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: Stock Investors
Stock Investors Choose to Invest More in Crypto Now
Like stocks, investing in crypto allows you to earn a high ROI. However, whether it’s a stock market investment or a crypto investment, a formula to win over the market does not exist. Nevertheless, the crypto market has started to attract all kinds of investors. A thorough understanding of the crypto market has helped many investors earn incredibly high returns. In 2021, the crypto investment makes perfect sense. On top of significant gains, crypto investment offers valuable exposure to investors…
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