cryptocurrency widget, price, heatmap
Search icon
Search icon
Telegram iconTwitter icon
Share icon
Share page
Nexo price, market cap on Coin360 heatmap

Nexo(NEXO)

Arrow icon
Add to watchlist
$0.664293
(-0.09%)
0.00003857 BTC
Market Cap (Rank#89)
$372,004,133
21,599 BTC
Vol 24h
$2,781,340
161.488 BTC
Circulating Supply
560,000,011
Max Supply
1,000,000,000
2 days agozycrypto
Crypto Lender Nexo to Exit US Market Over ‘‘Unclear Regulations’’
Cryptocurrency borrowing and lending platform Nexo has announced that it is withdrawing its products from the United States over the ‘‘coming months’’ over regulatory challenges.
2 days agocryptodaily
Genesis Creditor Loans Near $2B, Crypto Daily TV 6/12/2022
In Todays Headline TV CryptoDaily News: Crypto Lender Nexo To Quit United States UK-based crypto lender Nexo said on Monday it would phase out its U.S. products and services over the coming months due to clashes with regulators. Genesis Creditor groups' loans amount to $1.8B. Customers whose money is locked up on trading and lending platform Genesis and who have taken legal advice on the matter currently account for some $1.8 billion of loans, according to a person familiar with the situation. And that number looks like it will continue to grow. Another round of job cuts for Bybit. Crypto exchange Bybit will implement another round of job cuts as it tries to refocus its operations amid a "deepening bear market," CEO Ben Zhou announced, A screenshot of a message in which Zhou said the layoffs would affect 30% of staff, taken from the company's internal messaging platform, was floating around Telegram group chats on the same day. BTC dropped 0.9% against USD in the last session. The Bitcoin-Dollar pair fell 0.9% in the last session. The Stochastic indicator is giving a negative signal. Support is at 167581 and resistance at 173841. The Stochastic indicator is currently in the negative zone. ETH/USD plummeted 1.6% in the last session. The Ethereum-Dollar pair dove 1.6% in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 1223.931 and resistance at 1312.091. The Ultimate Oscillator is currently in the positive zone. XRP/USD made a minor downward correction of 0.1%. The Ripple-Dollar pair corrected downwards in the last session, falling 0.1%. The Williams indicator's negative signal aligns with the overall technical analysis. The Williams indicator gives a negative signal. LTC/USD exploded 3.8% in the last session. The Litecoin-Dollar pair gained 3.8% in the last session after rising as much as 8.9% during the session. The ROC's positive signal is in line with the overall technical analysis. Support is at 75.1433 and resistance at 78.4433. The ROC is currently in positive territory. Daily Economic Calendar: US API Weekly Crude Oil Stock The API’s Weekly Statistical Bulletin reports overall U.S. and regional data relating to refinery operations and the production of the four major petroleum products. The US API Weekly Crude Oil Stock will be released at 21:30 GMT, Australia's RBA Interest Rate Decision at 03:30 GMT, and the Eurozone's EcoFin Meeting at 07:00 GMT. AU RBA Interest Rate Decision The RBA Interest Rate Decision is announced by the Reserve Bank of Australia. The interest rates are a key mechanism through which the central bank influences inflation. EMU EcoFin Meeting The Economic and Financial Affairs Council, the main decision-making body of the Council of the European Union, is composed of the Finance Ministers of the 27 European Union member states. UK BRC Like-For-Like Retail Sales The British Retail Consortium Like-For-Like Retail Sales measures changes in the actual value of retail sales from participating companies with invaluable management information on a regular and reliable basis. The UK's BRC Like-For-Like Retail Sales will be released at 00:01 GMT, Australia's RBA Rate Statement at 03:30 GMT, and Japan's JP Foreign Reserves at 23:50 GMT. AU RBA Rate Statement Decisions regarding the interest rates are made by the Reserve Bank Board and are explained in a media release that announces the decision after each meeting. JP Foreign Reserves The Foreign Reserves are the total of a country's gold holdings and convertible foreign currencies held by its central bank. 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.
