Crypto trading and lending platform Nexo has introduced a $5,000 minimum threshold to use its services as the company transforms into a digital asset wealth manager targeting the mass affluent market.
The move, which will take effect on February 21, is part of the company’s 2025 growth strategy and recent rebranding, according to a press release Tuesday.
“Guided by principles rooted in traditional finance and the personalized efficiency of private white-glove services, we are committed to delivering sustainable wealth solutions for generations to come,” said Nexo co-founder Kosta Kantchev in a statement.
Nexo was one of the few crypto borrow and lend platforms that survived the bear market of 2022-23, and the collapse of many centralized crypto finance firms at the time. Looking ahead, Nexo won pre-approval to operate as a licensed entity in Dubai in March last year.
Nexo has more than $11 billion in assets under management, has issued $8 billion in crypto credit, and paid over $1 billion in interest, the company said.
