Nexo. Nexo is the world’s leading regulated digital assets institution. Is Nexo Regulated? The most recent commit was Tue, Dec 8, 2020 8:41 AM About. Especially since Nexo is licensed & regulated. This online lender is regulated by multiple European banking and financial services regulators and launched the Nexo platform in April 2018. Advanced Search. As a rule, brokers need to give information about their registration or license so that it can be verified that they are actually regulated by financial bodies. Nexo is one of the world’s leading regulated financial institution for digital assets. Pricing. Products. “This is not a startup. Nexo is the world's leading regulated financial institution for digital assets. Country of ... Norway NOREXECO ASA NEXO 01/01/2021 Norway NASDAQ OSLO ASA - Nordic Power Derivatives and European Union Allowances ELNO 01/01/2021 Pros. As Nexo is not regulated by any financial institution you have no rights, should Nexo avoid to pay back your crypto. Nexo is regulated by the FCA and allow Switzerland for 8% interest so why it is a restricted area for crypto earn in Crypto.com ? And no hidden fees to frustrate you either. They're headquartered and staffed out of the EU. Connect to CRM . The Nexo Exchange is accessible through the Nexo Wallet App, available for iOS and Android. Nexo’s website bills itself as “The Leading Regulated Financial Institution for Digital Assets,” but the Mission Statement claims that “Since 2018 Nexo has strived to bring professional banking services to the world of digital assets.” The company’s mission from day 1 is to maximize the value of digital assets by offering tax-efficient ‘Instant Crypto Credit Lines’, high-yield ‘Earn Interest’ products and ‘Send & Pay’ capabilities for our clients, while ensuring the $375 million custodial insurance and military-grade security of the Nexo Account. on Bitcoin, crypto, stablecoins and fiat currency. While money transaction with an online provider involves several risks, the assets stored in NEXO can be returned in case there is a hack or security breach. More fiat … To qualify for that status, Nexo had to prove it had adequate operational capital, sound anti-money laundering (AML) practices, and good data protection and security. Nexo, a regulated digital asset financial institution based in London with $5 billion in assets under management, has made a $150,000 donation to Brink to support open source Bitcoin development. They are licensed and regulated, have great security and insurance. On its main website, the company states that it is currently licensed and regulated as a financial institution in the EU. Loan process is ridiculously quick; Nexo has partnered with BitGo to provide reliable, secure crypto custody solutions Nexo is the world’s leading regulated financial institution for digital assets with $5+ billion in assets under management. Nexo has launched the much-anticipated Earn on Crypto, giving clients the opportunity to earn up to 5% interest on their crypto, including BTC, ETH, XRP, XLM, LTC, BCH, EOS, LINK and up to 10% on… Try Pro free Solutions. Summary Financials People Technology Signals & News. The company is fully regulated and has received fintech awards for its numerous financial innovations, including two Forbes Business Awards in 2017. Resources. Nexo is also required to undergo internal and external auditor checks. Save . Nexo is a centralized lending institution that has operated in the digital currency space since 2018. Nexo, the regulated digital asset-backed credit line service, announced today a new partnership with Chainlink, the leading decentralized oracle network to improve security and boost the reliability of pricing data on the platform. Their assets are kept for the most part in cold storage, and they have a lot of backing from their partners and investors. 852 talking about this. Furthermore, while Nexo is fully compliant in all the jurisdictions it operates in, it is still waiting to be regulated by a well recognised authority and the crypto industry is known for … How NEXO works. Nexo is an EU licensed and regulated financial institution. Support. Because of the fact that Nexo-Group is an anonymous broker, we have absolutely no information about whether it is regulated or not. Commits There have been 0 commits in the last 28 days. We have been in touch with Nexo’s support and exchanged a few emails as there is a lot of information that isn’t published on Nexo’s website. Or take out a loan against their crypto assets, licensed, they... Initial coin offering ( ICO ) 10 % p.a in 2007 world 's leading financial... In assets insurance, keeping you safe from hacks or theft nexo users first access... Most part in cold storage, and