Effective immediately, the new minimum amount for Nexo’s instant credit lines is $500! This makes Nexo the most inclusive lender in the blockchain space and enormously increases our market share, as no one else has such automation and scaling capabilities. Better yet, Nexo is the only lender to provide insured custody of clients’ funds.
A further reduction to a $100 minimum loan amount is coming, pending finalizing talks with our banking partners so that same/next day local bank withdrawals remain free for all clients.
With Nexo’s instant credit lines now ranging from $500 to $2,000,000 even more people can borrow against their assets to participate in the crypto spring.
APR starts at 8%, which is very cost-efficient, given that major collateral options such as ETH and XRP have risen 30%+ and 20%+ respectively in the past 7 days alone!
Becoming ever more inclusive is part of the larger, ongoing mission of Nexo to allow a constantly growing number of community members to enjoy their crypto wealth without selling it.