Crypto trading and lending platform Nexo has introduced a $5,000 minimum limit to use its services as the company evolves into a digital asset wealth manager targeting the wealthy mass market.
The move, which takes effect February 21, is part of the company’s 2025 growth strategy and recent rebranding, according to a press release issued Tuesday.
“Guided by principles rooted in traditional finance and the personalized excellence of high-level private services, we are committed to providing sustainable wealth solutions for generations to come,” said Nexo Co-Founder Kosta Kantchev , in a press release.
Nexo is one of the few cryptocurrency borrowing and lending platforms that survived the 2022-2023 bear market and the collapse of many centralized cryptocurrency finance companies during that time. Looking ahead, Nexo first obtained approval to operate as a licensed entity in Dubai in March last year.
Nexo has more than $11 billion in assets under management, issued $8 billion in crypto credit and paid more than $1 billion in interest, the company said.