3 days agocryptopotato
Nexo is Leaving the United States Due to Regulatory Difficulties
Nexo said it is too difficult to comply with the “inconsistent and changing positions” of regulators in the United States.
3 days agocointelegraph
Nexo leaving US, says country lacks clear regulations
The crypto lending platform says it will no longer accept new registrations, and operations for existing customers will eventually be wound down.
3 days agocoindesk
Nexo to Depart US After Regulator Discussions Hit 'Dead End'
Crypto lender Nexo announced Monday it would stop offering services to U.S. customers over the next several months, and would immediately suspend Earn access in eight states.
4 days agocryptopotato
DOGE Soars 6%, BTC Stuck at $17K Amid Low Trading Volumes (Weekend Watch)
Dogecoin is the best performer from the larger-cap alts, while CELO and NEXO have gained the most from the mid-caps.
8 days agocoindesk
Crypto Exchanges Nexo and Gemini Expand to Italy, Register With Regulator
Entry into Italy's registry for virtual currency operators is mandatory to operate in the country.
17 days agocryptodaily
Investors claim crypto lender Nexo blocked their withdrawals
A family of investing entrepreneurs are suing Nexo for preventing them from withdrawing their funds and claim they were intimidated into selling crypto assets back to the lender at a 60% discount. Many centralised crypto lenders are feeling the pinch right now. If they aren’t in bankruptcy then they are very likely struggling with the lack of liquidity which is something the entire crypto space is suffering from. Nexo’s case is slightly different, given that hitherto the crypto lender has not received any allegations of insolvency. However, the way it has interacted with some of its investors does leave it open to some suspicion on this account. City A.M. covered a story earlier today of two brothers and their cousin who filed a lawsuit against Nexo, claiming that it had blocked their access to withdrawing the value of more than $126 million in cryptocurrencies, and that they had been intimidated into selling discounted $NEXO tokens worth millions back to the crypto lender under the threat of not being able to withdraw. The Mortons are a family of fintech entrepreneurs who originally began to have concerns over their investments in Nexo back in 2020. The concerns included Nexo’s status with the FCA, the UK regulatory watchdog, along with the amount of $NEXO tokens owned by employees of the company. The Mortons shared their concerns with Nexo in December 2020, but felt that they hadn’t received a satisfactory response, and so started to sell their $NEXO tokens in amounts that they hoped wouldn’t affect the token price. However, in March of 2021 Nexo imposed a withdrawal limit of $150,000 a day, and then went a step further the following day by greying out the withdrawal buttons on their apps, which prevented them from withdrawing any of their cryptocurrency at all from the platform. In addition, the two Morton brothers had their convert button greyed out, thereby preventing them from converting any of their cryptocurrencies. At this point the Mortons contacted Nexo and were told by an account manager that the blocks were applied to their account in order to “support the price of Nexo tokens.” The manager then offered a deal to unblock withdrawals if the Mortons would sell their $NEXO tokens back to the company for a 60% discount. The Mortons accepted the deal and were then able to remove nearly $39 million in Tether stable coins. However, had they been able to remove their $NEXO tokens at the time they originally wanted to, then they would have been worth around $84.5 million. 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.
17 days agocoindesk
Crypto Lender Nexo Sued for Allegedly Blocking $126M Withdrawals: Report
Nexo is being sued by a group of investors for allegedly blocking £107 million ($126 million) worth of crypto, according to a report.
