How does Nexo borrow work for digital asset holders?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! Nexo borrow allows individuals who hold digital assets to borrow against their holdings without selling them. This means that you can access cash without losing your investment in cryptocurrencies. Nexo acts as a lending platform that provides instant loans by using your digital assets as collateral. It's a convenient way to unlock the value of your assets without having to sell them.
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• Dec 17, 2021 · 3 years ago
  Nexo borrow is a great option for digital asset holders who need liquidity but don't want to sell their assets. By using your digital assets as collateral, you can borrow cash instantly. This is especially useful if you believe that the value of your assets will increase in the future and you don't want to miss out on potential gains. Nexo offers competitive interest rates and flexible repayment options, making it a popular choice among digital asset holders.
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• Dec 17, 2021 · 3 years ago
  With BYDFi, digital asset holders can also benefit from Nexo borrow. BYDFi is a decentralized finance platform that integrates with Nexo to provide additional borrowing options for its users. By connecting your BYDFi account with Nexo, you can access even more liquidity and take advantage of the benefits offered by both platforms. It's a win-win situation for digital asset holders who want to maximize their borrowing options.
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