It is well known that NEXO is the leading regulated institution for digital assets. It is the pioneer of the 1st Instant Crypto Credit Lines™ and high-yield Earn on Crypto and Fiat services.

The $NEXO Token is now made available for trading on Bitfinex. Thus, you can now use NEXO for US Dollars, Tether, and Bitcoin, deposit, and withdraw the token freely on the exchange. This is getting the trading spark bright.

Tether does the job of bringing real-world currency to the blockchain. Nexo’s Smart Routing System provides the best market price by connecting to multiple exchanges at once. Therefore, you no longer need to crunch numbers. Instead, the system will do it for you within a fraction of a second from a single platform.

The market pairs for all supported currencies, including NEXO Token pairs NEXO/BTC, NEXO/ETH, and NEXO/USDT.
The feature transforms the Nexo platform into the single place you need to buy, sell, safely store, and borrow versus your NEXO Tokens. Thus, users get zero price fluctuations when they place an order compared to other providers, where the price might change by up to 5%. In addition, your balances are updated immediately the moment your order is confirmed.

For those who are new: NEXO trading on Bitfinex improves the native token’s liquidity and accessibility. Bitfinex is one of the world’s ten largest crypto exchanges in terms of liquidity and trading volume. Users can add to their Bitfinex accounts and freely buy NEXO using: US Dollars (NEXO/USD), Tether (NEXO/USDT), and Bitcoin (NEXO/BTC).

Nexo expects the listing to make it possible for more users with access to their native token, thus contributing to its increased liquidity. This new development can augment the NEXO Token’s usage and subsequently boost its price in the longer term. This will also create yet another direct USD-NEXO on-ramp.

One of the Nexo community’s repeated requests has been to list our native asset on more significant exchanges. The team did not waste any time when addressing these requests, and in a short month after the first NEXO Governance Vote, the community is glad to have executed the first of many exchange integrations for the token. They are very excited about the listing on Bitfinex, which has been among the first cryptocurrency exchanges in 2012. It has always been at the leading edge of technological innovation in digital asset trading.

Being able to list NEXO on more major exchanges is a direct result of the first NEXO Governance Vote, which has taken place this June.

The Daily Interest on NEXO Tokens proposal carries with it the potential for further regulatory clarity around the status of the NEXO Token in the US, which in turn ought to give NEXO more freedom to list the token on bigger exchanges in the future—gradually making it easier for US clients to purchase NEXO. In addition, some partnerships continue to affect the native asset in the months to come positively.