Crypto trading and lending platform Nexo is set to introduce a $5,000 minimum limit to use its services as the firm evolves into a digital asset asset manager targeting the wealthy mass market.
The move, which takes effect in February, 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 excellence of private white glove services, we are committed to providing sustainable wealth solutions for generations to come,” Nexo co-founder Kosta Kantchev said in a statement.
Nexo is one of the few crypto lending and lending platforms that has survived the bear market of 2022-23 and the collapse of many centralized crypto finance companies at that time. Looking ahead, Nexo won an initial approval to operate as a licensed entity in Dubai last March.
Nexo has over $11 billion in assets under management, has issued $8 billion in crypto credit and paid out over $1 billion in interest, the company said.
[Update: date in story changed to February]
