NEXO price has soared 17% over the past day, and the latest price of $2.49. The biggest crypto exchange Binance made the listing of NEXO, which is the indigenous token used in its Nexo crypto loan platform. The price by more than 15% increased within an hour on Friday.
The trading will begin for NEXO/BTC/NEXO/BUSD and NEXO/USDT on Binance at 10 am UTC on 29 April.
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NEXO Price Shoots Higher on Binance Listing:
In an announcement made via its official website, Binance stated that they would launch the listing of Nexo (NEXO) and MobileCoin (MOB) in the coming days of the 29th of April. Customers can begin making deposits of MOB and NEXO tokens and begin trading at 10 am UTC. The trading pairs available for NEXO are NEXO/BTC and NEXO/USD, and NEXO/USDT trade pairs. There are three trading options for MOB/BTC, MOB/BUSD, and MOB/USDT.
Binance stated that users could withdraw NEXO and MOB tokens on April 30 at 10 am UTC. But, they must be sure to check the status of their withdrawal webpage. The listing cost for NEXO as well as MOB is 0 BNB.
Nexo can be described as a loan platform for digital assets that provides services like trading, lending, lending credit cards, etc. It also offers interest-free payments, collateral for loans, and dividends derived from Nexo’s profits.
However, MobileCoin is a token of privacy built upon the Stellar blockchain, an instant, decentralized, and private P2P transaction.
NEXO Gathers Attention As It Expands:
Nexo is receiving interest from crypto enthusiasts, as it is constantly in the news. Nexo launched a crypto-backed payment card in conjunction with the global payment firm Mastercard in the last few days. The card will allow users to use the card at any merchants that accept Mastercard payments.
In April at the beginning of April, the company unveiled Nexo Prime. This proprietary prime brokerage platform will satisfy the increasing demands for electronic assets from corporate, institutional, and HNWIs.
With the mixed reaction to the cryptocurrency marketplace, NEXO can be considered one of the most sought-after tokens currently available. However, traders need to be patient until the NEXO price is slightly lower to make an entrance.
NEXO Website: https://nexo.io/
Binance Website: https://www.binance.com/
Source: Google News Trend