All Nexo products are operating normally – Borrow, Earn, Exchange, the Nexo Card.
13 Jun 2022, 05:53
All Nexo products are operating normally – Borrow, Earn, Exchange, the Nexo Card.
As always – deposits and withdrawals are processed instantly so that all of you can make the necessary arrangements in this latest downturn in the markets.
Nexo is the first and only blockchain finance company to have a real-time audit of its custodial assets, showing that the company’s assets exceed its liabilities at all times which attests to Nexo’s liquidity and ability to meet all of its obligations.
The Nexo team has never cheered for the failure of any blockchain business but we have warned that operating a sustainable business model based on prudent risk management is what differentiates Nexo and allows us to maintain financial stability in any market circumstances.
As a sign of goodwill and in an attempt to support the digital asset ecosystem in these difficult times, yesterday we reached out to the Celsius team to offer our support, but our help was refused. We firmly believe that much can be done to help Celsius’ clients.
Nexo is in а solid liquidity and equity position to readily acquire any remaining qualifying assets of Celsius, mainly their collateralized loan portfolio. We are putting together an offer to Celsius to that accord and will communicate it publicly.