Nexo Crypto Wallet Provider Launches a New OTC Borrowing, Lending & Trading Desk

Nexo cryptocurrency wallet announced on Tuesday the launch of the Over the Counter (OTC) trading, borrowing and lending desk. The company plans to offer privatized and personalized OTC services to their institutional, large retail and corporate clients who cannot access the liquidity on normal exchanges.

Nexo is a cryptocurrency exchange that allows users to trade digital assets, take out loans using crypto and lend digital assets at high returns. Currently, the exchange allows users to borrow fiat using over twenty cryptocurrency pairs as collateral such as Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Dash (DASH) and other top cryptocurrencies.

Users will be able to use their crypto assets to borrow three fiat currencies – Euro, US Dollar and British Pound – or a range of stable coins including Tether (USDT), True USD (TUSD), USD Coin (USDC), Paxos Standard (PAX), and Dai (DAI).

“The OTC Desk offers 1-on-1 service and will further enhance Nexo’s product offering in addition to our signature automated Instant Crypto Credit Lines™ and Earn 8% Interest accounts.”

– Nexo team

The minimum deposit required by the corporations and institutional investors is $100,000 USD and a Nexo wallet verified using government documents and IDs.

The cryptocurrency wallet provider announced on July 1st its partnership with Terra Partners to grow the crypto lending and savings markets across Asia. Following the partnership, Nexo will allow its lenders an efficient platform eliminating the need for cumbersome credit checks. Furthermore, Nexo will offer users the ability to obtain an instant loan in fiat currency or cryptocurrency by placing their Terra in a Nexo account (

The partnership will also offers users in Asia a higher yield than the normal Nexo savers and far much more than the traditional markets. Terra will top Nexo’s 8% interest rate with additional returns, funded by Terra’s seigniorage model, which would allow Terra holders to enjoy double-digit yearly returns on Nexo.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide