Nexo NEXO

$0.0600
Market Cap $ 33.605 MM (#85)
24h Volume $ 3.942 MM
Chg. 24h: -4.36%
Algo. score 4.2/5  (#25)
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Nexo News

App Square Goes Live on Infinito Wallet

App Square, a decentralized applications store, has gone live on the Infinito Wallet version 2.4. With App Square, Infinito wallet will now be the home for leading currencies as well as dApps. The dApp store was launched with Kyber Network, Coinfirm, Blockpass, Nexo, and Celsius. Currently, App Square supports decentralized applications built on ETH blockchain, but it will support those built on top of NEO, Ontology, and EOS in the future. (KE)

3 days ago

The Year in Review - it has been an amazing Nexo journey thu...

The Year in Review - it has been an amazing Nexo journey thus far and our tax-efficient instant crypto loans across… https://t.co/tbgr3viLGe

6 days ago

NEXO Tokens can now be purchased from the comfort of your ba...

NEXO Tokens can now be purchased from the comfort of your bank account with Euro thanks to our partnership with… https://t.co/EwGROPObw7

8 days ago

Daily Berminal Brief: Crypto Markets Begin Moving Following Quiet Saturday Afternoon

Following a relatively quiet and sideways trading afternoon on Saturday, the crypto market has seen an uptick in activity in the past hour as the total market cap has seen an injection of roughly $1.5 billion. The price of Bitcoin is currently trading at $3,518, an increase of 0.83% on the 24-hour chart, while XRP is up 0.77% and trading at $0.311. Out of the top 100 projects, Nexo (NEXO) has performed the best over the past 24-hours, currently up 20% and trading at a price of $0.06569. BTC dominance currently sits at 53.2%. (JF)

12 days ago

NEXO abandoned their investors?

I'm sick of these ICOs and their promises. They raise such amounts of money that any other kind of business can only dream about it, but deliver but a fraction of their promises. Nexo promised us these things by end of 2018 - mobile app wallet - credit card - additional collateral options - minimum loan 100$ limit - airdrop campaign - resolve voting for the best coin - audited Financial statement - regular dividends (when will be next dividend ??) Nothing was delivered and what we got instead is silence or some lame excuses in the best of cases. (i did not post this in the nexo subreddit because it would be instantly censored)

17 days ago

Nexo is better than any crypto wallet or bank account: - Ins...

Nexo is better than any crypto wallet or bank account: - Instant crypto-backed credit line in 40+ fiat currencies -… https://t.co/hWIP1Wadq1

17 days ago

Nexo is proud to be among the top 50 most important companie...

Nexo is proud to be among the top 50 most important companies in Switzerland and Liechtenstein’s Crypto Valley Bloc… https://t.co/dtmWtdNn6S

20 days ago

XRP in Action Mode: Growing Numbers Fueling the Growth in Real-World Operations

Ripple is working hard on spreading its products worldwide with a strong number game as the XRP, xRapid, RippleNet, and xCurrent gradually gains more customers, real-world usage, and support from the community. XRP’s Strong Number Game Recently Ripple’s client Mercury Fx took to Twitter to share how it made one of its largest payment on RippleNet by using XRP while saving money in the process. This showed the real-world usage and effect of XRP. Ripple is already working hard and fast in pushing to make its various products part of real-world banking operations. Previously, it has been claimed in 2018 that Ripple already has 100 clients in its bag and earlier in January, this year itself, Ripple shared further insight declaring RipleNet has surpassed 200 customers all over the globe. The latest additions in this network have been Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND, and Rendimento. Ripple’s clients have all the praises for its different products that allow them to settle transactions fast and in a cost-effective manner as David Lighton, the Founder of SendFriend, which was founded at MIT, said, “Through our partnership, we are bringing our customers a next-generation, blockchain payment solution that leverages XRP to address many of the efficiency and equity problems with existing remittances.” XRP fever is certainly spreading as platforms like r3, XRP Tip Bot, Arrington Capital, Omni, Nexo, Coil, XRParrot, and Travala among many others are utilizing this digital asset as a form of payment. The plan is rather simple here to provide a better cross-border payment solution in terms of speed, cost, and transparency that the current established banking system lacks. Just recently, Ripple sales director Ross D’Arcy said they want to make sending payments as easy as sending an email, “3 clicks, 30 seconds, receive a confirmation that the end beneficiary has been paid. So as easy as we can do a voice chat or exchange emails, that’s exactly how we want the payment experience to be.” D’Arcy further shared how this technology is a better solution than Swift, “Ripple could shut down as a business tomorrow, and our customers could still transact using our software. The same wouldn’t be the case with Swift.” If we talk about the number a bit more, according to the XRP community blog, XRP has about 1.5 million active wallets, more than 230 exchanges where the 2nd largest cryptocurrency has been listed and a strong community which is made up of over 1 million people. “XRP has one of the largest and most coordinated group of developers of all cryptocurrencies in Ripple Labs,” said Ben Ritchie of Digital Capital Management while predicting XRP price at $0.75 by December 31, 2019. On the front price, XRP is currently down about 90 percent from its all-time high. At the time of writing, it has been trading at $0.330 with 24-hours gains of 0.31 percent. The post XRP in Action Mode: Growing Numbers Fueling the Growth in Real-World Operations appeared first on Coingape.

25 days ago

27 Companies are Confirmed to Be Using XRP as a Form of Payment and Money Transmission

27 companies are now confirmed to be utilizing XRP, either as a way to accept payment or to power international remittances. Of those, 13 plan to adopt Ripple’s xRapid payment software which focuses on cross border transactions. Included on that list are Euro Exim Bank, Bittrex, Bitso, Bitstamp, Mercury FX, SBI Virtual Currencies, SentFriend, and Bitrue. Some of the companies that are utilizing the XRP digital asset as a form of payment include Travala, r3, Omni, Transpaygo, Arrington Capital, Coil, Nexo and XRP Tip Bot. (JF)

a month ago

Nexo now offers unpaid federal workers who hold crypto asset...

