Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Blockchain
  • Cardano (ADA)
  • Cryptocurrency
  • News

Cardano Successfully Integrates With The Cryptocurrency Startup Nexo

Nathan Ferguson July 8, 2021 3 min read

The world’s 5th highest ranked cryptocurrency by market capitalization, Cardano (ADA), continues to be on everyone’s watchlist as it is one of the few altcoins that has managed to withstand the effects of the recent market correction. Currently trading at $1.31, Charles Hoskinson’s project has shown considerable improvement, with developments around its imminent Alonzo upgrade making headlines every now and then.


trade now

Most recently, Cardano fans have yet another reason to celebrate as the project has now been launched on Nexo. Nexo is a cryptocurrency start-up and a major provider of loans backed by crypto. The platform is the latest upon which Cardano has now been launched, which will certainly go a long way towards increasing both the value and price of ADA even more in the weeks to come.

Nexo

Among Nexo’s various financial services, the platform allows its users to not only purchase cryptocurrency via fiat currency (such as EUR, GBP, or USD), but it also enables clients to earn a considerable amount of interest on the fiat investments or cryptocurrency holdings. Borrowing fiat currency via cryptocurrency as collateral is also possible thanks to Nexo.

Nexo had initially begun providing cryptocurrency-backed loans (it was the first to do so, in fact) back towards the end of 2017. The loans had been given out thanks to assistance from Credissimo, which is one of the world’s leading fintech groups based in Malta and founded back in 2007.

Benefits of the integration

As per a blog post penned by Nexo’s representatives, the abovementioned integration with Cardano shall allow users to purchase ADA tokens on Nexo’s exchange. As of right now, the current trading pairs which are available are ADA/BNB, ADA/ETH, ADA/BTC, ADA/USDC, ADA/USDT, ADA/GBP, ADA/EUR, ADA/HUSD, and ADA/USD. Furthermore, a maximum of 8% interest (annualised) can be earned on the ADA that is kept in the wallet that Nexo provides. The interest will also be paid out on a daily basis. Additionally, fiat currency can be successfully borrowed (almost instantaneously) against ADA, with the rates beginning from 6.9% APR. A 30% allowance for the ratio of loan-to-value will also be given.

Nexo’s managing partner and co-founder, Antoni Trenchev, had stated that institutions such as Cardano and Nexo possess immense potential for helping one another experience even greater success than what has already been achieved by each organization on its own. As Nexo adds some much-needed utility for ADA, which will also decrease its selling pressure, add new users and finally increase its value, Cardano, in return, will help Nexo gain more clients and broaden its market, Antoni added.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: The Biggest Bitcoin Evangelist Michael Saylor Claims that Buying Dogecoin is Like Gambling
Next: Tides are Turning for Bitcoin Exchange Traded Funds in Canada

Related Stories

Zero-Knowledge Proofs – All You Need To Know
11 min read
  • Blockchain
  • Guide

Zero-Knowledge Proofs – All You Need To Know

August 8, 2022
Crypto Exchange Gaia Co. Is All Set To Launch Crypto ATMs In Osaka And Tokyo
3 min read
  • Crypocurrency Exchanges News and Reviews
  • Cryptocurrency
  • News

Crypto Exchange Gaia Co. Is All Set To Launch Crypto ATMs In Osaka And Tokyo

August 6, 2022
Australian Victorian Police To Get New Powers To Freeze Crypto From Criminals
3 min read
  • Cryptocurrency
  • News
  • Regulation

Australian Victorian Police To Get New Powers To Freeze Crypto From Criminals

August 6, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$24,023.00
4.52%
ethereum
Ethereum (ETH)
$1,746.00
3.80%
tether
Tether (USDT)
$1.00
0.06%
usd-coin
USD Coin (USDC)
$1.00
0.13%
binancecoin
BNB (BNB)
$329.44
5.62%
cardano
Cardano (ADA)
$0.54
5.15%
ripple
XRP (XRP)
$0.379764
1.98%
Binance USD
Binance USD (BUSD)
$1.00
0.26%
polkadot
Polkadot (DOT)
$9.23
8.98%
dogecoin
Dogecoin (DOGE)
$0.070970
3.36%

Recent Posts

  • Zero-Knowledge Proofs – All You Need To Know
  • How to Earn Passive Income via DeFi
  • Crypto Exchange Gaia Co. Is All Set To Launch Crypto ATMs In Osaka And Tokyo
  • Australian Victorian Police To Get New Powers To Freeze Crypto From Criminals
  • FXCC Review – Is FXCC Scam or Satisfactory as a Broker?
  • Shiba Inu: SHIB’s Burn Rate and Binance Factor to Zero in On
  • GMPortal Review – Is GMPortal Scam or a Proper Broker?
  • Bitech Max Review – Is Bitech Max Scam or a Proper Broker?
  • Ellis and Burlington Review 2022 (ellisandburlington.com) – Should You Consider This Recovery Company?
  • Everything You Need To Know About Ethereum Classic (ETC)
  • TRON’S July Performance: Was It Impressive?
  • What is Metaverse Index (MVI)? A Beginner’s Guide
  • Ledger Seeks Additional $100M In Funding
  • Binance Account Bound Token Aims At KYC User Credentials
  • Bitcoin Improvement Proposal (BIP) Complete Guide – What Are BIPs?

Categories

You may have missed

Zero-Knowledge Proofs – All You Need To Know
11 min read
  • Blockchain
  • Guide

Zero-Knowledge Proofs – All You Need To Know

August 8, 2022
How to Earn Passive Income via DeFi
11 min read
  • DeFi (Decentralized Finance)
  • Guide

How to Earn Passive Income via DeFi

August 7, 2022
Crypto Exchange Gaia Co. Is All Set To Launch Crypto ATMs In Osaka And Tokyo
3 min read
  • Crypocurrency Exchanges News and Reviews
  • Cryptocurrency
  • News

Crypto Exchange Gaia Co. Is All Set To Launch Crypto ATMs In Osaka And Tokyo

August 6, 2022
Australian Victorian Police To Get New Powers To Freeze Crypto From Criminals
3 min read
  • Cryptocurrency
  • News
  • Regulation

Australian Victorian Police To Get New Powers To Freeze Crypto From Criminals

August 6, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%