Nexo is a blockchain-based, cryptocurrency-backed loan system created by the European FinTech company Credissimo. Users deposit supported cryptocurrency coins and tokens into a Nexo wallet and receive an instant cash loan in either USD or EUR.

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Nexo Allocates Additional $50M to Long-standing Token Buyback Initiative
Crypto lending platform Nexo has approved periodic repurchases of its NEXO token for up to $50 million.
Nexo Offers to Acquire Vauld Group after Celsius's Cold Treatment
Nexo’s plan to buy a cryptocurrency lender may be coming to fruition as the company has shown interest in acquiring Vauld Group.
Nexo Hires Citigroup to Advise on Potential Acquisitions
Crypto lending platform Nexo announced that it has tapped Citigroup to advise it on the potential acquisition of other crypto firms hit by the recent market downturn.
Three Worst Hit Altcoins by the Current Market Onslaught: ETH, NEXO, and XMR
Amidst the ongoing onslaught, this piece analyzes three altcoins that are worst hit by the correcting prices. The selection is based on the top 100 coins listed on CoinMarketCap.
Nexo Launches Crypto-Backed Credit Cards in Europe in Partnership With Mastercard
Digital assets platform Nexo has inked a deal with Mastercard and DiPocket to launch crypto cards that will allow its customers in Europe to spend digital currencies without touching their funds.
Nexo Ventures Emerges With $150M Funding for Web3.0
Digital assets lending platform Nexo has launched Nexo Ventures, its incubation fund bootstrapped with $150 million to fund a variety of Web3.0 initiatives.
South Korean Billionaire Businessman Kim Jung-ju Passes away, Aged 54
Kim Jung-ju passed away at the age of 54. He is the founder and the chairman of South Korea's largest gaming firm, Nexon. The online gaming company has made multiple headlines, and of late is getting into cryptocurrency.

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