Nexo integrates Fantom

Nexo integrates Fantom

We are pleased to announce that the leading exchange and digital assets institution Nexo now supports the Fantom mainnet token FTM.

Nexo is one of the most sophisticated crypto banking and financial-service providers in the industry. Now, Fantom holders can join the 3 million-plus users benefiting from Nexo security and the numerous features the platform offers.

Features include:

  • An exchange for quick token swaps with fiat on-ramp through credit or debit card.
  • Up to 18% APR on FTM held in secure, maintenance fee-free Nexo accounts.
  • Seamless, 0% APR loans for Fantom holders ‒ no credit check required.
  • 24/7 Customer support.

Security is a top priority at Nexo: in addition to partnering with industry leaders BitGo, Ledger, and Fidelity Digital Assets for insured custody services, Nexo has passed stringent own-capital requirements to gain status as a licensed financial services provider across multiple jurisdictions. In 2021, Nexo passed the lending industry’s first real-time audit via US accounting firm Armanino.

Beyond the retail sector, Nexo also offers Nexo Prime, a best-in-class crypto prime brokerage for institutional and corporate clients who now have access to Fantom. Solutions provided on Nexo Prime include bespoke lending, trading & derivatives, custody through Fantom partner Fireblocks, and more.

“For both retail users and corporate clients, Nexo plays an essential role in bridging the worlds of banking and crypto. But even more, as they innovate in that space, they’ve succeeded in outperforming banks in customer support and services. We are thrilled to be working and community-building with them.” ‒ Michael Kong, Fantom CEO.

“With Fantom overtaking Binance Smart Chain in total value locked, we are happy to offer our users access to unrivaled financial services for FTM. This integration is just the latest in a series of rapid-fire listings which have turned the Nexo platform into one of the most efficient gateways to the DeFi ecosystem.” – Elitsa Taskova, Product Owner at Nexo.

About Nexo

Nexo is the world's leading regulated digital assets institution. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient Instant Crypto Credit Lines, a high-yield Earn Crypto Interest suite, an instant Exchange service, and sophisticated trading and OTC capabilities while providing the top-tier custodial insurance and military-grade security of the Nexo Wallet. Nexo has processed $75+ billion for 3,000,000+ users across more than 200 jurisdictions.

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About Fantom

Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in 1 second and cost a fraction of a cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.

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