Nexo cryptocurrency lender has processed more than $ 300 million in seven months

Nexo, which offers instant cryptocurrency loans, has processed more than $ 300 million in seven months. At the same time, net profit reached $ 3 million. Nexo representatives reported this to BlockchainJournal.

Note that during this period, 170 thousand people used the services of the company. The annual interest rate starts at 8%, which, according to Nexo representatives, is much lower than the credit card rate.

It is noteworthy that in December 2018, the holders of Nexo tokens received payments totaling $ 912,071 – 4.80% per annum.

The company issues loans in 45 fiat currencies, and users' cryptocurrency funds are insured against attacks of up to $ 100 million.

Earlier, BlockFi cryptocurrency lender attracted investments from Coinbase Ventures.

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