The crypto borrowing and lending platform Nexo recently provided transparency into exactly how its business makes money. Its lengthy breakdown follows the collapse of numerous high-profile crypto lending firms that were overexposed to defunct projects and businesses. Nexo’s Business Model As Nexo explained in a Twitter thread on Monday, Nexo’s primary business strategy is to facilitate collateralized credit. Its core services include crypto collateralized loans, interest-bearing crypto accounts, and spot, futures, and options trading. Through its Earn product (crypto interest…
PK Daami is a content writer, fiction lover, and AI developer. He writes or has written for outfits like Realm, ChangeNOW, and SatoshiLab’s Invity.
In his free time, Daami is either working on bots that read and edit literature or watching a classic. Daami believes Bitcoin is one of the greatest things to have happened to humanity in the last decade.