Nexo now offers unpaid federal workers who hold crypto assets instant loans with 0% interest during the US governme… https://t.co/FxATm3X5fH

a month ago

Block by Block: Crypto Lending

Block by Block is a series where we dive into different industries and examine the entry-points for decentralization. This issue is an introduction to crypto-secured credit markets, exploring: market/product segmentation, lender and borrower opportunities, competition across both custodial and decentralized lending protocols, and more. The market for crypto lending may be small relative to other credit products, but the sector is still worth attention given its recent growth, pace of innovation, and ability to provide lifeblood for companies in the broader ecosystem. Crypto-secured loans require borrowers to offer cryptocurrency (typically Bitcoin) as collateral, often times significantly overcollateralized, in exchange for another asset (usually USD or stablecoin). Loans can be originated centrally with a custodian/counterparty, or originated through a decentralized non-custodial lending protocol. The core market and product offerings can be segmented as: Borrowing USD secured by crypto: Personal or Business loans originated by custodial lenders against crypto, with USD wired directly to bank accounts. Loans can be used for additional liquidity, and offer tax benefits on potential capital gains. Some of the larger players include: BlockFi, Unchained Capital, and Coventure. Margin lending on exchanges: The ability to use leverage via derivatives or direct margin from the exchange itself. Protocols like dYdX and Dharma offer decentralized open-source platforms for margin and derivative trading. Lending crypto borrowing crypto: Origination volumes are largely demanded by fund trading, as the loans can be used to go short a position or run various other trading strategies where the fund would rather not own all the crypto. Genesis Capital is the major player in this bucket, but also plays within other segments (eg. USD - Crypto). Outside of OTC desks, the funding of Bitcoin ATMs is another use case for crypto-to-crypto borrowing. Decentralized Lending Protocols (Non-custodial): Non-custodial lending protocols offer a similar collateralized loan as custodians, only in a decentralized way. The protocols leverage smart-contracts to minimize counterparty risk and reduce the cost to originate and borrow. Considering the today’s core lending protocols are native to Ethereum, non-custodial loans today are predominately against Ether rather than Bitcoin (however, this is expected to change in time). Most likely users of the protocols include traders, ICO treasuries, and borrowers looking to experiment with alternative low-cost credit. Token-based platforms: A catch-all bucket for any lending platform or protocol that may push custody to a third-party provider like Bitgo—and also comes with a token model attached to the hip. Large players here include Nexo, Celsius, and Salt. The lending opportunity impacts both lenders and borrowers Lending on crypto (both centralized and decentralized) provides a unique opportunity for both lenders and borrowers that is hard to find with current lending products in the market. For Lenders: Unique collateral characteristics that can be favorable to alternatives. Currently, the predominant secured cryptocurrency loan is against Bitcoin. Bitcoin, and other cryptocurrencies like Ether, offer unique collateral characteristics that make it quite favorable to lend against, assuming the loan is over-collateralized in order to mitigate underlying price volatility. Some of these characteristics include: 1) asset is received instantly (little to zero clearing friction), 2) efficient storage, 3) can be liquidated 24/7, and 4) is constantly marked-to-market. Contrast that to a more common secured auto loan where the collateral (the car) can face unexpected decline in value (not constantly marked-to-market, and doesn’t face upside appreciation), and can be tricky to repossess and store upon default. Entry for new lending growth. Considering the crypto lending market is still nascent, there aren’t a lot of players funding loans in the space. It’s not that big of a stretch, however, to imagine more traditional banks and credit funds starting to explore the market given that overcollateralization leads to relatively lower LTV (Loan to Value i.e., lower risk vs. other secured loans), while lower costs to underwrite/monitor the borrower and less competition lead to higher premiums. To be sure, these higher premiums and returns will compress overtime as more players enter the space, similar to how “alternative lending 1.0” products (e.g. Lending Club) have matured over time. The latter will be an interesting trend to watch, as weaker returns (and performance) on these products, combined with a new differentiated lending pond to fish in, could push investors to explore alternative credit opportunities like custodial lending of bitcoin or non-custodial lending through protocols. Lending Club loans’ Net Annualized Returns have compressed across the prior 5-year vintages Source: Lending Club, T

a month ago

2018 has been a phenomenal year for Nexo and for our communi...

2018 has been a phenomenal year for Nexo and for our community of happy customers, investors, and partners. It is o… https://t.co/4zNoCsDRBh

a month ago

First Ever Dividends Paid to Investors by the Instant Crypto-backed Loans Provider NEXO

CoinSpeaker First Ever Dividends Paid to Investors by the Instant Crypto-backed Loans Provider NEXO Though the previous year became a real challenge for numerous crypto firms and private traders, Nexo has managed not just to survive but also to successfully distribute over $900,000 in Nexo tokens (NEXO) to its holders. The company positions itself as the world’s first instant crypto-backed loans provider. It took its crypto lending model just 6 months to bring the project a net profit of $3,040,239. Recently, the project has published its interim report revealing that those people who had made investments in Nexo during or after its ICO held in 2017 received their first dividends. The total sum distributed to token holders amounts to $912,071.00 in NEXO. According to the information provided by the project, the tokens were distributed to eligible NEXO Holders on December 15, 2018. The amount of the dividend paid was based on the exchange rate of NEXO and USD which was $0.104256. It means that with over 309 million eligible tokens being kept by investors on the platform at the ex-dividend date, US$0.002945 per token were reportedly sent to token holders. Given this data, it can be concluded that the NEXO’s annualized dividend yield of 4.80% is higher than all dividend stocks presented in the portfolio of Warren Buffett. Apple’s annualized dividend yield is 1.4%, JPMorgan’s - 3%, and Goldman Sachs’ - 1.6%. It’s also worth mentioning that the interim dividend is not taxed. At the press time, the Nexo token is traded for $0.0732 with a market capitalization of $40 994 012. Benefits for Investors Speaking about the progress of the project, company’s CEO Anthony Trenchev stated: “We have had people borrow for all sorts of purposes from buying a car and going on a vacation to purchasing a new home, which are significant events in people’s lives. Now we are taking the next logical step of sharing of profits with our community of investors. At Nexo, we believe that this concept will be the next huge trend across a quickly tokenizing world.” As for the dividend paid by Nexo to its eligible token holders, the sum distributed in a given dividend period equals 30% of the project’s net profit. Such an initiative gives investors an opportunity to earn capital in the long term in case of potential NEXO’s value growth and offers them a potentially constantly growing passive income. Future Developments Despite the fact that the previous year was rather a busy one for the project, its team is not going to relax this year as they have a lot of things to do in order to expand its services and enhance the clients’ experience. Via continuous reinvestment of earnings, expansion of joint ventures, institutional partnerships, and direct acquisition of banking capacity in different corners of the world, the project is planning to support continuous loan portfolio growth. Among other milestones to be translated into life are expansion of collateral options, development and integration of user functionalities, the launch of its own credit card program and many other initiatives. First Ever Dividends Paid to Investors by the Instant Crypto-backed Loans Provider NEXO

a month ago

Important: Nexo confirms support for the upcoming Ethereum C...

Important: Nexo confirms support for the upcoming Ethereum Constantinople Hard Fork. We will take a snapshot at blo… https://t.co/NvYrdT43cX

a month ago

@Raxmumo At present, only the interest can be repaid with NE...

