Nexo Sets $5,000 Minimum Limit for Services Starting February 21
Nexo, a crypto trading and lending platform, has implemented a $5,000 minimum limit for its services effective February 21. This change aligns with the firm's strategy to transition into a digital assets wealth manager targeting affluent clients.
- The adjustment is part of Nexo's 2025 growth strategy and rebranding.
- Nexo aims to provide sustainable wealth solutions influenced by traditional finance principles.
- It has survived the 2022-23 bear market while many competitors failed.
- Nexo received initial approval to operate as a licensed entity in Dubai in March 2023.
- The firm manages over $11 billion in assets and has issued $8 billion in crypto credit.
- Nexo has paid more than $1 billion in interest to users.