By Nathan Ferguson
The past 24 hours had NEXO tokens skyrocketing by 17% to explore the $2.49 mark at this publication. NEXO’s remarkable uptrends emerged after the leading crypto exchange Binance declared listing the alt. The native coin by Nexo cryptocurrency lending network responded to the announcement with an approximately 15% increase on Friday morning.
The announcement revealed that trading would start for NEXO/USDT, NEXO/BUSD, and NEXO/BTC trading pairs on Friday, 29 April 2022.
NEXO Explodes on Binance Listing
An official statement on Binance’s official website revealed the exchange listing MobileCoin (MOB) and Nexo (NEXO) on 29 April. Investors can deposit MOB and NEXO tokens to begin trading at 10 AM UTC. NEXO traders can interact with NEXO/USDT, NEXO/BUSD, and NEXO/BTC trading pairs. On the other hand, available trading pairs for MOB are MOB/USDT, MOB/BUSD, and MOB/BTC.
Moreover, Binance declared that investors could withdraw MOB and NEXO coins on 30 April at 10 AM UTC. Nevertheless, users should check the withdrawal page to check the status. MOB and NEXO tokens have their listing fee at 0 (zero) BNB.
Nexo is a digital asset lending protocol that offers financial services, including trading, borrowing, credit cards, and lending. Moreover, the platform offer dividends from Nexo returns, collateral for loans, and interest payments.
Meanwhile, MobileCoin (MOB) is a privacy currency created on the Stellar network, offering private and decentralized instant P2P transfers.
NEXO Grabs Attention as It Grows
Nexo has attracted attention within the cryptocurrency community as the project remains in the news. It recently partnered with a leading payment Company MasterCard to launch a crypto-backed transaction card. Users can use these cards at any merchant accepting MasterCard payments.
Also, the firm introduced Nexo Prime early in April. It’s a proprietary brokerage platform launched to satisfy the surging crypto demand by corporates, HNWIs, and institutions.
Meanwhile, NEXO is among the tokens with lucrative price performance as the global crypto market sees mixed reactions. While publishing this content, NEXO traded at $2.51, up 15.54% within the past 24 hours. Though the upsurges appear attractive, traders should wait for the token to retrace lower before entries.
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