Nexo Crypto Lending Platform

Overview

Nexo is one of the largest CeFi crypto lending platforms, offering crypto-backed loans, high-yield savings accounts, and the Nexo Card. Founded in 2018, Nexo serves over 5 million users with up to 90% LTV on loans, daily interest calculation, and insurance coverage on custodial assets.

All-in-One Platform

Nexo is more than just a lending platform — it offers loans, savings, a crypto-backed credit card, and an exchange. This makes it a comprehensive CeFi financial platform for crypto users.

High LTV & Daily Interest

Nexo offers up to 90% LTV on certain assets and calculates interest daily, meaning users pay only for the time they use the loan. The platform also offers better rates for users who hold NEXO tokens.

Pros & Cons

Pros

Up to 90% LTV on certain assets
Daily interest calculation — pay only for time used
High-yield savings accounts
Nexo Card for spending crypto
Insurance coverage on custodial assets
Better rates for NEXO token holders

Cons

Custodial — platform holds your assets
KYC required — strict verification
Best rates require NEXO token holdings
Regulatory issues in some jurisdictions
Not available in all countries

Frequently Asked Questions

What LTV does Nexo offer?

Nexo offers up to 90% LTV on certain assets, which is among the highest in CeFi lending. This allows you to borrow more against your collateral compared to most platforms.

How does daily interest work on Nexo?

Interest is calculated daily, meaning you only pay for the time you actually use the loan. You can repay at any time without penalties, and the interest stops accruing immediately.

Is Nexo safe?

Nexo provides insurance coverage on custodial assets through partnerships with leading custodians. However, as a custodial platform, your assets are held by Nexo. The platform has operated since 2018 and serves over 5 million users.