Nexo Finance are happier because of the good BTC price and they feel that BTC and Nexo will be to the moon very soon. Wishing their customers happy holidays, they have stated that more of Nexonomics is set to come soon.
NEXO cryptocurrency recently partnered with BitGo. Of note, BitGo is a leader in institutional digital asset custody and finance. Important to note that BitGo have recently announced $16 billion in assets under custody.
Antonio Trenchev, Co-Founder and Managing Partner at Nexo, recently pointed to how the very fabric of the people who are engaged in Bitcoin has changed radically.
In response to the recent XRP and SEC charges, Nexo have removed XRP as an available method of payment to pay back their loans. While some of the XRP guys are disappointed, there are other users who are sure that they will never leave Nexo and they recollect how it has helped them a lot during the pandemic.
Commenting, Sydney Ifergan, the crypto expert tweeted: “Nexo halting XRP repayment might probably be a temporary stand, when the air clears, they might probably want to resume repayments.”
Nexo have to state that they are one of the few cryptocurrency companies who work in compliance with regulation. They point to how this was the reason for why they registered their token sale with SEC in 2018.
It is very visible in that the growth will be for those crypto companies who work in compliance with regulations and on how institutional adoption will need compliance with regulators. More of institutional investors are flocking in to cryptocurrency adoption and it is just the time regulators are stepping in to establish their hold in the current scenario.
Treasuries are shifting to BTC while being very clear about the best and worse sides of BTC.
NEXO Advocating Lending
Lending is one of the oldest industries and NEXO are advocating lending in a way making things easier for cryptocurrency holders. Technology has made lending possible in an outstanding way particularly in the cryptocurrency space.
Blockchain technology has facilitated a facelift and new facet to the lending industry and Nexo Finance are doing their best to rule the market. Several mediators in the lending industry are going to sense the disruptive nature of the services facilitated by NEXO finance. However, the lending facilitated by NEXO is good for cryptocurrency users who want to hold a token and at the same time enjoy the benefits of holding the token.
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