@Raxmumo At present, only the interest can be repaid with NEXO Tokens but once the overall market conditions and li… https://t.co/tifL2iKifJ

a month ago

Interview: Miko Matsumura on the importance owning your own keys, Evercoin, and more

On the day Bitcoin celebrates its 10th anniversary and we see an entire initiative which encourages community members to withdraw their coins from exchanges (Proof of Keys) and move them into their own wallets, Crypto Insider presents to you an exclusive interview with Miko Matsumura, a man who makes great efforts to encourage individual key ownership. The project that Mr. Matsumura works on, Evercoin, is a multi-coin wallet which also includes exchange functionalities. In spite of the narrow-scoped title, it’s worth mentioning that the interview features many more ideas which complement and exceed the “not your keys, not your coins” argument. You will find comments about the 2008 collapse of the Lehman Brothers (and how the unfortunate event is bound to happen again any time due to institutional recklessness), the current status of cryptocurrency regulation, the crypto exchanges that are “too big to fail”, the Celsius Network, an even the state of decentralization in several projects. Furthermore, Miko Matsumura also talks about the multiple ventures that he’s involved in, including Evercoin, Gumi Cryptos, as well as the numerous projects he advises. The interview is inspiring and might just have a motivational effect which helps you remember why the world needs Bitcoin. So if you’d like to see the events of the last decade put into a nice and comprehensive perspective, you may watch the video attached or even read the full transcript below. Cover image source: Evercoin Twitter account Full transcript: VLAD COSTEA (Interviewer): Hello and welcome to the Crypto Insider Interview. I am Vlad, and today my guest is Miko Matsumura, who is one of the co-founders of Evercoin, which is an exchange, a wallet, and also a really nice interface for crypto. And he has also advised many token projects and ICOs. Welcome! MIKO MATSUMURA (Interviewee): Thank you very much. VLAD COSTEA: So, could you please tell me more about what your involvement is in this business? MIKO MATSUMURA: I am a co-founder of an exchange and wallet called Evercoin. We really are pioneering the non-custodial space, so if you need a wallet, we are definitely a multi-coin, a strong multi-coin wallet, we do provide custody so everyone has their own private key, and pretty much, we also allow for mobile exchange. So, the idea would be, if you are looking for that combination of mobile wallet, exchange, that’s Evercoin. In addition to that, I am also an investor in this space, so I am a general partner with Gumi Cryptos, which is a 30-million-dollar investment fund, based in Japan, we invest worldwide, and we have partners in San Francisco area, that’s pretty much where I live. VLAD COSTEA: Okay. So, I am going to take this one at a time, you mentioned that in Evercoin, you get to exchange different cryptocurrencies, how does that work? Do you use a third party service like ShapeShift, or do you store your own coins with your exchange, or do you use a third party for this service? MIKO MATSUMURA: Yeah, I can explain pretty easily how it works, which is, we built our own exchange backend, so we really are the only provider that has basically a full stack. From our perspective, there are two big differences you have the whole stack, which is both the exchange and the wallet integrated, one of them is a better support for experience, so what can happen is that you can have a wallet provider, and an exchange provider that doesn’t really interact or connect well, and then you can have a potentially complicated support experience, another thing that it is important about having the whole stack is really that we are able to create some really neat optimizations. For example, we have this wallet-based limit order, so it’s easy to create a limit order if you get custody, so an exchange create a limit order because what’s happening on the backend is, you’ve already sent all your money to the exchange, so they can tell you anything, and they can make anything happen because it’s not actually happening on a Blockchain, it is just happening inside the database. And so, in a wallet, it is actually hard to do a lot of things technically, but if you integrate the wallet in the exchange component, you can actually do some very novel and exciting things. We really are a unique service, and I think for people that do want custody of their own cryptographic assets, it’s a great solution, particularly if you are interested in having a mobile wallet, we find that our customers tend to be a pretty dynamic group of people, and so they have busy lives, they are traveling, or they are going places, they are in meetings and if they want to make a trade based on things they’ve heard, the mobile component makes a big difference to them, so you are able to maintain a bunch of coins together, and you are able to basically do change based on news that you hear, or things that you need to do. VLAD COSTEA: I have asked that question specifically because I know there are multi-coin

a month ago

Happy New Year everyone! Nexo wishes you all the best and ma...

Happy New Year everyone! Nexo wishes you all the best and may 2019 be a most prosperous year all around! As the wor… https://t.co/MSrgYpse4D

a month ago

TrueUSD Partners with NEXO to Allow Holders to Obtain Instant Loans on Cryptocurrency

On Wednesday TrueUSD announced that they had successfully passed three individual security audits and this shows that the stablecoin is not subject to bugs, exploits, hacks or any other intrusion that could enable the creation of new units and alter the digital asset’s price. This positive news likely inspired confidence in crypto-lending platform Nexo, and on Wednesday both companies announced that they would partner to provide crypto to fiat loans. Nexo allows users to stake (lockup) digital-assets and obtain a loan based on their real-time value. According to TrueUSD co-founder Tory Reiss, “Nexo allows you to lock up your crypto and then get cash out without selling it because you’re basically just taking a loan against your crypto balance. There’s no taxable event.” Reiss explained that Nexo’s partnership with TrueUSD guarantees each loan seeker will receive “almost 95% of the value of the TrueUSD that you lock up.” At the moment the minimum loan amount is $1,000 and TrueUSD holders can liquidate into fiat if the amount is larger than $10,000. (RS)

2 months ago

Tether [USDT] gets a new lease of life as latest research points to the trail of billions

Tether [USDT], which has been quite active on the cryptocurrency charts due to the price changes, is no stranger to being in the news spotlight. Several reports have targeted the sixth largest cryptocurrency which has come under fire several times before mainly because of fraud claims. In a research conducted by Bloomberg, the notion that Tether does not have the billions of dollars to make it a stablecoin seems to have changed. The new information that has come to light gives more details about the cryptocurrency’s foundation than what was available before. One snippet of the research shows that on January 21, 2018, $2.2 billion was present in Tether’s holding account in Puerto Rico’s Noble Bank Limited, the same day when CoinMarketCap showed that 2.195 billion was in circulation. Bloomberg’s survey further stated: “The numbers also match up in September and October 2017. Tether and Bitfinex, a cryptocurrency exchange, are owned by the same executives. The bank statements show money flows between the two after Bitfinex became the only way to buy or sell Tether last year, according to the people familiar with the matter.” The information garnered by the survey did not elucidate a lot of details such as the origin of the money or its current address. Bloomberg revealed that the information about the funds was provided by individuals close to the company. The veil over the funds was also pointed out earlier by the Winklevoss twins when they had stated that Tether is an unlicensed issuer and does not disclose where the fiat currency is located. Tether was also in the news recently when Bitfinex announced the addition of USDT/USD and EURT/EUR on their platform. The announcement stated: “All existing USD balances on Bitfinex will remain fiat and unaffected by this change. Any Tether deposits initiated before 14:30:00 UTC on the 27th of November will be credited to the user’s fiat wallet balances, whereas Tether deposits initiated after this cutoff time will be credited as Tether (USDT).” As mentioned earlier, the recent report comes at a time when Tether has been bombarded with multiple attacks. In a news tied to Tether, Nexo, a company that provides crypto backed loans had stated: “Nexo follows the situation around Tether (USDT) closely. We would like to assure all clients and investors that Nexo has never held significant amounts of Tether (USDT) on its balance sheet. We are soon adding support for more stablecoins.” The post Tether [USDT] gets a new lease of life as latest research points to the trail of billions appeared first on AMBCrypto.

