2021-11-4 17:36 |
Avalanche (AVAX/USD) public blockchain’s native token is now live on Nexo. Users of the platform, which has been a pioneer of crypto-backed credit, can now trade, purchase, save, and borrow against AVAX all in one place.
Comprehensive digital finance services since 2018Nexo has aimed to bring comprehensive financial services to the world of digital assets since its founding in 2018. It has become a highly efficient gateway to DeFi, enabling its growing user base of DeFi enthusiasts to gain greater exposure to more and more promising ecosystems, including Avalanche.
It’s now possible to buy AVAX directly on the Nexo platform as well as lend out and borrow against their AVAX. Antoni Trenchev, Co-founder and Managing Partner of Nexo, commented:
We believe that Avalanche has what it takes to help build the infrastructure needed to support all kinds of digital and tokenized assets. By integrating AVAX, Nexo is providing liquidity that will ultimately increase developer appetite in the Avalanche ecosystem and lead to its prosperity.
Fast, highly customizable DeFi ecosystemNexo chose Avalanche for a partnership because of the latter’s fast, highly customizable DeFi ecosystem as well as the bridge it’s developing to Ethereum (ETH/USD). This has become possible through compatibility with the Solidity programming language, which enables network participants to make transfers and connect between chains easily.
Embracing a multi-chain worldAvalanche’s impressive capacities help the space embrace the huge benefits of a world on multiple chains. This facilitates interaction between networks and helps create increased scalability and functionality.
Leveraging decades of FinTech experienceNexo is using the most important knowledge of the team and their decades-long FinTech experience with blockchain technology to help users harness the value of their crypto assets and create a new, improved, and more inclusive financial system. The platform offers access to the native currencies of 25 blockchain projects.
Almost 3 million people in over 200 countries can carry out transactions with them.
Benefiting from widespread crypto adoptionNexo is riding the wave of widespread crypto adoption, including by institutional and retail investors, governments, and companies. Ultimately, all stakeholders will be able to transact easily, securely, and uninterruptedly.
The post Avalanche’s AVAX goes live on Nexo appeared first on Invezz.
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