Polygon’s MATIC is the latest coin to join the collection of digital assets. Users may earn up to 20% interest on MATIC every day. Polygon is the premier scalability and infrastructure platform for Ethereum. Its increasing product line includes L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone
Following a recent upgrade to meet the Financial Conduct Authority (FCA) compliance guidelines, Nexo a centralized crypto lender resumes UK client registrations on Tuesday. This is done after a ten-month pause in the onboarding process. Nexo suspended new user registrations in the UK in December 2023 due to changes in
In celebration of its sixth anniversary, Nexo, one of the biggest cryptocurrency ecosystems, has launched a promotional campaign. Both new and current Nexo users may benefit from the token hunt, by delving into the many Nexo ecosystem components. As a whole, the team allocated ten million NEXO tokens—about $12 million—to the event’s
The Virtual Assets Regulatory Authority (VARA) in Dubai has granted initial approval to Nexo, a digital asset service provider. Nexo DTC, Nexo’s regional organization, has reached a major milestone in its pursuit of complete licensure for a number of activities, including Broker-Dealer operations, Lending & Borrowing, and Management & Investment.
ZUG, Switzerland–(BUSINESS WIRE)–$NEXO—Nexo AG and its subsidiaries have filed an over $3 billion ICSID arbitration claim against the Republic of Bulgaria for damages and lost opportunities caused by the country’s wrongful and politically motivated actions against the company and its executives, involving unjustified and oppressive criminal investigations, subsequently dismissed for
The premier digital assets institution, Nexo, has announced its strategic merger with Koinly, an innovative crypto tax software solution, as a critical step toward meeting the growing need for reliable crypto tax reporting solutions. The partnership was created in direct response to the industry’s demand for more efficient, smooth financial statement production
Nexo has introduced simplified Futures trading on the Nexo Exchange, tailored specifically for crypto enthusiasts who are new to derivatives. The goal of the new product is to make the world of Futures accessible and informative for people who have until now only interacted with the spot market. In order to ensure
Recently released records indicate that London-based crypto lending firm Nexo has completed the necessary procedures to have its subsidiaries, Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd., removed from the United Kingdom’s companies register. Nexo co-founder Antoni Trenchev was quoted in a recent Bloomberg article as saying the
On the fine evening of April 28, Reuters reported that the cryptocurrency payment card program of Mastercard is about to expand indulging various crypto partnerships. Raj Dhamodharan, the head of crypto and blockchain stated that this decision is taken irrespective of closer scrutiny in the industry from the banks and
Following Nexo’s settlement with US Securities and Exchange Commission (SEC), and the North American Securities Administrators Association (NASAA), the lending company planned to stop its Earn Interest Product for its U.S customers. The leading lending company Nexo announced in its February 10th blog post that it decided to ban its
