News with the tag "Nexo"

Nexo has appointed Lorenzo Pellegrino as Chief Banking Officer (CBO), leveraging his extensive fintech experience to expand the company's financial services and digital asset integration.

A significant Ethereum (ETH) transfer by Nexo involving 48,321 ETH to Binance and 20,000 ETH to Aave highlights strategic asset management in the crypto space, with potential implications for liquidity and yield optimization.

Nexo reported a 72% year-over-year rise in crypto-backed lending usage, with significant growth in transaction volume and frequency, particularly in Southern Europe, driven by its collateralized credit line service.