2 months ago

The First Nexo Dividend was distributed in front of an enthu...

The First Nexo Dividend was distributed in front of an enthusiastic crowd of 900+ NEXO Token Holders in Seoul, Sout… https://t.co/UlKMS29QOH

2 months ago

The First Nexo Dividend has been distributed! Our thanks go ...

The First Nexo Dividend has been distributed! Our thanks go out to the entire Nexo Community for the ongoing suppor… https://t.co/6ytZm43xXb

2 months ago

Nexo (NEXO) Chosen as the Official Lending Partner for TrueUSD (TUSD)

Nexo recently announced a new strategic partnership with TrustToken, making the TrueUSD (TUSD) stablecoin available for use as both a collateral and repayment option for Nexo’s instant crypto loans. This makes Nexo the official TrueUSD lending partner, enabling clients the ability to deposit TUSD and borrow against it with a 95% Loan-to-Value (LTV) ratio or leave it deposited on the platform and earn up to 6.5% interest per year. Nexo will be distributing more than $912k to NEXO Token holders on December 15 as a dividend payment. (JF)

2 months ago

TrueUSD selects Nexo as its official lending partner. As a r...

TrueUSD selects Nexo as its official lending partner. As a result of our strategic partnership with @TrustToken, Tr… https://t.co/LLnLMt7vuV

2 months ago

We are excited to announce our partnership with @NexoFinance...

We are excited to announce our partnership with @NexoFinance! Nexo will offer up to 6.5% interest on TrueUSD for li… https://t.co/MHHcxQAdiy

2 months ago

@JimClare85 @bithomp Yes, we offer both loans and repayments...

@JimClare85 @bithomp Yes, we offer both loans and repayments in AUD. Nexo services loans in 40+ currencies across… https://t.co/h0yiSZTokL

2 months ago

@DrCrypto20 They are acquired by Nexo on exchanges or collec...

@DrCrypto20 They are acquired by Nexo on exchanges or collected from loan interest repayments using NEXO - as of co… https://t.co/bihqd2CHiB

2 months ago

Reminder: 100% of crypto assets received by Nexo during the ...

Reminder: 100% of crypto assets received by Nexo during the Private Token Sale were converted to fiat in Feb-Mar 20… https://t.co/hup1joaByA

2 months ago

NEXO is now trading on Coinbit! The South Korean community h...

NEXO is now trading on Coinbit! The South Korean community has always been very important to Nexo - we have secured… https://t.co/WpcVjxPleS

2 months ago

Nexo (NEXO) Crypto Loan Platform Announces First Dividend of $912,000

The cryptocurrency-backed loan platform Nexo (NEXO) has released the details for its first dividend distribution that will be made NEXO holders this month, showing that $912,071 will be distributed to investors who have stored their Nexo tokens on the platform by December 5th. If the total supply were stored on the platform, the payout per token would be roughly $0.0017. This actual amount distributed is likely to be much higher due to a large token supply still out in circulation. The current price of Nexo is $0.1045. (JF)

2 months ago

6 Crypto Assets Not Rising as Quickly as Bitcoin

Even though all major currencies seem to be on the mend once again, the market is responding in funny ways. While most currencies are in double-digit gains, some other assets are struggling to stay in the green. The following six projects are currently struggling, primarily because they can’t gain in either BTC or USD value. Bitcoin Cash SV It was somewhat to be expected the Bitcoin Cash SV price would not necessarily respond kindly to this new uptrend. This altcoin tends to rise when Bitcoin is struggling badly, yet can’t catch a break when the situation improves. There is still a net double-digit percentage loss in BTC value for BCHSV, and one that will not be overcome anytime soon. Tezos Although one would expect big things from Tezos, the price has not necessarily responded in kind. This token has been battered well before the market onslaught began last week and is somewhat slow to recover. A net 7.5% gain in USD value is a promising start, but it pales in comparison to most other currencies on the market. Bitcoin Diamond Another clone of Bitcoin, Bitcoin Diamond also tends to rise when Bitcoin itself is bleeding value. This is a very peculiar trend in the cryptocurrency world, although it is not necessarily something to pay too much attention to either. Over the past 24 hours, BTCD has gained just 7%, which is lower than one would expect to see. Revain Although Revain is a bit of a mysterious altcoin to most people, it has gone through numerous pump phases recently. As such, it is not gaining all that much now that the momentum has gotten really bullish. A nice 6% increase is still nothing to sneeze at, but it is not necessarily the gain most people are looking for at this time. Nexo Another altcoin recently enjoying a hefty price increase, Nexo is something cooling off right now. With its trading volume, a further price increase should certainly be possible, but it is not happening as of yet. The current 8.3% increase is a promising start, though, but a push to $0.12 might be a stretch too far at this time. Huobi Token Although exchange tokens always seem to follow their own trend, it is safe to say Huobi Token is not enjoying the current uptrend all that much. Although there is nearly a 9% net gain, it is one of the currencies not rising as spectacularly as all others. As such, one has to wonder how this will play out moving forward. The post 6 Crypto Assets Not Rising as Quickly as Bitcoin appeared first on NullTX.

3 months ago

Cryptocurrency Market Update: No Recovery From Recent Rout

FOMO Moments Markets are still flat showing no sign of recovery; Monero, Iota and Bitcoin Gold making small gains. The weekend situation on crypto markets remains grim. There has been no recovery from an epic dump down to a new yearly low yesterday as total market capitalization is still around $140 billion. Bitcoin has clawed back a couple of percent on the day to take it to $4,360 after dumping to a new low of $4,195 yesterday. The predictions are not pretty however and many expect BTC to drop to $3,000 in the coming months. Ethereum has made no recovery and is still at its lowest level for 18 months, trading at $125. Altcoins are largely green today as they small gains from a huge loss over the week. In the top ten Monero is making the most headway as it adds 4% to take it to $66, Bitcoin Cash has also managed to pull 3% back on the day. The rest are up a percent or two aside from XRP which hasn’t moved. There are a couple of movers in the top twenty right now, Iota is adding 6% but it is still at a very low level of $0.322. Bitcoin Gold has made it to $20 with an 8% gain on the day and Neo has made almost 5% back. These gains are very insignificant however as most altcoins have lost as much as 40% over the past week or so. There are only three cryptos with double digit gains in the top one hundred during the Asian trading session this morning. Revain is getting some fomo with a 19% pump, Bitcoin Diamond and Nexo are also performing well at the moment with 16 and 12 percent gains respectively. At the messy end of things is ODEM dumping 15% on the day. At the time of writing total crypto market capitalization was $140 billion which has climbed 1.5% since its all-time low for the year of $136 billion yesterday. Over $40 billion has been lost since last weekend resulting in a 23% market slide. On the month markets have shrunk by a third as $70 billion has left the space. Bitcoin’s dominance is creeping up towards 54% as all of the altcoins keep bleeding. Further losses look likely as Bitcoin finds its bottom, the crypto winter is far from over. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: No Recovery From Recent Rout appeared first on NewsBTC.

