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Ronald Maguire

29 April 2022 165 Read Crypto , Bitcoin , Altcoins

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Nexo Listed on Binance

Binance has listed Nexo, a blockchain-based lending platform that offers users instant cryptocurrency-backed loans. The news of the listing positively impacted Nexo's trading volume and price, with the NEXO token price rising 15%. Users can borrow or lend in fiat or stablecoins using the Nexo platform.

Nexo Token

Users are rewarded with NEXO tokens when they stake assets on Nexo. Nexo, which also has a crypto credit card, gives cashback on spendings made with this card. Running on the Ethereum network, Nexo uses smart contracts to manage loans.

 

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