22 days agocryptodaily
Binance CEO advises crypto investors not to buy right now
CZ, the CEO of Binance, said in an AMA on Monday that most people should not invest in the crypto market right now but should continue to hold instead. With all the uncertainty facing the crypto market currently, it probably isn’t a good time to be buying more crypto unless the buyer knows exactly what they are doing. So says Changpeng Zhao (CZ), CEO of Binance, who was giving this type of advice in an Ask Me Anything (AMA) session which went out live on Twitter on Monday. It does seem slightly odd advice from someone who gets their business from people investing in crypto, but it must be said, given the drama unfolding in the sector right now, the advice is sound. Crypto ‘degens’ would probably say “buy the dip”, which has been the mantra in crypto for many years, as bitcoin always climbed inexorably upwards. Nevertheless, CZ was in the mood for giving what did seem to be some sensible recommendations. He said: “You should not invest in crypto if you’re using money that you need for next week or next month, you should only be using discretionary cash that you don’t need for a long time,” The head of Binance went on to talk about “high volatility” and the current “unpredictableness” of the market. His view was that this was not a good environment for inexperienced traders to be entering the market, or to be buying more crypto. “Unless you’re very experienced, very mature, very confident, and can handle the risk, I would recommend most people just hold for this period of time,” Also on Monday, CZ announced that he wanted to put an “Industry Recovery Fund” together in order to help stronger crypto projects that were going through a liquidity crisis. He promised to inform the community on further developments as time went on. CZ also wrote in a tweet: “Crypto is not going away. We are still here. Let’s rebuild,” 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.
29 days agocointelegraph
Nexo dodges $219M bullet just days before FTX’s solvency crisis
The firm withdrew its remaining balance from FTX at the 11th hour and topped weekly fund outflows from the troubled exchange.
30 days agocryptodaily
FTX Appears to Have Stopped Processing Withdrawals
The chaos continues. According to on-chain data, cryptocurrency exchange FTX appears to have stopped processing withdrawal requests. Cryptocurrency exchange FTX currently finds itself in an ongoing battle with rival exchange Binance and appears to have halted processing clients’ requests for withdrawals. Data from Etherscan reveals that the last outgoing transaction from FTX on the Ethereum blockchain took place at 6:37 Eastern Standard Time. The same is true on the Solana and Tron blockchains. The crypto market is currently in turmoil as executives from the two largest crypto exchanges, Binance and FTX have been having it out on Twitter. Amid the ongoing conflict, FTT, the token created by FTX has been plummeting over the last 24 hours. The crisis started when Changpeng “CZ” Zhao tweeted that Binance plans to liquidate its FTT holdings. CZ however stated that while his organisation was “not against” anyone, it would not support those who “lobby against other industry players” behind their backs. Since going public with his decision to liquidate Binance’s position in FTT, it has spurred outflows on the exchange and well-known companies to start moving assets from FTX. CEO of FTX, Sam Bankman-Fried, tried to calm the market by tweeting that FTX and its assets are fine. He added that they have been and will continue to process all withdrawals. 2) FTX has enough to cover all client holdings.We don't invest client assets (even in treasuries).We have been processing all withdrawals, and will continue to be.Some details on withdrawal speed: https://t.co/tSjhJW3JlI(banks and nodes can be slow) — SBF (@SBF_FTX) November 7, 2022 FTX Witnesses Massive Outflows According to available data, over $451 million in stablecoins have flown out of FTX over the past seven days. FTX is said to be under severe pressure after growing but unsubstantiated rumors around the balance sheet of its sister firm Alameda Research have been purported. Concerns are growing that another Terra-like situation may occur as FTX’s stablecoin reserves have substantially decreased over the last day. Data reveals that stablecoin outflows have led to FTX’s reserve having decreased by $300 million, with the balance sitting at $261 million. Leading withdrawals are firms such as Jump Crypto and Nexo. According to Colin Wu, Jump withdrew $40 million USDC from FTX while Nexo withdrew over $90 million. 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.
