Press release content from Business Wire. The AP news staff was not involved in its creation.
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Press release content from Business Wire. The AP news staff was not involved in its creation.

NEXO Tokens Now Trading on Binance DEX

October 18, 2019
NEXO Tokens Now Trading on Binance DEX
NEXO Tokens Now Trading on Binance DEX

LONDON--(BUSINESS WIRE)--Oct 18, 2019--

Nexo, the blockchain’s leading regulated financial institution, is pleased to announce that it is further enhancing its collaboration with the world’s largest cryptocurrency exchange Binance. As a direct result, the trading of NEXO on BinanceDEX starts today, October 18, 2019:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191018005360/en/

NEXO Tokens Now Trading on Binance DEX (Graphic: Business Wire)

We are happy to build a direct bridge between the Binance Chain ecosystem and the Nexo crypto banking services via the NEXO/BNB trading pair on Binance DEX. Furthermore, we are glad to have the BNB native coin integrated within Nexo’s instant crypto lending platform as this creates yet another strong utility for BNB. ” said Ted Lin, Binance’s Chief Growth Officer.

While Antoni Trenchev, Managing Partner at Nexo, commented:

Binance is enormously important to the blockchain space and we are beyond excited help expanding the ecosystem, to the benefit of both BNB and NEXO Token holders, so that they can trade and borrow and soon earn in their respective cryptocurrencies as well.

In addition to regular and growing passive income, the Nexo team is working on the NEXO Token Utilities 2.0 that will bring a plethora of new amazing utility features, including, but not limited to:

This Utilities 2.0 overhaul, of which the Binance DEX listing is one example, will further ensure a continuously growing demand and appreciation of the NEXO Token.

About Nexo:

Nexo is the blockchain’s leading regulated financial institution and the only provider of Instant Crypto Credit Lines, offering investors tax-efficient access to the value of their digital assets without having to sell them. Built by a team of professionals with more than a decade of FinTech success, the Nexo platform has processed more than $1 billion in under 18 months. All Nexo products are fully automated, offer an incredibly intuitive user experience and the flexibility to fit the individual financial needs of a global customer base of more than 300,000 users. Nexo boats guaranteed approvals, no hidden fees, and an unrivaled $100 million custodial insurance which have appealed to a wide variety of institutional clients, hedge funds and family offices, crypto mining enterprises, blockchain companies, exchanges, and everyday cryptocurrency investors.

Official website: https://nexo.io

About Binance

Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native, community-driven blockchain software system, Binance Chain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), and Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability).

Official website: https://www.binance.org/

View source version on businesswire.com:https://www.businesswire.com/news/home/20191018005360/en/

CONTACT: Elizabeth Harris 





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