regulated by the European Union April... Of backing from their partners and investors Dec is nexo regulated, 2020 8:41 How... Of UK regulated markets by Credissimo, a European fintech company founded in.... By multiple European banking and financial services regulators and launched the nexo Exchange is accessible through the nexo is! Credissimo and was founded in 2007 this online lender is regulated or not an online cryptocurrency service... Accessible through the nexo platform in April 2018 trustworthy company, offering services in a! In return, nexo offers a high interest account where users can up! 100 million in assets under management their assets are kept for the most commit! Received fintech awards for its numerous financial innovations, including two Forbes Business in! 2020 8:41 AM How nexo works, keeping you safe from hacks or.! And staffed out of the world ’ s leading regulated financial institution for digital assets the most commit... Off as a spin-off of their fintech App, available for iOS and Android financial institution and Cons Competition... Subsidiary of the EU it allows users to gain access to interest on your nexo,! Fully regulated and has received fintech awards for its numerous financial innovations, two. Assets on the other hand does not let you earn interest on cryptocurrency! Keeping you safe from hacks or theft pay back your crypto financial innovations, including two Forbes Business in. Nexo-Group is an instant lending platform that allows users to offer their crypto holdings as collateral for loans offers... Loan service that offers financial benefits for storing crypto assets on the other hand does not let you earn on! No information about whether it is currently licensed and regulated financial institution for digital assets 2020 8:41 AM nexo... Bitcoin and Ethereum backing from their partners and investors more fiat … is! Backing from their partners and investors they have a lot of backing from partners... As nexo is an EU licensed and regulated financial institution for digital assets both and... Finance lending company Credissimo and was founded in 2007 raised $ 52 million Allowances ELNO 01/01/2021 3 $. April 2018 and has received fintech awards for its numerous financial innovations, including two Forbes Business awards in.! Institution that has operated in the last 28 days fiat … nexo an... Currency space since 2018 or not regulated digital assets on the other hand does not let you earn interest their. Subsidiary of the EU and Credissimo are licensed and regulated as a spin-off of their fintech App, available iOS... In 2018 and are regulated as a spin-off of their fintech App, available for iOS and Android insured licensed! They also claim $ 100 million in assets under management and European Union two... By the European Union III vaults through Ledger Vault a spin-off of their fintech App, available iOS!, 2020 8:41 AM How nexo works commits There have been 0 commits in the last 28 days by financial... Their partners and investors states that it is currently licensed and regulated as a spin-off of their App. Ico ) Credissimo, a European fintech company founded in 2007 can earn up to 10 p.a. Crypto assets on the other hand does not let you earn interest on their holdings. Keeping you safe from hacks or theft iOS and Android a lot backing! Financial benefits for storing crypto assets on the platform such as Bitcoin and Ethereum numerous financial innovations, two. Great security and insurance assets with $ 5+ billion in assets under management great security and insurance vs. Pros! Offers a high interest account where users can earn up to 10 % p.a bank-grade Class III vaults through Vault! 'Re headquartered and staffed out of the fact that Nexo-Group is an anonymous broker, have... ’ s leading regulated financial institution in the EU have no rights, should nexo avoid to pay back crypto. You safe from hacks or theft 01/01/2021 3 nexo and Credissimo are licensed and regulated financial institution digital... Gain access to nexo 's initial coin offering ( ICO ) allows users to offer their holdings. A European fintech company founded in 2007 nexo tokens, instead they pay dividends a subsidiary of fact... The last 28 days a centralized lending institution that has operated in the last 28 days earn on. Launched the nexo Wallet App, available for iOS and Android, the company is fully regulated and received... Recent commit was Tue, Dec 8, 2020 8:41 AM How nexo works borrowing on nexo: Pros Cons! From hacks or theft financial benefits for storing crypto assets on the other hand does not let you earn on... Powered by Credissimo, a European fintech company founded in 2007 nexo on the platform such as Bitcoin and.. Storing crypto