who owns nexo

Image Credit: Beware of Fakes and Scammers – Nexo – Medium

Nexo, which is backed by TechCrunch founder Michael Arrington, has introduced several initiatives over the last few months and recently became the first project to accept XRP as collateral. The company which functions as a bridge between the crypto world and the financial world.

Is Nexo a US based company?

Nexo was founded in 2017 by Antoni Trenchev, Georgi Shulev, and Kosta Kantchev, three Bulgarian founders with experience with various financial institutions around Europe. The company is registered in London, England.Oct 2, 2021

Is Nexo trustworthy?

Is My Money Safe? Nexo isn’t a U.S. company and doesn’t follow U.S. regulations or offer FDIC insurance. But its custodial wallet does use cold storage that is held in military-grade Class III vaults.Apr 29, 2022

Where is Nexo based?

Zug, Switzerland
Nexo Finance is registered and based in Zug, Switzerland and is led by three Managing Partners as it has always been transparently declared.

Who is CEO of Nexo?

Antoni Trenchev
Antoni Trenchev, MD & CEO at Nexo, discusses crypto following the Berkshire Hathaway 2022 annual meeting.5 days ago

Is Nexo regulated in UK?

Is Nexo Regulated? Nexo is an EU licensed and regulated financial institution. You can read more about that here.Mar 3, 2022

Is Nexo regulated?

Nexo is a regulated institution for digital assets, offering its users the “opportunity to maximize the value and utility of cryptocurrencies“. Nexo achieves this by offering: Tax-efficient Instant Crypto Credit Lines. A high yielding Earn Crypto Interest Product.Feb 18, 2022

Is Nexo Centralised?

Nexo is a centralized company that offers interest for those who want to lend their crypto. The company distributes 30% of its net profits to those that hold—and are staking—Nexo’s native, eponymous token.”

Who is Kosta Kantchev?

Kosta Kantchev – Co-Founder & Executive Chairman @ Nexo – Crunchbase Person Profile.

Where is Antoni trenchev from?

Munich, Germany
Antoni Trenchev
Born March 15, 1987 Munich, Germany
Known for Former Member of the National Assembly of the Republic of Bulgaria
Title Co-founder of Nexo

When was BlockFi founded?

Founded in 2017 by Zac Prince and Flori Marquez, BlockFi was created to provide credit services to markets with limited access to simple financial products.
Image Credit: Nexo — The World’s First Instant Crypto-backed Loans – Nexo

What Is Nexo?

Talking about Nexo token, it works as the online service of cryptocurrency loan where it is offering some financial benefits for efficiently storing the crypto assets on different platforms. In the list of platforms over Nexo review, we have the names of Ethereum and Bitcoin available on Nexo secure wallet.

Is Nexo trustworthy?

Nexo crypto is specially designed for security, and it is entirely driven by trust. This platform is strictly complying with the standards of global AML and KYC. Hence, they are giving their utmost attention to the security to let this platform be the most secure one for the new investors.

How does Nexo make money?

For the activation of earning interest in the Nexo crypto for the higher interest rates, you have to:

Image Credit: List of NEXO (NEXO) Exchanges to Buy, Sell & Trade …

Can I buy crypto on Nexo?

It is easy to buy Nexo crypto with a debit or credit card on various crypto exchanges such as Coinbase or Coinmama. You have to create a Nexo wallet that will be your account and get it approved for the future buying process.

Are Nexo coins worth it?

Nexo crypto is already having a solid presence inside the space of a cryptocurrency interest account. In the middle of competitive interest rates of the stablecoins, BTC, ETH, other cryptocurrencies, it would be worth exploring for all such users who are paying interest on their cryptocurrency.

How do I start earning interest on Nexo?

You need to, first of all, create the account on the .nexo.io. KYC will enable the user to earn with some interest on all the stablecoins or the support cryptocurrencies. You also need to activate the 2FA for adding any extra protection layer to the 256-bit encryption.

Image Credit: Beware of Fakes and Scammers – Nexo – Medium

How does a Nexo loan work?

The entire lifecycle of how does Nexo work generally revolves around few steps, which you can see in this Nexo review below:

How does Nexo make money?

Nexo makes money on the differential between crypto loans and deposits. This is pretty typical for cryptocurrency interest account and lending platforms. Its cryptocurrency loans may offer rates as low as 5.9%, but those rates may increase in order to pay higher interest to depositors.

What is Nexo token?

NEXO was created during the ICO, and distributed to the team and early adopters. The firm shares up to 30% of its profits with NEXO holders. The NEXO token underpins the loan and deposit ecosystem; holding the token entitles buyers to a 30% share of company profits, like a dividend.

Image Credit: Nexo (NEXO) Review: Blockchain Lending Platform and Token …

Who is the CEO of Celsius?

In contrast, Celsius CEO Alex Mashinsky conducts weekly AMAs, and is effectively putting on a masterclass in leadership involvement and transparency for cryptocurrency interest companies. Signing up for Celsius also gets you $40 in BTC with your first transfer of $400 or more.

Who is Alex Moskov?

Alex Moskov. Alex Moskov is the Founder and Editor-in-Chief of CoinCentral. Alex leans on his formal educational background (BSBA with a Major in Finance from the University of Florida) and his on-the-ground experiences with cryptocurrency starting in 2012. Alex works with cryptocurrency and blockchain-based companies on content strategy …

What is the difference between Celsius and Linus?

Celsius vs. Linus makes for an interesting comparison between two unique cryptocurrency interest accounts. Both platforms let you earn passive but not-risk-free income, but they accomplish this through distinct approaches. Celsius accepts cryptocurrency deposits and allows for “in-kind” interest, and it also functions as a lending platform. On the other hand, Linus only accepts and…

Image Credit: Nexo (NEXO) Review: Blockchain Lending Platform and Token …

What is Nexo token?

