Crypto lender Nexo announced a new collaboration with institutional crypto custodian Fidelity Digital Assets for a suite of products aimed at providing institutional investors with more onramps into crypto.
Fidelity Digital Assets is the blockchain branch of Fidelity Investments, the Boston-based asset management company that manages more than $7 trillion of client assets.
The two companies have struck a deal to develop a product range that will extend Nexo’s credit lines and Fidelity’s state-of-the-art secure crypto brokerage to institutional clients.
Nexo co-founder and managing partner Kalin Metodiev said in a prepared statement that “working with Fidelity Digital Assets is the latest milestone in our quest to offer a complete institutional platform and to onboard traditional finance companies into the digital asset ecosystem.”
The crypto platform lets users borrow cash against crypto at a variety of different rates. Similarly, users can earn up to 20% interest on assets like Bitcoin, Tether (USDT), Ethereum, and many others.
Awesome. Might have to check out Nexo, Fidelity already managing my employer based retirement funds.
I can recommend. Their app is super snappy. I’m a big crypto.com fan, but they could learn a thing or two for how fast the Nexo app is.
That said, Nexo isn’t the most user friendly and their card isn’t out yet
I’ve been enjoying their payouts for almost a year. I’ve made about 10k of interest alone and grown all of my holdings simultaneously. Worth checking out and joining. They have a good amount of coins that pay an APY.
Nexo’s great. You can exchange in-app and they offer daily compounding interest on a select few assets. You’ll get more out of it by having the NEXO token, but you can set a recurring fixed term for 12 months to earn daily interest on it before you dive in.
Fidelity is a big player and a household name for retail, bullish news after Nexo already went on a big run.
That’s pretty great for adoption
Honestly, just buying ETH and sticking it in Nexo or Celsius and chilling, will probably end up being one of the more successful strategies for this next year until layer 2’s get fully rolling with plenty of dapps
Nexo giving 4% flex interest on XRP 🚀
So much shill post now days
Awesome. Might have to check out Nexo, Fidelity already managing my employer based retirement funds.
I can recommend. Their app is super snappy. I’m a big crypto.com fan, but they could learn a thing or two for how fast the Nexo app is.
That said, Nexo isn’t the most user friendly and their card isn’t out yet
I’ve been enjoying their payouts for almost a year. I’ve made about 10k of interest alone and grown all of my holdings simultaneously. Worth checking out and joining. They have a good amount of coins that pay an APY.
Nexo’s great. You can exchange in-app and they offer daily compounding interest on a select few assets. You’ll get more out of it by having the NEXO token, but you can set a recurring fixed term for 12 months to earn daily interest on it before you dive in.
Fidelity is a big player and a household name for retail, bullish news after Nexo already went on a big run.
That’s pretty great for adoption
Honestly, just buying ETH and sticking it in Nexo or Celsius and chilling, will probably end up being one of the more successful strategies for this next year until layer 2’s get fully rolling with plenty of dapps
Nexo giving 4% flex interest on XRP 🚀
So much shill post now days