Highlights:

  • The new mobile application by Nexo allows unlimited native trades of all digital and fiat currencies.
  • The Exchange’s Smart Routing System allows favorable swapping without price fluctuations.
  • The Nexo Exchange facilitates the acquisition and swapping of NEXO Tokens.
  • Nexo Exchange can be accessed via the Nexo Wallet App.

New mobile application for traders and exchangers

Nexo is one of the world’s most trusted and largest lending institutions in the digital finance industry. Till now, this Switzerland-based crypto lender has processed more than USD 5 Billion for  over 1,000,000 clients. To enhance the exchange process between 75 plus crypto and fiat pairs, Nexo launched its in-app called “Nexo Exchange.”

The app features instant, seamless, and limitless exchanges at the best available market prices. Moreover, Nexo further expands its offering with this enhanced swap solution, edging closer to providing a full retail banking suite.

Nexo’s new service in its mobile application enables unlimited  conversion between 75 plus crypto and fiat currency pairs and guarantees best-price swaps. There are no limitations for trading and a total number of exchanges per user via mobile app. Users can trade up to USD 50,000 in value.

In-house innovation

In addition to the above, Nexo will not hold assets that are being traded. Instead, it will use the “Smart Routing System,” an in-house innovation. This system simultaneously connects to numerous exchanges and splits orders based on cost per volume to offer a fixed quote at order submission without any price fluctuations.

Antoni Trenchev, Co-Founder and Managing Partner at Nexo, commented: “Fast, transparent, and inexpensive transactions are the backbone of fintech, but making them easily accessible and secure in a seamless, intuitive environment is the single most important step towards mass crypto adoption.”

NEXO Token

Conspicuously, the new Exchange platform offers on-ramp crypto for beginners/newcomers to the space and provides access to the company’s native NEXO Token by eliminating third-party need services to facilitate trade and acquisition. It plays a crucial role in the company’s current tokenomics overhaul Nexonomics and aims for better cryptocurrency adoption, thus supporting the long-term expansion of a healthy token and digital economy.

Trenchev added: “Beyond a significant addition to our line-up in its own right, the Exchange contributes to the efficiency and flexibility of our existing services and boosts the utility, liquidity, and growth potential of the NEXO Token. In complementing our entire offering, this new tool illustrates Nexo’s holistic business mindset – building not just solutions, but a comprehensive and sustainable digital asset management ecosystem accessible to all.”

A “Nexo Exchange” is the latest series of firm’s product upgrades, new launches, and announcements that are structuring Nexo’s offering into retail banking for digital assets and strengthening the NEXO Token’s economy.

In the third quarter (Q3) of 2020, the firm introduced ‘Earn in NEXO opt-in,’ a USD 12 million buyback program, and a new Loyalty scheme.

Looking forward – 2021 first half

  • The firm is aiming to introduce highly anticipated Nexo crypto credit card
  • Enhancements to the current company’s insurance policy
  • Expansion of the company’s institutional offering
  • Acquisition of bank licenses

Tip

Nexo Exchange  can be operated via the Nexo Wallet App.