance Coin to offer loans similar to those in the traditional finance industry. In the new arrangement, holders of Binance Coin (BNB-USD) will be able to use the coins as collateral to access Nexo’s loans. More coins to be added Nexo intends to use the new partnership to increase the growth of the blockchain ecosystem. The company has started with BNB but has indicated that several other coins will be added as collateral for loans on its platform on a regular basis. The company has…