3 months ago

It might be Sunday and markets are indeed down but for us at...

It might be Sunday and markets are indeed down but for us at Nexo it is a day like any other, so we are working on… https://t.co/qUN7RKLuG3

3 months ago

The First Nexo Dividend payout is on December 15, 2018! As ...

The First Nexo Dividend payout is on December 15, 2018! As a profitable enterprise from the start, we are excited… https://t.co/3S2zYa5KTA

3 months ago

Servicing the Turkish lira along with 40+ currencies allows ...

Servicing the Turkish lira along with 40+ currencies allows Nexo to help millions of crypto fans in countries that… https://t.co/KvRQnUMofI

3 months ago

Nexo Now Exploring xRapid after Supporting XRP as Collateral for Crypto-backed Loans

After supporting XRP as collateral for crypto-backed loans, Nexo, the world’s first instant crypto-backed loans provider is exploring xRapid. Recently, Ripple partner TransferGo also admitted looking into xRapid. Instant crypto-backed loans provider Nexo Looking into xRapid Nexo, a new platform that offers the world’s first instant crypto-backed loans is exploring another of Ripple’s products called xRapid. It was revealed when XRP enthusiast, EDadoun asked Antoni Trenchev, co-founder and managing partner at Nexo, “It’s really exciting to see the work and support that you guys are showing towards $XRP. Does @NexoFinance have any intention of adopting $XRP usage, either directly or via @Ripple products, beyond its current loan/collateral functionality?” As Trenchev asked further clarification, “Can you clarify exactly what you mean by XRP usage via Ripple products?” EDadoun specified in part, “I’m referring to an XRapid or XVia integration.” To this Trenchev replied, “We have been talking to Ethan about Xrapid, will keep you posted.” Tweet in relevance is this, I’m referring to an XRapid or XVia integration. If I’m barking up the wrong tree then forgive me 🙂 I’m a big fan of the nexo project regardless! — ecent (@EDadoun) November 13, 2018 So, exploration and talks are definitely going on and we can expect Nexo getting involved in xRaid in the future as well. According to its website, “xRapid uniquely uses a digital asset, XRP, to offer on-demand liquidity, which dramatically lowers costs while enabling real-time payments in emerging markets. Built for enterprise use, XRP offers banks and payment providers a highly efficient, scalable, reliable liquidity option to service cross-border payments.” Recently, TransferGo replied on Twitter that it is looking into xRapid that already is in partnership with Ripple to provide its customers real-time money transfers. With the objective, “Don’t sell your crypto. Don’t lose the upside potential. Keep it and get an Instant Loan from Nexo,” the crypto backed loan platform supported XRP for the same just at the end of last month. The official announcement he shared at that time read, “XRP is the third largest cryptocurrency and is one of the fastest and most scalable digital assets, aiming to enable real-time global payments anywhere in the world. Nexo continues to push the boundaries within the crypto-lending space by becoming the first lender ever to start accepting XRP as collateral for crypto loans, thus providing an incredibly powerful utility feature to the cryptocurrency.” The platform already provides its services in more than 40 fiat currencies and over 200 jurisdictions. As for the security, it has partnered up with “SEC-approved custodian and Goldman Sachs-backed custodian,” BitGo that means clients can avail loans of up to $2 million per individual account. At the time of writing, XRP has been trading at $0.50 with 24-hours loss of 4.39 percent. The $20 billion cryptocurrencies is constantly adding clients and exchanges to its name. The post Nexo Now Exploring xRapid after Supporting XRP as Collateral for Crypto-backed Loans appeared first on Coingape.

3 months ago

@HammerToe @haydentiff @Entricity @YassinMobarak Once loan i...

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3 months ago

The Ripple Effect: Crypto Backed Lending Platform Exploring XRP-Powered xRapid

The crypto lending platform Nexo says it’s exploring Ripple’s xRapid, which uses XRP to boost the speed and lower the cost of cross-border payments. The announcement comes from Antoni Trenchev, the co-founder and managing partner of Nexo. We have been talking to Ethan about Xrapid, will keep you posted 🙂 — Antoni Trenchev (@AntoniNexo) November […]

3 months ago

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3 months ago

Overall Crypto Market Sees a Slight Dip

The overall crypto market has seen a slight dip over the past 24-hours as the entire market cap has decreased by more than $2 billion. At the time of writing, Bitcoin (BTC) is trading at a price of $6,362, a decrease of 0.23%, while Ethereum (ETH) is down 1.58% and trading at a price of $206.69. The best performing coin out of the top 100 coins is Nexo (NEXO), currently up 7.38% and trading at a price of $0.1556. (JF)

