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…
Tag: Decentralized Banking
Why Decentralized Banking Will Rule the World
Decentralized Finance (DeFi) is the latest rage for 2020. You may call it the flavor of the year on the crypto market and in financial investment in general, if you will. DeFi projects are skyrocketing in value from zero to hundreds of millions in just a few weeks. New tokens become prized assets soon after the launch. Everyone wants a piece of the pie, and if you’re late for dinner, there might not even be any crumbs left to settle…
2 years ago 
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