Nexo, the crypto lending platform, is coming up with an announcement for the launching of its in-app Nexo Exchange. It is allowing for instant and limitless native trading with more than 75 crypto and fiat pair of currency.
Nexo is regulating as the financial institution for digital assets, with $4 billion going under asset management. The company is offering more tax-efficient Instant Crypto Credit Lines with the Earn Interest products and Send & Pay capabilities for the clients.
It is to maximize the value of the cryptocurrency while promising custodial insurance worth $100 million. Also, it includes military-grade security of the Nexo wallet. Nexo is having its claim of processing more than $3 billion in fiat currencies for 800000+ users in 200+ jurisdictions.
The company said that Nexo Exchange is allowing for an immediate and no-limit conversation among 75+ crypto and fiat currency pairs. It goes directly within the mobile application of Nexo, along with a guaranteed price swap with the Smart Routing system.
This system helps in connecting multiple exchanges with the splitting of orders while depending on the price per volume. It comes to provide a fixed quote, along with order submission. It ensures no fluctuation of the price that can occur in most of the exchange services.
This new exchange comes with an on-ramp to the crypt for the newcomers towards the spaces. It is having facility access to the native NEXO token. This eliminates the need for third-party services for acquisition and trading. Thus, it is playing a vital role in the ongoing tokenomics of Nexo.
The Nexo Co-founder and Managing Partner Antoni Trenchev thus said, “Fast, transparent, and inexpensive transactions are the backbone of FinTech, but making them easily accessible and secure in a seamless, intuitive environment is the single most important step towards mass crypto adoption.”