Market cap $510.97 M Full cap $912.44 M Volume 24H $4.11 M ATH $4.07
The NEXO cryptocurrency is a digital token of the credit platform of the same name. With NEXO, each member of the platform will be able to get a loan at a minimum interest rate, and other part of the users will be able to provide a loan. The risk of losing money is reduced to zero.
In an updated version of its FAQs, the company explains the cause of its financial problems which includes general market volatility and the effects of its business partners’ own financial problems.
Shortly after Vauld announced withdrawals suspension, Nexo revealed it signed an indicative term sheet. The company also mentioned the plan to acquire Vauld.
