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Sunday, November 28, 2021

Nexo Launches In-App Crypto Exchange Service

Nexo is a platform for cryptocurrency lending. They have recently made a public announcement regarding the launch of their in-app Nexo Exchange that will allow users to immediately make unlimited native trades that can be over 75 crypto as well as fiat currency duos.

Nexo is a regulated financial establishment for digital assets that owns almost $4 billion in assets in their management wing. The company also offers quick crypto credit with high yielding interest rates which are also tax-efficient. They also offer to send and pay options for the clients to optimize the worth of cryptocurrencies. Meanwhile, it ensures custodial insurance of $100 million and military level security for their wallet.

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The company also claims to process over $3 billion under 40+ fiat exchanges for over 800,000 users in over 200 jurisdictions.

Nexo Makes Attractive Additions

During one of their press releases, Nexo informed that their exchange services will enable instant, unlimited conversion between 75+ crypto as well fiat currencies duos directly in the mobile app. This is guaranteed in the best price exchange owing to the system of ‘Smart Routing’.

Their system connects multiple exchanges along with split orders relying upon per volume price simultaneously. This provides a static quote during the order submission. As a result, no fluctuation in price takes place as with the other exchange services.

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This new exchange provides an on-ramp for crypto to newcomers and facilitates access to the company’s native token. This will remove the requirement of third-party services to conduct trade and acquisition.

Additionally, it plays an important role in the company’s continued tokenomics renovation to Nexonomics and motivates bigger crypto adoption. This lends support to the long-term development of a strong token as well as a digital economy.

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