$0.8595+1.51% 24hThe NEXO price in context
The NEXO price in USD in the top bar runs live from the Binance exchange; the chart and market statistics (cap, volume, supply) come from the CoinGecko aggregator. Chart ranges span from the last 24 hours to the full trading history — the period change is measured from the first point of the selected range.
The complete ranking lives on the crypto prices page.
About NEXO
Nexo is a centralized platform where you can deposit crypto for interest or borrow cash against it without selling. It has operated since 2018 and, unlike most competitors of that era, survived the 2022 crisis in which Celsius, BlockFi and Voyager collapsed.
The NEXO token sets a customer's tier: the larger the share of your portfolio held in it, the lower your borrowing rate and the higher your deposit yield. Historically it also paid out part of the platform's profit — the feature behind Nexo's 2023 settlement with US regulators and the product's withdrawal from the US.
The fundamental difference from DeFi is who holds the keys. At Nexo the funds sit with a counterparty, so alongside market risk you carry credit risk — precisely what sank its competitors in 2022.