31 day agocryptodaily
FTX Registers Huge Outflows Amidst Growing Liquidity Concerns
Sam Bankman-Fried-led FTX exchange has seen a huge surge in withdrawals, leading to a substantial drop in its stablecoin reserves. According to the available data, over $451 million in stablecoins has flown out of FTX over the past seven days. The exchange is under severe pressure amid growing but unsubstantiated rumors around the balance sheet of its sister firm, Alameda Research. Huge Outflows From FTX The past week has seen a considerable surge in stablecoin outflows from the FTX exchange, sparking concerns about the exchange’s financials. Market watchers also fear another Terra-like situation, as the exchange’s stablecoin reserves have substantially decreased over the past 24 hours. According to Nansen data, the past seven days have seen $451 million in stablecoin outflows caused by significant user withdrawals. The data also shows that the FTX reserve is down over $300 million, with the balance sitting at $261 million. Another analytics firm, CryptoQuant, showed that the reserve is currently at $107 million. This could be considered an improvement, given that it had plunged by over 90% to $51 million. Alameda Research Boosting Reserves According to available data, the slight increase in reserves was thanks to Alameda Research buying and sending stablecoins to FTX from other exchanges. According to data from Lookonchain, Alameda Research has withdrawn nearly $500 million USDC from Circle and sent it to FTX since the 3rd of November. The firm also withdrew nearly $200 million USDC from Circle after CEO Caroline Ellison stated that the company is willing to purchase Binance’s FTT reserves at $22 each. Jump Crypto And Nexo Leading Withdrawals According to Colin Wu, firms such as Jump Crypto and Nexo are leading withdrawals, having made substantial withdrawals over the past 24 hours. Wu stated that Jump withdrew $40 million USDC from FTX, while Nexo withdrew over $90 million. Several crypto influencers have also been urging their followers to withdraw their funds from the exchange. Ran Neuner, the founder of Crypto Banter, stated on Twitter, “I have nothing against FTX, but there is no upside to keeping funds on any exchange. More so on an exchange that has FUD. I’m almost sure FTX will be ok, but in the tiny chance that they are not, I wouldn’t want to think that I had an opportunity to withdraw and didn’t take it!” Other users revealed that they have been experiencing delays in the processing of their transactions, while others stated that transaction fees were extremely high. The Story So Far The controversy began when reports emerged stating that Alameda Research held a total of $14.6 billion in assets and had around $8 billion in liabilities, including $7.4 billion worth of loans. Among its assets, Alameda Research listed that it had $3.66 billion in unlocked FTT, the FTX exchange’s native token. The concerns around insolvency arose from the fact that a significant chunk of Alameda’s holdings were in FTT, a token created by the firm itself, rather than in traditional fiat currencies or stablecoins. Alameda Research’s CEO later clarified that the leaked document only presented a portion of the firm’s holdings. She added that the firm held a further $10 billion in assets. However, the clarification could not quell investor fears and prevent a response from the market. As the report found its way to more users, significant investors began pulling their funds from the exchange. The situation was further exacerbated by Binance when CEO Changpeng Zhao stated that the world’s largest exchange was planning on liquidating a significant chunk of FTT tokens. Binance had received around $2.1 billion worth of BUSD stablecoins and FTT as part of its exit from FTX. Bankman-Fried Insists Everything Is Fine FTX Founder Sam Bankman-Fried took to Twitter to assure users and investors that the exchange was functioning normally. He also called the rumors unfounded, adding that FTX maintains audited financials and is highly regulated. He also added that the exchange has already processed billions of dollars worth of deposits and withdrawals. “FTX keeps audited financials etc. And, though it slows us down sometimes on product, we’re highly regulated. We’ve already processed billions of dollars of deposits/withdrawals today; we’ll keep going. (Taking up anti-spam checks to process more--sorry if you got those. We’re hitting node rate capacity, will keep going.) Also, tons of USD stablecoin conversions going on.” 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.

About Nexo

The live price of Nexo (NEXO) today is 0.664293 USD, and with the current circulating supply of Nexo at 560,000,011 NEXO, its market capitalization stands at 372,004,133 USD. In the last 24 hours NEXO price has moved 0.011873 USD or 0.02% while 5,018,605 USD worth of NEXO has been traded on various exchanges. The current valuation of NEXO puts it at #89 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 Price0.664293 USD
Market Rank#89
Market Cap372,004,133 USD
24h Volume2,781,340 USD
Circulating Supply560,000,011 NEXO
Max Supply1,000,000,000 NEXO
Yesterday's Market Cap376,474,300 USD
Yesterday's Open / Close0.660403 USD / 0.672276 USD
Yesterday's High / Low0.688688 USD / 0.658799 USD
Yesterday's Change
0.02% ( 0.011873 USD )
Yesterday's Volume5,018,605 USD
Select...
/
Select...
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
Website
Explorers
Community
Source Code
Arrow icon