Launched in 2017, Nexo has strived to bring professional financial services to the world of bitcoin. As a custodial financial platform, Nexo Leverages the best of the team’s years of experience in FinTech along with the power of blockchain technology. Nexo empowers millions of people to harness the value behind their Bitcoin and digital assets, shaping a new, better financial system. Nexo currently manages investments for 3.5М+ users across 200 jurisdictions.
Nexo not only provides buying and selling of bitcoin but also additional financial services such as taking out loans collateralised with your bitcoin or earning interest on your bitcoin holdings. They also provide bitcoin cards which make it easier to spend your bitcoin with compatible merchants.
While Nexo does have a 5-year track record it is important to note that to use Nexo you will have to trust the platform with your bitcoin and take on third party risk.
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