Nexo (NEXO) is a platform that allows users to collateralize their crypto. Once an amount has been staked, a user can proportionally borrow against / receive interest on the value of the amount staked. The platform has an incentive in its rewards token NEXO which can also be staked to access proportional rewards or better interest rates. Nexo distributes 30% of its profits in the form of dividends via the NEXO token, classifying it as a digital security asset.
Cryptocurrency is an exciting, new space to get involved in. Find out how to get in on the action.
Because stablecoins are often pegged to FIAT currencies with stable values, they are useful tools for currency conversion. Coins such as USDC, USDT and QCAD won't swing wildly up or down in value between withdrawal and funding another account.
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Link to your bank account to add or withdraw funds seamlessly.
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