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…
David Hamilton, aka DavidtheWriter, has published thousands of articles on cryptocurrencies across many top-performing platforms. In addition, he has written multiple whitepapers for successful crowdsales and has even pioneered his own token launch strategy called the ISO (Initial Story Offering).
David's love for crypto began in 2016, months before Bitcoin's break-out year. Since that time, he has consistently delivered top-notch, though-provoking crypto-related content to the market. In 2017, David relocated to Puerto Rico as part of his crypto quest. Today, he still provides the highest level content to publications, platforms, and projects.