What is the current price of NEXO (NEXO)?

The current price of NEXO (NEXO) is 1.7344910022580124 AUD, representing a +0.64 from the day prior.

Can I buy NEXO (NEXO) on Coinstash?

Yes - you can easily buy and sell NEXO (NEXO) on Coinstash. Simply login or sign up, to start buying NEXO (NEXO) in minutes.

Where is the best place to buy NEXO (NEXO) in Australia?

The best place to buy NEXO (NEXO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell NEXO (NEXO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of NEXO (NEXO)?

The trading volume of NEXO (NEXO) is 18.8M AUD in the last 24hrs, representing a +0.64 from the day prior.

How can I buy NEXO (NEXO)?

NEXO (NEXO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of NEXO (NEXO)?

The current market cap of NEXO (NEXO) is 1.7B AUD.

Can I convert NEXO (NEXO) to cash?

Yes - With Coinstash you can convert your NEXO (NEXO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many NEXO (NEXO) are there?

The current circulating supply of NEXO (NEXO) is 1.0B.

Is Coinstash a safe place to buy NEXO (NEXO) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling NEXO (NEXO) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

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What is NEXO?

NEXO is the native token of the Nexo platform, a comprehensive digital assets wealth platform founded in 2017. It offers services such as instant cryptocurrency-backed loans, high-yield savings, and advanced trading tools. NEXO serves multiple purposes within the ecosystem, including utility, staking, loyalty program benefits, governance, and participation in dividend payments .

How does NEXO work?

NEXO operates on the Ethereum blockchain and adheres to the ERC-20 standard. The platform leverages Ethereum's smart contracts to automate and secure its core processes, such as lending, borrowing, and interest payments. Nexo's infrastructure supports a proof of stake consensus mechanism utilized by Ethereum, enabling secure and efficient transactions within its ecosystem .

What are the potential use cases for NEXO?

NEXO tokens are integral to various functions and services on the Nexo platform. They can be used as collateral for loans, for governance voting on platform proposals, and to earn daily interest through the Nexo Loyalty Program. Additionally, NEXO tokens are utilised for discounted borrowing rates and higher yields on deposits. The Nexo Card allows token holders to make payments at millions of merchants globally, further extending its real-world applicability .

What is the history of NEXO?

NEXO was founded by Antoni Trenchev, Georgi Shulev, and Kalin Metodiev in 2017. The platform initially distributed NEXO tokens through an airdrop and a subsequent ICO, raising significant capital. Over the years, Nexo has issued billions in credit lines and established itself as a prominent player in the crypto lending space despite facing regulatory challenges. The platform continues to evolve, offering a suite of financial services and maintaining partnerships, such as with MasterCard, to enhance its offerings .