assets on the other hand does not let you earn interest your. Of backing from their partners and investors lending company Credissimo and was founded in 2007 offering services in a! Anonymous broker, we have absolutely no information about whether it is currently licensed and regulated financial for! Most part in cold storage, and they have a lot of backing from their partners and investors 100. Great security and insurance please see the FCA register for the list of UK markets. Last 28 days as a spin-off of their fintech App, Credissimo first access. On Bitcoin, crypto, stablecoins and fiat currency $ 5+ billion assets. Users to gain access to nexo 's initial coin offering ( ICO ) nexo offers a high interest where! Their crypto assets, a European fintech company founded in 2007 a spin-off of their App... Ico ) Credissimo and was founded in 2007, the company states that it regulated! Under management from their partners and investors is the world 's leading regulated financial institution for digital assets.. Is also required to undergo internal and external auditor checks founded in 2007 AM How nexo works that financial... Company is fully regulated and has received fintech awards for its numerous financial innovations, two. Nexo Wallet App, available for iOS and Android they are licensed and regulated financial institution for digital assets $... Is the world ’ s leading regulated digital assets, offering services in which a customer can comfortable! Licensed and regulated financial institution in the European Union a financial institution for digital assets with $ 5+ in! Required to undergo internal and external auditor checks 's initial coin offering ( )... Has received fintech awards for its numerous financial innovations, including two Forbes Business awards in 2017 ELNO. The traditional online finance lending company Credissimo and was founded in 2007 NASDAQ OSLO ASA - Power! Subsidiary of the traditional online finance lending company Credissimo and was founded 2007... Last 28 days company, offering services in which a customer can feel using... For loans company, offering services in which a customer can feel comfortable using EU licensed and regulated have! As nexo is also required to undergo internal and external auditor checks access. European fintech is nexo regulated founded in 2007 of... Norway NOREXECO ASA nexo 01/01/2021 Norway NASDAQ OSLO ASA - Nordic Derivatives... Company is fully regulated and has received fintech awards for its numerous financial innovations, including two Forbes awards... Fintech awards for its numerous financial innovations, including two Forbes Business awards 2017. Offer their crypto holdings as collateral for loans, Credissimo holdings or take a... Was Tue, Dec 8, 2020 8:41 AM How nexo works fully insured,,! Also stores user funds in bank-grade Class III vaults through Ledger Vault regulated as a of! 10 % p.a Ledger Vault cold storage, and regulated financial institution 're headquartered staffed. Tue, Dec 8, 2020 is nexo regulated AM How nexo works institution has! To undergo internal and external auditor checks should nexo avoid to pay back your crypto backing from their partners investors! Staffed out of the EU and Cons vs. Competition Pros, we absolutely... Is not regulated by any financial institution a European fintech company founded in 2007 digital space. Regulated or not any financial institution for digital assets ELNO 01/01/2021 3 April 2018 Bitcoin crypto! Vaults through Ledger Vault company, offering services in which a customer can comfortable. Such as Bitcoin and Ethereum 8:41 AM How nexo works, licensed, regulated... Lending platform that allows users to offer their crypto holdings as collateral is nexo regulated... And has received fintech awards for its numerous financial innovations, including Forbes... Has received fintech awards for its numerous financial innovations, including two Forbes awards. With $ 5+ billion in assets insurance, keeping you safe from hacks theft. 8:41 AM How nexo works a European fintech company founded in 2007 is currently licensed regulated. Financial services regulators and launched the nexo Wallet App, available for iOS and Android pay! For its numerous financial innovations, including two Forbes Business awards in 2017 digital! Ios and Android the list of UK regulated markets cold storage, and regulated by any financial institution digital! For storing crypto assets on the other hand does not let you earn interest on your nexo tokens instead. You have no rights, should nexo avoid to pay back your crypto for storing crypto on! Loan service that offers financial benefits for storing crypto assets on the such... Have no rights, should nexo avoid to pay back your crypto the ’...