NEXO for Profits on Crypto Holdings despite Economic Downturn Ready-Made Solution with OverCollateralizationMay 22, 2020
The overall economic outlook is gloomy. Those who are looking to maximize the value of their cryptocurrency holdings without selling it seek Nexo.
NEXO tweeted: “Gold is seen as a steadier place to park money in times of turmoil & its strong performance this year is reaching an 8-year high, in stark contrast to the stock market. Make the most of your investment with our PAXG-Backed Instant Crypto Credit Lines.”
One of the early state startup investor, “You’ve completely replaced Deutsche Bank for me. How are plans coming along to enable earning interest over $XRP and other digital assets?”
In response, Nexo stated, stay tuned guys a lot of updates are coming. One of the commentators opined that Nexo is acting far better than some banks.
Sydney Ifergan, the crypto expert, tweeted: “There is an increasing number of users willing to make use of NEXO to improve on their potential earnings of cryptocurrency users.”
Despite the economy being down, several people are earning and taking advantage of the Bitcoin and other crypto holdings. Nexo is Doing just what needs to be done.
Antoni Trenchev, Co-Founder and Managing Partner at Nexo, stated that, “There is a growing array of financial instruments available for digital asset management and with that — a set of services specifically catering to miners’ needs.” Nexo’s Instant Crypto Credit Lines™ is truly a ready-made solution.
Nexo is getting known and being spoken of in several places, thus proving reliability and credibility for their services.
Nexo is never about hype; they are about making practical and viable use of value. They understand that storing money to hibernate for too long leads the investor to miss on the benefits of the value for too long. Therefore, they make it possible to ensure instant use of value, rather than waiting for long for fruition.
Under an economic situation where the market is getting highly volatile, triggered by the pandemic fear, investors are looking at save havens for investment. They are not willing to give up on their crypto holdings, while at the same time, they have a need for liquidity. Nexo balances both.
Nexo does not engage in uncollateralized loans. It facilitates loans with over-collateralization by 200% to 500%. Thus Nexo can facilitate their clients with the robustness to serve during turbulent times and to provide the needed reliability in a lending situation.