Company Nexo offering instant cryptocurrency loans, processed more than $300 million in seven months. Net profit thus reached $3 million About it ForkLog said the representatives of Nexo.

Note that during this period the services of the company have used 170 thousand people. The annual interest rate starts from 8%, which, according to representatives of Nexo, much lower than the rate on credit cards.

It is noteworthy that in December 2018, holders of the tokens Nexo received payments totaling $912 071 — of 4.80% per annum.

The company makes loans in 45 Fiat currencies and cryptocurrency assets are insured in the case of attacks for up to $100 million.

We will remind, earlier cryptocurrency lender BlockFi attracted investment from Coinbase Ventures.

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