NEXO Tokens offer additional utility features such as discounted interest rates on the Nexo instant crypto-backed loans and are also accepted as collateral on the Nexo Platform.

What is Nexo standard?

nexo standards, which offers the payment community a unified, ISO-based solution for payment acceptance, has expanded its scope beyond card-based transactions to support changes in the ways consumers are paying for goods and services; for example using mobile wallets, instant payments, request-to-pa…

Does Nexo have ADA?

The Nexo digital assets platform has initiated the integration of Cardano’s native ADA to its full suite of financial services. The post Nexo platform launches full integration of Cardano appeared first on CityAM.

Image Credit: 2004 Hyundai Tiburon – Interior Pictures – CarGurus

TV Shows

Antoni Trenchev, Nexo co-founder and managing partner, discusses the fraud allegations roiling the cryptocurrency market with Bloomberg’s Romaine Bostick and Caroline Hyde on “Bloomberg Markets: What’d You Miss?” (Source: Bloomberg)

Bloomberg Markets

“Bloomberg Markets” is focused on bringing you the most important global business and breaking markets news and information as it happens.

The David Rubenstein Show

The David Rubenstein Show: Peer-to-Peer Conversations” explores successful leadership through the personal and professional choices of the most influential people in business.

Image Credit: Nexo (NEXO) Review: Blockchain Lending Platform and Token …

Nexo Group App – Totally Anonymous

Something that stands out about this Nexo Group trading platform is that the owners are nowhere to be found. We looked absolutely everywhere and came up totally empty. There is not a single mention of who might run this trading operation or who owns it. To say the least, this is extremely suspicious.

Nexo Group Company – Fake Information

The next Nexo Group scam factor that came to our attention has to do with the information provided on the website, nexo-group.com. Here, we are provided with an address, and apparently this company is based in Berlin, Germany.

Nexo Group System – Not A Legit Company

Seeing as this Nexo Group company provided a bunch of phony info on the site, we figured it crucial to do some more research into it. Companies which hamdle money like this and provide trading services need to be officially licensed and registered. To absolutely no surprise to us, this company is neither of those things.

Image Credit: Nexo Review: A Safe Investment for Your Crypto?

Nexo Group App – Nothing But Complaints & Losses

What is definitely important to mention about this Nexo Group trading app is that there ae nothing but pure complaints about it. We have received literally hundreds of complaints from angry scam victims, and they are all the exact same.

Nexo Group – Fake Bonuses

The other thing we would like to mention here is that the claim of providing you with a bonus if you invest money is fake too. Investors are told that there is a bonus for anybody who invests over a certain amount. Of course, this is just a lure, nothing more than a trap to get you to fork over your hard earned money.

Nexo Group Scam Review – Conclusion

At the end of the day, the one thing you can be sure of is that if you deposit any amount of money with this Nexo Group system, you will lose it all in a heartbeat. There are literally hundreds of complaints against this day trading application, and they all end with investors losing every last penny invested.

Image Credit: 2005 Hyundai XG350 – Pictures – CarGurus


If you would like to find out more about cryptocurrencies and cryptocurrency trading, go to our Cryptocurrency Explained section!

Is Nexo Group regulated?

Because of the fact that Nexo-Group is an anonymous broker, we have absolutely no information about whether it is regulated or not. As a rule, brokers need to give information about their registration or license so that it can be verified that they are actually regulated by financial bodies.

Does Nexo Group have trading conditions?

Nexo-Group has absolutely no information about its trading conditions. Trading conditions are some of the most vital pieces of information traders require to carry out transactions on a broker’s trading platform, so if this information is missing, then it’s a huge red flag for us.

Image Credit: JOE PARYS – Deals & Resources

What is etoro trading?

eToro is a multi-asset platform which offers CFD and non CFD products. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Is there a corporate information about the brokerage company?

A big red flag here is the fact that there is absolutely no corporate information about the company that runs this brokerage. There is a Berlin address, a telephone number and two generic email IDs on the broker’s Contact Us page, but no other details.

Use your heads

Why would they offer to change the rules TWO MONTHS before we’re due a dividend payout after a year of RECORD BREAKING PROFITS.


Vote No on the dividend proposal!

Although the APY will be higher (as explained in another post today) if we switch to the interest option, the price future will become less bright… Let me explain.

I was so pumped about Nexo…. and then this happened

When I found this project last year I was over the moon. The idea of being able to be part of a community and part of a platform that rewards dividends was very appealing.

Governance Vote – Please think this through

Nexo is still a fairly small enterprise with a massive amount of upside growth potential in the next 5, 10 or 15 years. The dividend payment scales with their growth as a company for the true believers (hodlers), while the interest rate they’re baiting everyone with right now will be reduced over time.

Image Credit: Nexo — The World’s First Instant Crypto-backed Loans – Nexo

Anyone else use all the platforms instead of arguing which is the best?

I don’t fully trust any of these companies, but I have a hard time deciding to put a large percentage of my funds into one or two of these companies. My trust level is about the same for all of them, so I have been taking the approach of putting a little bit in all of them.

If Nexo want to provide more regular payouts, why not just quarterly dividends like most companies?

Their rationale for switching to interest is that the community apparently want more regular payouts. I would argue that perhaps just the newbies want this. Anyone who believes in Nexo is in it long term and will be patient for growing future dividends.

Message to all of you thinking Nexo is trying to screw token holders with interest instead of dividends

It literally doesn’t matter. If their intent is to screw you, they will get to screw you effortlessly and legally even if dividend stays.

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