3 months ago

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3 months ago

Agora é possível comprar um Avião com criptomoedas

Por: Livecoins É correto dizer que o mercado de criptomoedas é especulativo, várias pessoas compram ativos digitais na esperança de uma valorização futura. Uma das motivações para acreditar nessa valorização é a adoção a longo prazo. Isso é, quanto mais as pessoas e empresas aceitarem as criptomoedas como meio de pagamento, mais elas terão valor. Conforme o Livecoins relatou, um estudo recente revelou que o dinheiro total atual no mercado de criptomoedas representa “míseros” 0,013% do total de dinheiro e ativos do mundo. O mesmo estudo revelou que se este número subisse para 1%, teríamos algo em torno de US $ 8 trilhões no mercado de criptomoedas. Muito dinheiro para um percentual pequeno. Muitos especialistas acreditam que a criptoeconomia vai continuar a crescer, as criptomoedas vão continuar a serem adotadas de forma massiva nos próximos anos, tanto por comerciantes, quanto por grandes instituições. Já existem mais de 5.000 criptomoedas criadas, e uma média de 20 novas são anunciadas todos os dias. Quando falamos em adoção, podemos entender que todo comercio, pessoa ou empresa que passe a aceitar criptomoeda como forma de pagamento faz parte da revolução. Já é possível comprar muitas coisas com criptomoedas, desde roupas até carros. Agora é possível comprar um avião! Na última quinta-feira (9), a Startup Aeron anunciou que estava vendendo uma avião através da Pilot Shop. A aeronave (Modelo Columbia 350 de 2007) pode ser comprada com Tokens Aeron (ARN) ou Binance Coin (BNB). Para comprar, o interessado deverá desembolsar 31.603 BNBs, algo em torno de R$1.132.144 na cotação da Binance Coin Hoje. #useBNB to buy airplanes. https://t.co/SPve0D8b4h — CZ Binance (@cz_binance) November 9, 2018 O proprietário não identificado do Avião não está sozinho na decisão de aceitar BNB como pagamento, já que vários estabelecimentos estão apoiando o ativo digital nativo da Binance como um modo viável de pagamento. A Hublot, uma marca de relógios suíços de renome mundial, também revelou suporte para pagamentos com criptomoedas, lançando o exclusivo relógio “BIG BANG P2P”, um relógio inspirado no Bitcoin, criado para comemorar o décimo aniversário da criptomoeda. A Remixpoint também divulgou um plano para integrar pagamentos com Bitcoin, Bcash e Ethereum em seus serviços de transporte. E ainda, segundo a Bloomberg, a Hinomaru vai aceitar pagamentos cripto para viagens de limusine entre os 23 distritos de Tóquio, Haneda e Narita, e dois dos aeroportos mais populares da região. Entusiastas de criptomoedas podem então comprar relógios artesanais, passeios de limusine e um avião para quatro pessoas através do ecossistema de ativos digitais descentralizado. E não se esqueça da mansão de Roy Niederhoffer em Nova York, que o gestor de fundos de hedge anunciou recentemente por um valor de US $ 15,9 milhões, ou o equivalente em Bitcoin. O CEO da Binance, CZ, veio ao Twitter para anunciar: “#UseBNB para comprar aviões”. A Binance tem mostrado esforços para tornar a BNB mais que um token para pagamento de taxas na plataforma. Outras plataformas que aceitam ou utilizam a BNB incluem PundiX, Rede Kyber, Coinbates, Nexo e, é claro, a própria Binance. A Binance publicou uma imagem (abaixo) mostrando “casos de uso para a BNB que estão surgindo a cada dia”. O artigo Agora é possível comprar um Avião com criptomoedas apareceu primeiro em Livecoins.

3 months ago

Crypto Investors Can Now Buy Aircraft With Binance Coin (BNB)

Although many pundits disagree on the short-term prospects for digital assets, the push for adoption is a bandwagon that crypto investors, insiders, and leaders alike can easily hop onto. Hence why many were over the moon, so to speak, when Changpeng Zhao revealed that Binance Coin (BNB), an ERC20 token on Ethereum, could be used to purchase an aircraft. Binance CEO: “#UseBNB To Buy Airplanes” On Thursday, Aeron, a startup with aspirations of “saving people’s lives” through blockchain technologies, revealed that one of its ventures, Pilot Shop, had listed an aircraft for sale. Interestingly, while the plane, a well-kept Columbia 350 from 2007, was listed for 268,000 Euros, Pilot Shop revealed that it would accept Aeron tokens (ARN) and Binance Coin (BNB) in exchange for the hunk of metal. At the time of press, prospective buyers will need to fork over ~31,603 BNB or 446,666 ARN tokens to purchase the aircraft, which is currently based in Austria. Zhao, who once explained that he would “personally shill projects that integrate BNB into their ecosystem,” took to Twitter to relay the crypto-friendly development, issuing a short, but sweet message highlighting this interesting and unexpected case of adoption. #useBNB to buy airplanes. https://t.co/SPve0D8b4h — CZ Binance (@cz_binance) November 9, 2018 The announcement comes just days after Tokyo-based Hinomaru Limousine, in collaboration with Remixpoint, reportedly released a plan to integrate Bitcoin, Bitcoin Cash, and Ethereum payments into its transportation services. Per Bloomberg’s insider sources, Hinomaru will likely be enabling crypto payments for limousine rides between Tokyo’s 23 wards and either Haneda or Narita, two of the region’s most popular airports. Hublot, a world-renowned Swiss watchmaking brand, also unveiled limited support for crypto payments, releasing the exclusive “BIG BANG P2P” watch, a Bitcoin-inspired timepiece created to celebrate the cryptocurrency’s 10th anniversary. Related Reading: Bitcoin Turns Ten: Today And What’s Next? So now, affluent crypto enthusiasts will be able to purchase artisanal timepieces, limousine rides, and a four-person aircraft through the decentralized digital asset ecosystem. And don’t forget Roy Niederhoffer’s New York mansion, which the hedge fund manager recently listed on the open market for a jaw-dropping $15.9 million, or the equivalent in BTC. Binance Coin Gains Traction In Payments It is important to note that the aircraft’s unnamed owner isn’t alone in his or her’s move to accept BNB, as a quickly swelling number of outlets have unveiled that they will be supporting Binance’s native digital asset as a viable mode of payment and utility. Crypto.com, for example, recently shipped the first batch of its Monaco Visa cards to consumers in Singapore. The program, which was anticipated by over 100,000 crypto investors, allows users to purchase real-world items for Bitcoin, Ethereum, Litecoin, Monaco, and Binance Coin. Monaco, which also offers cashback rewards in crypto, travel benefits, free ATM withdrawals, and tap-to-pay functionality, somehow comes in at a staggering $0, which is likely a price point that has consumers clamoring. And ultimately, a price point that will only bolster the adoption of crypto assets and blockchain technologies. Other prominent platforms that accept or utilize BNB include PundiX, Kyber Network, Coinbates, Nexo, and, of course, Binance itself. Binance, releasing a message of excitement to accompany this adoption-accentuating list (seen above), noted that “new use cases for BNB are popping up every day.” This, interestingly, underscores the theme of this nascent industry’s continual steps towards maturation, even in spite of the crypto market’s dismal performance in 2018. Featured Image From Shutterstock The post Crypto Investors Can Now Buy Aircraft With Binance Coin (BNB) appeared first on NewsBTC.

