Nexo is a cryptocurrency platform that offers crypto-backed loans, in which users borrow fiat or stablecoins against crypto assets they pledge as collateral, and interest-earning accounts. It also provides the Nexo Card, a Visa card that allows users to spend crypto or credit balances at merchants and withdraw cash.
Nexo was founded in 2018 by Antoni Trenchev and Ben Lakin. The company offers its services to individual users and, through its institutional offering, to businesses and professional investors. Availability of products varies by country and depends on local regulations.
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