Nexo Cuts Minimum Borrowing Amount to Just $10. Read more →
Nexo has legal entities in various locations throughout the world, in order to service 200+ jurisdictions in the most efficient manner and is in compliance with all applicable global and local regulations.
What does Nexo being licensed and regulated mean?
Cold storage wallets are provided by BitGo, the leader in digital asset custody. BitGo Custody carries $100,000,000.00 in insurance protections via a syndicate of underwriters through Lloyd's of London, the world’s specialist in insurance and reinsurance markets. This premium service comes in at no additional cost.
Your assets are stored in bank-grade Class III vaults through the SOC 2 Type 1 & Type 2 certified crypto custodian BitGo. BitGo is the leader in multi-signature encryption technology with over $10B in transactions per month.
Nexo uses Onfido to adhere to the strictest KYC and AML global compliance standards. Onfido is also trusted by Coinbase, Revolut, HSBC, Nationwide, TransferWise, and Bittrex.
We protect your assets by only lending them to institutions on an overcollateralized basis through our crypto-backed credit lines. Our rates stay stable over time, because of Nexo’s strict risk policy of never lending without collateral, which results in lower yields but basically no risk. All funds are asset-backed by Nexo’s portfolio of 200–500% overcollateralized crypto credit lines.
Nexo is powered by Credissimo - a Leading FinTech Group serving millions of people across Europe for over 13+ years. Credissimo is a licensed enterprise that is regulated by several European Financial Services and Central Bank regulators and adheres to strict supervision everywhere it operates. Nexo has an award-winning team whose business has continuously been audited by Deloitte.
In its 13+ years of secure online credit facilitation, the Nexo Team is proud to say that there have never been any system intrusions or security breaches.
To underpin the robustness of the enterprise, Nexo is making use of BitGo’s Enterprise Solution which incorporates the Cryptocurrency Security Standard Level 3. The CCSS Level 3 requires multiple actors for all-critical actions, as advanced authentication mechanisms are employed to ensure the authenticity of data, while assets are distributed geographically and organizationally.
Your personal information is contained behind secured networks and is only accessible to a limited number of persons who are required to keep the information confidential. Аll sensitive/credit information you supply is encrypted via Secure Socket Layer (SSL) technology.
Nexo implements a variety of security measures when users enter, submit, or access their information.
ISO/IEC 27001 guarantees that Nexo’s security infrastructure is of the highest standard, thus ensuring the safety of the enterprise and minimizing risks for all clients and investors. Being ISO/IEC 27001 compliant, Nexo is now raising the bar for the entire blockchain space, by utilizing the most rigorous security policies, impeccable risk assessment, data protection, and state-of-the-art cybersecurity.