3 months ago

A flurry of Stablecoins find listing of COBINHOOD

The demand for stablecoins doesn’t seem to be ending as nearly all exchanges are adding them to take advantage of the stablecoin craze among its users. The recent addition to the list of exchanges is Cobinhood which has added four stablecoins to its platform. GUSD, DAI, PAX and TUSD now available on Cobinhood Cobinhood, a cryptocurrency service platform, and exchange, in order to satiate the growing demand of stablecoins among the users announced that it is adding four (4) stable coins on its exchange: the Gemini Dollar (GUSD), MakerDao (DAI), Paxos Standard Token (PAX) and TrueUSD (TUSD). THe exchange believes that each of these stablecoins has a unique set of features that achieve same end result: increased market stability and user flexibility. On this latest addition, the Co-Founder of Cobinhood, Wei-Ning Huang, was quoted saying “The biggest flaw in the market right now is uncontrolled fluctuations in the value of many customary cryptocurrencies. We are increasing the presence of stablecoins on the COBINHOOD exchange so the community understands that their voices have been heard and stability is being made possible. Our mission is to make the space more approachable for anyone who wants to participate.” Stablecoins have been the recent trend among the crypto enthusiasts apart from providing stability they also seem to be a bridge between the traditional financial world and the cryptoshpere. Over past month or so a lot of exchanges have added stablecoins. Last month Huobi also had announced it would list four U.S. dollar-pegged cryptocurrencies this week. In the announcement then, the Singapore-based exchange which currently has the fourth-largest by trading volume had said that it would open deposits and withdrawal for TrustToken’s TUSD, Circle’s USDC, and two regulator-approved stablecoins: the Gemini exchange’s GUSD and Paxos’ PAX, on Oct. 19. Another exchange, Liquid, which known to be a trading platform that bridges fiat and crypto, this week had added a couple of stablecoins. The exchange had announced that it has added multiple stablecoins including Gemini Dollar (GUSD) and Circle’s USDC. In early November Circle, in its official blog post, had said that not less than 12 exchanges have expressed their plans of joining the ecosystem for the incorporation of the USD coin. Some of the exchanges that were named in the blogpost were The exchanges are BitMart, Fcoin, Gatecoin, Hanbitco, Hotbit, SWIFT, OCP Capital, DDEX and Bit-Z. Others that had shown interest for USDC also included Nexo a crypto loans provider and crypto wallets providers BitKan and Tokenary Looking at the recent listings of Stablecoins one can definitely say their demand is at the peak now and if the inference of them being a bridge between the crypto world and traditional financial world is true, we can be sure that this money would soon be converted to cryptos. What is your view on this Stablecoin frenzy. Is it a fad or are these coins here to stay? Do let us know your views on the same. The post A flurry of Stablecoins find listing of COBINHOOD appeared first on Coingape.

3 months ago

Nexo services thousands of instant crypto loans worldwide, i...

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3 months ago

Cryptocurrency Trading Update: Crypto Market Cap Reaches Monthly High

FOMO Moments More midweek momentum pushes markets higher; Bitcoin Cash racing ahead, Zcash, XRP and ETH doing well. Markets are on the move. Yesterday’s momentum has grown during Asian trading on Wednesday morning and total crypto capitalization has made it back over $220 billion for the first time in almost a month. Bitcoin has awoken and has shifted gear, climbing 1.4% on the day to $6,515. The jump came two hours ago when BTC added almost $100 in one movement. Trade volume has increased almost a billion dollars and is now at just under $5 billion on the day. Ethereum is also risen from its torpor and shifted 5.5% on the day to $220. It is the highest level ETH has been at for four weeks. Trade volume is up almost 25% as it races to keep second spot from XRP which is closing up. In the top ten Bitcoin Cash is nailing it with almost 11% on the day taking BCH to almost $620. This upsurge has been predicted due to the upcoming hard fork and associated coin distribution. Solid gains have been seen by XRP adding 6% on the day to $0.536, Stellar close behind with 5.5% taking XLM to $0.262. EOS and Cardano are both up over 4% and Monero is the only non-mover at the moment. Good gains also in the top twenty with Zcash taking the lead on 7% to $130. Neo, Ethereum Classic and Nem are all doing well today gaining over 5% right now. Following Bitcoin Cash the top performing altcoins in the top one hundred right now are Holo, Aurora, Qtum and MOAC, all adding 7-8 percent to their prices today. Nexo and Ravencoin are still dropping though, losing 3-4 percent when all of their siblings are making moves in the opposite direction. Total crypto market capitalization has seen its largest daily gain for three weeks as 3.8% brings it to $220 billion. Over $7 billion has been added over the past 24 hours and over $16 billion over the past seven days. A smooth upswing has started to form on the weekly chart, have the bulls finally awoken? Bitcoin dominance continues to decline, largely at the expense of BCH and XRP, it is currently 51.5%. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Trading Update: Crypto Market Cap Reaches Monthly High appeared first on NewsBTC.

3 months ago

Ripple’s On Fire: XRP Surges 20% In 24 Hours (Here Is Why)

Ripple is unstoppable after having the past few months full of positive events for the project. The cryptocurrency has increased its value from $0.46 to a current daily high of $0.57 - which is nearly a 20% rise - in a matter of 24 hours. Ripple’s current market cap is $21.6 B, very close to replacing Ethereum for the second biggest cryptocurrency, following last month’s flippening. XRP-USD Chart. Source: TradingView Ripple’s latest hype (as reported on CryptoPotato) On our report from 10 days ago, Ripple has achieved significant progress in boosting its ecosystem with new partnerships, solutions, and more. On October 23, the organization’s cryptocurrency has got a dedicated exchange, which is entirely XRP-based. A day before, a digital currency loan platform - Nexo - has added the coin as a collateral option for the service’s instant crypto loans. While the cryptocurrency exchange Changelly has added support for XRP and another exchange Coinbase has been provided an NYDFS license for custody services for the third largest coin, Ripple has been on the rise with new partnerships. The most significant of them all is the organization’s rumored partnership with the National Bank of Kuwait. However, other institutions, such as Sri Lanka’s ComBank and the Texas-based Catalyst Corporate Federal Credit Union, are exploring Ripple’s payment services. More reasons for the current hype A few days ago, Ripple’s xRapid - the company’s low-cost and fast cross-border payments solution - enriched with a new partner, SendFriend. Although its still in early access, several organizations - including cryptocurrency exchanges Bittrex and Bitso as well as the currency specialist Mercury Fx - have requested access to Ripple’s cross-border payment solution. While most of Ripple’s xRapid partners are running centralized solutions, SendFriend is a remittance platform based on the blockchain. SendFriend seeks to reduce the costs as well as the time it takes to send a transaction to friends and families for people working in overseas countries. To improve its services as well as the overall experience for its customers, SendFriend has joined as a partner to xRapid. SendFriend’s solution is backed by prominent names, including MIT Media Lab, Barclays, TechStars, MasterCard Foundation, Mahindra Finance, and Deloitte. SendFriend CEO David Lighton stated that their partnership with Ripple would allow a higher efficiency with capital on the backend of his company. According to Mr. Lighton, xRapid would allow SendFriend to conduct real-time settlements without any pre-funding and without the need to manage foreign exchange fees. Ripple opens new office in Dubai During the Global Islamic Economic Summit 2018 last week, the company behind the third largest cryptocurrency announced plans to open an office in the United Arab Emirates - more precisely in Dubai - at the end of the year. Ripple’s Global Head of Infrastructure Innovation Dilip Rao stated that his company seeks to fully enter the Asian and the Middle Eastern market in the near future, and they will open up the Dubai office to serve as the base of operations for these two markets. According to Mr. Rao: “Ripple’s cost-efficient, flexible, and cheap solutions will allow his company to align with the UAE’s plans on implementing blockchain tech for a wide range of applications.”, He emphasized that it is “fantastic” that the UAE government seeks to move half of its transactions to the blockchain by 2020, which is expected to encourage innovation. “If you want to send this money, particularly you’re not clear about what the fees are going to be that the bank is going to charge on the other end. And therefore, what you’ll receive might be substantially less than what you sent out. And if you’re sending money for blue collar workers, this often can be a small amount of money, $200, and the fees for these kinds of small payments can be as high as 5 to 10%. So this is hurting the people who can afford it the least,” Mr. Rao added about the importance of cost-efficiency for blue collar workers. According to Mr. Rao, the Middle Eastern market is of high importance for Ripple since there is a high demand for cost-efficient and fast cross-border payment solutions as many of the workers are foreigners who send a part of their salaries back to their families and friends. He added that Ripple is fully entering the Middle Eastern market - where they have numerous institutions as partners, including Saudi Arabia’s Al-Rajhi Bank and the Kuwait Finance House - will support the economy. The post Ripple’s On Fire: XRP Surges 20% In 24 Hours (Here Is Why) appeared first on CryptoPotato.

