Cryptocurrency, once a niche internet phenomenon, is now a major part of the fiscal landscape, and digital assets make up a large part of many people’s financial portfolio. Nexo aims to make managing them that bit easier, with its digital wallet for crypto.
It sets out to give you the greatest flexibility over how you earn, save and pay. It supports 35 different cryptocurrencies, and offers the ability to buy, exchange or borrow funds, as well as daily interest payouts and the Nexo Card - a credit card that lets you spend your crypto without having to sell it.
Its platform has flexibility that offers strong user appeal, and has cemented its place in the market with over 5 million users. Its status was somewhat rocked, however, by eight US states taking legal action against it in 2022, accusing it of failing to register with the state authorities correctly. The company has now paid its fine of $22.5 million and has discontinued its Earn Interest Product, returning to the US markets in 2025.
Freddie
Company Specialist at Welcome to the Jungle