Nexo to restructure its Earn Interest Product to comply with US regulations

Nexo will be changing its policy changes for its US clients. The change comes as the US Securities and Exchange Commission (SEC) focuses its attention on the decentralized finance (DeFi) sector.

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Nexo Exchange adds support for Cosmos’ ATOM

Nexo offers three key benefits to its users- high yields, instant exchange, and collateralized… The post Nexo Exchange adds support for Cosmos’ ATOM appeared first on Coin Journal.

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Nexo (NEXO) climbs as it announces the launch of TerraUSD (UST) on its exchange platform

Nexo (NEXO) has continued its upward climb seen over the last few days. This… The post Nexo (NEXO) climbs as it announces the launch of TerraUSD (UST) on its exchange platform appeared first on Coin Journal.

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Nexo lists Fantom’s FTM

Nexo, a leading regulated digital assets platform, is adding Fantom’s token FTM (FTM/USD) to its exchange, Invezz learned from a press release. Fantom is one of the fastest growing layer-1 blockchain platforms and a serious Ethereum contender.

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Nexo is listing Axie Infinity’s $AXS token

​​Cryptocurrency exchange platform Nexo (NEXO/USD) is listing virtual world Axie’s native token (AXS/USD), Invezz learned from a press release. Nexo users will be able to purchase AXS and get it in their wallets within seconds.

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Bakkt and Nexo partner for secure custody of crypto assets

Bakkt Holdings, Inc. , a trusted digital asset platform that allows users to buy, sell, send and spend a variety of digital assets, entered into a partnership with Nexo (NEXO/USD), the leading regulated digital assets institution and exchange, Invezz learned from a press release.

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Transactions with Polygon’s MATIC now on Nexo

Nexo’s selection of digital assets is expanding at lightspeed. Members of the crypto community can now buy, swap, borrow against, and earn impressive interest on Polygon’s MATIC (MATIC/USD) on the cryptocurrency exchange, Invezz learned from a press release.

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Solana joins Nexo; users can earn up to 8% interest on SOL

Nexo users can purchase, exchange, and get loans in exchange for Solana tokens (SOL/USD). They stand to earn as much as 8% interest on their holdings, Invezz learned from a press release. Nexo wrote: As you know, we always have our clients’ best interest at heart so we’re back bearing some exciting news for you: […] The post Solana joins Nexo; users can earn up to 8% interest on SOL appeared first on Invezz.

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Nexo Finance Liabilities are Fully-Backed: Armanino LLP Report

The U. S. -based CPA firm–which has audited bluechip companies like Uber and Crypto exchange, Kraken,– Armanino LLP, has confirmed that NEXO Capital’s assets far exceed customer’s liabilities.

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Cardano (ADA) is now available on the Nexo Exchange

Users of Nexo can now purchase and sell the Cardano (ADA/USD) coin, get loans backed by Cardano with interest from around 7% and earn up to 8% interest on the coin. The addition of Cardano will not only create more buying pressure for ADA, but also reduce selling pressure and increase its utility according to […] The post Cardano (ADA) is now available on the Nexo Exchange appeared first on Invezz.

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Nexo (NEXO) faces lawsuit over unlawful suspension of XRP payments

Cryptocurrency lending platform Nexo has been charged to court by an XRP user for losses incurred after the platform suspended the XRP trade. Following the legal action against Ripple by the Securities and Exchange Commission (SEC) in December, Nexo halted all XRP trades.

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Nexo (NEXO) mobile app now supports crypto exchange services

Crypto lender Nexo recently added support for cryptocurrency exchange service to its mobile app. The exchange supports around 17 different digital assets, with over 75 cryptocurrency and fiat pairs.

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Nexo Introduces In-app Cryptocurrency Exchange Service 

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XRP Whales Keep Making Major Moves Amidst Dwindling Prices

On August 14, a major transaction in the XRP cryptocurrency was recorded. An unknown user transferred 20 million tokens ($5. 3 million) from Nexo to Kraken exchange. Typically, such transactions indicate that the whales plan to dump the rate of crypto assets.

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The Daily: Nexo to Pay Interest on Stablecoins, Startups Launch Bank Services

In this edition of The Daily, we cover Nexo’s recent decision to pay interest on stablecoin holdings, as well as a project by two Swiss cryptocurrency companies to offer exchange and custodial solutions for financial institutions that handle digital assets.

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