Starting out in 2018 as an over-collateralized lending platform, Nexo has branched out services in various digital asset verticals to develop an all-in-one, 360-degree product suite for crypto management. Nexo’s [Instant Crypto Credit Lines](https://nexo.com/borrow) offer flexibility and ease-of-use when cryptocurrency holders need extra funds. The company’s fully automated lending solution allows customers to instantly obtain loans in over 40 fiat currencies or stablecoins by providing digital assets as collateral to secure the loan, where over 60 supported cryptocurrencies are available as collateral. The platform also offers daily payouts, compounding interest and flexible yields on its [Earn Interest](https://nexo.com/earn-crypto) product with a zero-fee policy on deposits, withdrawals and top ups. Nexo also provides the ability to “Swap while You Earn”, where cryptocurrencies earning interest can be swapped for higher-performing assets. Nexo Pro is the company’s trading platform that offers access to over 400 market pairs to both beginners and experienced traders. The platform allows both spot and futures trading with market, limit, stop-loss, take-profit, trailing and TWAP orders. Traders can also apply up to 20x leverage when margin trading. Nexo Pro utilizes Smart Order Routing to provide deep liquidity from 10 of the leading exchanges on available market pairs. The Nexo Card, launched in partnership with Mastercard, is touted as the [world’s first crypto-backed credit card](https://www.reuters.com/technology/nexo-mastercard-launch-world-first-crypto-backed-payment-card-2022-04-13/), enabling clients to spend the fiat value of their cryptocurrency holdings, without selling them. Developed with institutional interest in mind, [Nexo Prime](https://nexo.com/prime) is the proprietary prime brokerage of Nexo. Nexo Prime delivers institutional, corporate, and high-net worth investors all the tools necessary to trade, borrow, lend, and securely store their digital assets in a single platform. Nexo’s products have won various industry awards, including the Forbes Business Awards, [PAY360 Awards](https://nexo.com/media-center/nexo-wins-best-use-of-crypto-and-or-blockchain-in-financial-services-at-2022-pay360-awards) and [FinTech Breakthrough Awards](https://nexo.com/media-center/nexo-named-best-cryptocurrency-wallet-in-fintech-breakthrough-awards-for-new-non-custodial-wallet). The company celebrates its 5th anniversary in April 2023, as one of the leading retail and institutional lenders in the digital assets space.

The NEXO Token can be bought on leading centralized and decentralized exchanges including [Nexo Exchange](https://nexo.com/exchange), [Binance](https://www.binance.com/en), [Bitstamp](https://www.bitstamp.net/), [Huobi](https://www.huobi.com/en-us/), [Bitfinex](https://www.bitfinex.com/), [Gate.io](https://www.gate.io/), [Bitget](https://www.bitget.com/en/), [MEXC Global](https://www.mexc.com/), [UniSwap](https://uniswap.org/). NEXO can also be traded on the open market through leading exchanges.

Nexo was founded by a team of experienced finance professionals, namely, Kosta Kantchev (Co-Founder & Executive Chairman), [Antoni Trenchev](https://www.antonitrenchev.com/) (Co-Founder & Managing Partner) and Kalin Metodiev, CFA (Co-Founder and Managing Partner). The company was established in late 2018, following a private token sale, raising $52.5 million. Trenchev in specific, is a frequent guest in some of the most popular fintech and cryptocurrency news outlets, including [Bloomberg](https://www.bloomberg.com/news/videos/2022-09-15/too-soon-to-write-off-bitcoin-says-nexo-s-trenchev), [CNBC](https://www.cnbc.com/video/2022/08/23/nexo-ether-set-to-outperform-bitcoin.html) and [Yahoo Finance](https://finance.yahoo.com/video/seeing-flight-bitcoin-ethereum-following-154101226.html).

Nexo has a fixed supply of 1 billion tokens, with 560,000,011 NEXO currently in circulation.

Nexo is the world’s leading digital assets institution. The company’s mission is to maximize the value and utility of digital assets by offering a comprehensive suite of products that include advanced trading solutions for retail and institutional clients, aggregation of liquidity from leading venues, and tax-efficient asset-backed credit lines. In early 2022, the enterprise launched its investment arm [Nexo Ventures](https://nexo.com/ventures), which now boasts over 60 portfolio companies. Nexo has processed $130+ billion for 5,000,000+ satisfied users across more than 200 jurisdictions. The NEXO Token is the platform’s native currency, an ERC-20, Ethereum-based token, that grants holders access to tiers in Nexo’s [Loyalty Program](https://nexo.com/token). The token, which is traded on the open market, brings a number of advantages, including preferential borrowing rates, cash-back, free withdrawals and better yield rates.