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Nexo price, market cap on Coin360 heatmap

Nexo(NEXO)

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$0.609728
(-3.11%)
0.00002345 BTC
Market Cap (Rank#93)
$341,447,609
13,130 BTC
Vol 24h
$1,999,171
76.8765 BTC
Circulating Supply
560,000,011
Max Supply
1,000,000,000
29 days ago cryptodaily
Cryptocurrency Lender Nexo Dissolves Two UK Units
Troubled crypto lender Nexo has taken steps to dismantle two of its subsidiaries in the UK. Bloomberg reports cryptocurrency lender Nexo is closing two of its units in the United Kingdom as it faces legal troubles in Bulgaria for its alleged involvement in illegal activities. According to co-founder Antoni Trenchev, the London-based applied to dissolve Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd. as part of a “restructuring” plan. Trenchev said the firm will not consider leaving the UK in its entirety but is “rethinking” how it goes about “servicing clients.” Nexo Under Investigation Elsewhere in Europe Nexo is currently the subject of a large-scale investigation in Bulgaria relating to allegations of money laundering, computer fraud, tax offences and various other crimes. Bulgarian authorities raided the lender’s offices in January, and prosecutors claim that around $94 billion has been processed by Nexo’s platform over the past five years. Prosecutors added that there is evidence that at least of the lender’s users has been declared a financier of illegal and terrorist activities. At the time, Nexo was reportedly cooperating with investigations. The United States Securities and Exchange Commission (SEC) charged the platform with failing to register the sale and offer of its crypto asset lending product. Nexo agreed to pay a penalty totalling $45 million to settle the charges. $22.5 million was paid as a penalty for its unregistered offer, with an additional $22.5 million in fines to settle similar charges brought by state regulatory authorities. Nexo came under fire from US regulators in eight states for allegedly offering its product without registering it as securities and for not properly disclosing the products to customers. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
30 days ago cryptopotato
Nexo to Dissolve UK-Based Units in Restructuring Plans
Nexo is restructuring its operations but does not plan to leave the United Kingdom.
30 days ago nulltx
Nexo (NEXO), dYdX (DYDX), and Tradecurve (TCRV): Which one has investors talking?
The current outlook on traditional finance is rather bleak, with numerous major banks collapsing and inflation reaching record levels investors and savers are forever looking at assets which can house their hard earned capital. As such, many began diversifying into cryptocurrencies with three specific tokens capturing a whirlwind of attention; they include Nexo (NEXO), dYdX […]
36 days ago coindesk
New York Attorney General Seeks New Crypto Powers for State Regulators: Report
The bill follows legal suits taken by Letitia James in connection to crypto companies like Celsius, CoinEx and Nexo.

About Nexo?

The live price of Nexo (NEXO) today is 0.609728 USD, and with the current circulating supply of Nexo at 560,000,011 NEXO, its market capitalization stands at 341,447,609 USD. In the last 24 hours NEXO price has moved -0.005272 USD or -0.01% while 1,230,216 USD worth of NEXO has been traded on various exchanges. The current valuation of NEXO puts it at #93 in cryptocurrency rankings based on market capitalization.

Learn more about the Nexo blockchain network and how it works or follow the price of its native cryptocurrency NEXO and the broader market with our unique COIN360 cryptocurrency heatmap.

Nexo is a cryptocurrency-based platform for loans. The Nexo crypto platform provides an opportunity for both becoming a lender and a debtor on a crypto loan. The project was developed by a FinTech company called Credissimo. Nexo uses the custodian services of BitGo, a blockchain development company that has a Securities and Exchange Commission (SEC) approval. Nexo token is an ERC20-based digital asset that provides special privileges for its users when working with the Nexo platform. Still, other cryptocurrency assets can also be used and exchanged freely on the platform. Nexo token was also used for the Nexo ICO and airdrop campaigns. Nexo ICO raised more than 52 million USD for platform development, considered a positive evaluation of its potential. Check out the latest Nexo price, the NEXO price charts for various time periods and all relevant metrics on Coin360.com.
Nexo Price0.609728 USD
Market Rank#93
Market Cap341,447,609 USD
24h Volume1,999,171 USD
Circulating Supply560,000,011 NEXO
Max Supply1,000,000,000 NEXO
Yesterday's Market Cap351,567,035.29 USD
Yesterday's Open / Close0.63307 USD / 0.627798 USD
Yesterday's High / Low0.640833 USD / 0.621804 USD
Yesterday's Change
-0.01% ( 0.005272 USD )
Yesterday's Volume1,230,216.12 USD
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