Nexo is the latest blockchain platform, which aims to provide users with immediate crypto-backed loans. As you know, there is no way for digital asset owners to utilize their crypto holdings apart from selling them for lucrative rates. Nexo uses a highly innovative business model where users can retain all of their digital assets while having instant access to cash.
Furthermore, these instant cryptocurrency backed loans are a 'flexible, automatic, and cost-effective way of obtaining liquidity, which is safeguarded by the client's digital assets value.' This whole process of procuring loans is pretty simple, too, and can be easily completed within minutes. Here are some of the major benefits of Nexo.
One can achieve a high level of transparency, as the platform uses blockchain technology, algorithmic processes, and smart contracts - all of these are executed through the native Nexo Oracle module.
Bitbns was founded in December 2017. It is a stable and an efficient intermediary for traders and investors to buy and sell cryptocurrencies. Based out of Bengaluru, Bitbns provides top-class transparency and a safe environment for its clients to trade and invest in cryptocurrencies in a seamless manner. Scalability, speed, security, liquidity, and ease of use are the major spearheads of Bitbns. The company is constantly striving to build a cashless economy.
The prices fluctuate based on local demand and supply.