3 months ago

The NEXO Token is now trading on @BithumbOfficial DEX. This ...

The NEXO Token is now trading on @BithumbOfficial DEX. This leading global cryptocurrency exchange will provide abu… https://t.co/HyhCyiUJ6T

3 months ago

Meet The Top 5 Crypto Loan Platforms

Featured Content - In November-December of 2017, the majority of late crypto adopters found themselves on the very top of the crypto hype that seemed, back then, like an easy opportunity for anyone to multiply one’s capital. The hype went down, and those who invested at the peak of the hype had to face the inevitable consequences. Some sold Bitcoin shortly after the price went down. Others decided not to give up, and they continued to HODL up until this very moment. What to do if you need cash but don’t want to give up on your crypto? The demand for instant cash sparked the need for a new type of financial services - “crypto loans.” Crypto loan platforms are a type of service that allows one to put his/her crypto down as collateral and borrow fiat at a ratio. Below are some of the most notable crypto loan services that currently exist on the market. SALT Lending SALT Lending is a blockchain-backed loan platform that allows you to get cash deposited directly into your bank account. The company has over $50M in loans serviced, 30 lendable jurisdictions worldwide, and over 64,000 platform users. On the downside, SALT is limited to a low number of cryptocurrencies that can be used as collateral. Additionally, the loan-to-value ratio is relatively low (up to 60%). Nexo Nexo calls its services “The World’s First Instant Crypto-backed Loans.” Loan amounts are from $1,000 to $2,000,000. Nexo uses Onfido (trusted by Coinbase and others) for its regulatory compliance. Moreover, the platform has over $1 billion in instant crypto-backed loan requests. On the down side, Nexo is known for its hidden fees, limited number of collateral crypto wallets and limitations when it comes to cash withdrawals. Unchained Capital Unchained Capital is a service that offers dedicated collateral addresses on blockchain for easy monitoring. The site offers 12-18% APR over a length of 3-60 months. The site does not perform hard credit checks. Interest rates will vary by state. On the down side, the site offers BTC/ETH loans only. Also the company’s loan to value ration is pretty low - 35-50%. ETHLend ETHLend is a platform for digital asset-backed loans, allowing the LEND token to be used as the medium of exchange where fees can be reduced to 0. The digital assets that are used as loan collateral are stored in a public Ethereum blockchain to obtain high network security with the use of a non-custodian depository smart contract. Because the transactions are broadcasted on a public Ethereum blockchain ledger, the transactions are transparent and auditable by the public. On the downside, ETHLend is limited to 1 crypto collateral only - ETH. YouToken Loan Perhaps one of the youngest and most promising crypto backed loan platforms, YouToken Loan is a service platform with bank accounts in Switzerland. The platform allows for someone to lend crypto as collateral with a high loan-to-value ratio of up to 70%, for up to $10,000 in fiat/cash (bigger loans are offered to selected borrowers). YouToken Loan has its own fund and accepts all major cryptocurrencies as collateral (BTC, ETH, LTC, BCH, XRP, etc.). In addition, the platform accepts all major Cards (Visa, MasterCard, Maestro, American Express, etc.) and all major types of web payments (Qiwi, PayPal, Apple Pay, Skrill, etc.). Unlike the majority of other crypto backed platforms, YouToken offers transparency and absolutely no hidden fees. No credit checks are required. YouToken’s interface is simple and sexy. On the downside, YouToken Loan does NOT serve U.S. citizens, as well as citizens of China and Korea. Conclusion Today, we live in a period of time after the crypto market fell. The demand by crypto investors for instant cash has built the foundation for the crypto loan industry. It seems that crypto HODL-ing is an ongoing trend, and one of its symptoms is the rise of crypto loan service platforms. Will we see investors still HODL-ing in 2018 and 2019? Only patience and time will tell. The post Meet The Top 5 Crypto Loan Platforms appeared first on CryptoPotato.

3 months ago

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3 months ago

GK Group’s KAMBO Platform Launches To Put Idle Cryptocurrency To Work

UK-based fintech and financial services conglomerate Global Kapital Group (GK Group) has formally released its dedicated cryptocurrency loan platform KAMBO.io as the sector quickly diversifies. Bitcoin And Ethereum As Loan Collateral In a press release dated October 30, GK-Group, which has operated various brokerage, consumer and business finance services since 2010, said it planned to level the playing field for private investors looking to use their cryptocurrency holdings as collateral. Instant loans are available in the modest range between $1000 and $10,000, while larger sums are reviewed and approved within 48 hours. Collateral can come in the form of either Bitcoin or Ethereum (though more cryptocurrencies are planned to be added soon). “We believe cryptocurrencies and novel fintech concepts will liberate the financial ecosystem, and more tools a system has healthier it becomes,” co-founder Can Gulec explained. “Our goal is to build those tools, starting with giving people basic freedoms to use their cryptocurrencies as they please.” The platform makes money by charging 14 percent APR on all loans, a model similar to other actors set to launch in the fledgling cryptocurrency loans market. No ICOs Amid the ongoing bear market across crypto-assets, KAMBO and others see a desire among consumers to put their cryptocurrency to work while waiting for markets to pick up. Unlike competitors such as Salt Lending and Nexo, GK Group has taken steps to avoid raising funds via an ICO. Pointing to statistics showing the extent of losses taken by investors in token sales since 2017 prior to the launch, KAMBO suggested conducting an ICO of its own could prove counterproductive, adding it did not need to raise funds to build and operate a lending platform. “...People have seen through the smokescreen and realize, like many governments and regulators, that ICOs are mostly big and empty promises,” executives wrote in a blog post. “Our mandate is to rather underpromise, and then over deliver.” What do you think about KAMBO.io? Let us know in the comments below! Images courtesy of Shutterstock. The post GK Group’s KAMBO Platform Launches To Put Idle Cryptocurrency To Work appeared first on Bitcoinist.com.

3 months ago


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