The market lends USDC against ETH, wstETH, WBTC and cbBTC to whitelisted institutions only, at loan-to-value ratios of up to 87%. Compound says it was oversubscribed at launch, with DeFi Saver, K3/Nexo, KPK and Yearn taking part.
The Defiant•The Defiant Team8 Sept
Nexo's regulated credit lines in Australia could enhance crypto adoption by integrating digital assets into traditional financial systems.
CryptoBriefing•Vivian Nguyen19 Aug
Nexo is expanding its presence in Australia with the launch of new crypto-backed Credit Lines, following its appointment as a Credit Representative under Australia’s consumer credit framework. The new service allows eligible Australian clients to borrow money using their digital assets as collateral, meaning they can access liquidity without having
TheNewsCrypto•Sarala19 Aug
Nexo Australia launched regulated crypto-backed Credit Lines after being appointed as a Credit Representative. Nexo Australia has launched crypto-backed Credit Lines after being appointed as a Credit Representative in Australia. The service lets eligible clients borrow against digital assets without…
Nexo introduced regulated, cryptocurrency-backed credit lines that allow users to access liquidity in Australian dollars or stablecoins by borrowing against their digital assets.
Cointelegraph•Cointelegraph by Zoltan Vardai19 Aug
Nexo Australia has launched crypto backed credit lines with rates from 0.9% after becoming an authorised credit representative.
Nexo has restructured its operations in the European Economic Area to meet the European Union (EU)’s Markets in Crypto-Assets Regulation (MiCAR) standards by using two regulated German partners rather than obtaining a direct single license. Uninterrupted Service Across European Markets Digital asset wealth platform Nexo has updated its European Economic Area (EEA) operating structure to […]
Bitcoin.com News•Terence Zimwara29 Jul
Nexo says EEA services remain available through MiCA-licensed Tangany and DLT Finance, while lending sits outside those licences.
Nexo's strategic alignment with MiCAR-licensed partners enhances its regulatory compliance, facilitating seamless EEA-wide crypto operations.
CryptoBriefing•Editorial Team28 Jul
Nexo launches its crypto card in Argentina, adding debit and credit modes as Buenos Aires becomes its Latin America hub for digital assets.
Nexo's crypto card launch in Argentina could reshape financial access amid inflation, offering new liquidity and savings options for users.
CryptoBriefing•Editorial Team8 Jul
Nexo's strategic expansion in Argentina could significantly boost crypto adoption, offering innovative financial solutions amid economic challenges.
CryptoBriefing•Vivian Nguyen8 Jul
Nexo Card launches in Argentina with debit and credit modes for crypto users. Andres Ondarra will lead Nexo Argentina as General Manager from August 1. Buenos Aires is being positioned as Nexo’s regional hub for Latin America. Nexo has launched its crypto debit-and-credit card in Argentina, marking a deeper push into one of Latin America’s […]
CoinJournal•News Team8 Jul
Nexo's growth highlights the potential and risks of centralized crypto platforms, emphasizing the need for robust risk management strategies.
CryptoBriefing•Editorial Team16 Jun