NEXO, a digital assets institution, is hosting an AMA on X with Koinly to discuss crypto taxation. The session is scheduled for April 30th at 13:00 UTC.
Join the discussion and get valuable insights from the experts themselves!
NEXO is a digital assets institution, aiming to maximize the value and utility of digital assets. They offer a variety of products including advanced trading solutions, liquidity aggregation from top venues, and tax-efficient asset-backed credit lines.
Among their unique products are the Instant Crypto Credit Lines, allowing users to obtain loans in fiat or stablecoins using digital assets as collateral, supporting over 60 types of cryptocurrencies.
They also provide Earn Interest products, like daily payouts and compounding interest with flexible yields, and Nexo Pro, a trading platform with access to over 400 market pairs and features like Smart Order Routing for deep liquidity.
Furthermore, their partnership with Mastercard led to the creation of the Nexo Card, a crypto-backed credit card enabling clients to spend their crypto’s fiat value without selling the assets.
The NEXO Token is an ERC-20, Ethereum-based token, acting as the platform’s native currency and a key part of the Nexo Loyalty Program. Token holders enjoy benefits such as preferential borrowing rates, cash-back, free withdrawals, and enhanced yield rates.
The token’s market presence is maintained through open market trading, ultimately increasing its utility and value within the Nexo ecosystem.
