Nexo, which is backed by TechCrunch founder Michael Arrington, has introduced several initiatives over the last few months and recently became the first project to accept XRP as collateral. The company which functions as a bridge between the crypto world and the financial world.
Is Nexo a Chinese company?
Nexo is a CH based company founded in 2017.
Is Nexo a US based company?
About Nexo: Company Profile
Nexo was founded in 2017 by Antoni Trenchev, Georgi Shulev, and Kosta Kantchev, three Bulgarian founders with experience with various financial institutions around Europe. The company is registered in London, England.
Is Nexo a public company?
Nexo is part of Credissimo, a publicly traded fintech company founded in 2007.
Is Nexo legal in USA?
Nexo Help Center
Please rest assured that Nexo is compliant everywhere it provides services and retains top-tier legal counsels in the jurisdictions of its operation. All aspects of Nexo’s activities are vetted before execution by the relevant legal and compliance teams.
Who is behind Nexo?
While Nexo was founded in 2018, the company behind Nexo, Credissimo, is an established player on the European lending market with over 12 years of experience. But more about Credissimo later.
Is Nexo a bank?
Nexo is a cryptocurrency platform that offers bank-like services such as interest-earning accounts and crypto-backed loans.
Who is the CEO of Nexo?
Kosta Kantchev – Founder & Executive Chairman – Nexo | LinkedIn.
Is Nexo regulated in UK?
Nexo is an EU licensed and regulated financial institution. You can read more about that here.
Does Nexo report to IRS?
Nexo Help Center
We are still assessing the implications of the Common Reporting Standards to our business and, for the time being, we do not believe to be required to disclose any information about transactions to the IRS or other tax authorities, which remains our customers’ sole responsibility.
What is better Celsius or Nexo?
Winner: Nexo offers higher rates on Bitcoin, Ether, altcoins, and stablecoins across the board, earning it the win in this category. It is worth noting that Celsius does have a wider range of supported assets.
Is Nexo a good investment?
NEXO is definitely a good investment considering the purpose it’s serves. Note : Not a financial advice and do your research before investing.