This week witnessed a host of developments for the cryptocurrency lending platform,
Nexo. The platform's token,
NEXO, has seen multiple future
price predictions, indicating investor interest in its direction. Accompanying these predictions, Nexo dealt with a series of administrative issues, from regulatory victories in
Dubai to combating concerns over a sudden fee hike. In addition to its lending services, Nexo also made waves with the mainstream
cryptocurrency community, securing listings for the popular
memes coins Shiba Inu and Pepe. The platform's product manager shared insights into the ongoing crypto lenders' crisis and discussed what users are seeking the most. Amid the series of events, Nexo secured a
favourable outcome with the close of its money laundering investigation in Bulgaria due to insufficient evidence, and initiated a
$3B damages claim against the country, seeking redress for the dropped investigation. In an attempt to win back user approval, the platform has offered free fiat withdrawals and featured rewards in the form of tokens. Nexo has also put up a big show in a new campaign targeting the addition of a Bitcoin emoji. It has also started to phase out cashback for UK transactions due to approaching FCA rules. Notably, Nexo seems to be branching out in the financial sphere with the launch of a
Simplified Futures Trading that offers a leverage up to 50x. This comes alongside the platform's mission to provide crypto users a seamless experience, evident with their pursuit for official Bitcoin emoji representation and its tripled cashback offering for debit and credit Nexo Card.
NEXO Coin News Analytics from Wed, 02 May 2018 02:47:09 GMT to Mon, 26 Aug 2024 09:00:37 GMT -
Rating 6
- Innovation 7
- Information 7
- Rumor 4
