NEXO price spiked 17% after the announcement of listing on Binance

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2022-05-03 07:55:28

The NEXO price has spiked 17% in the past 24 hours, with the current price trading at $2.49. After the largest cryptocurrency exchange Binance announced the listing of NEXO, the native token of crypto lending platform Nexo, the price jumped nearly 15% in an hour on Friday.

NEXO/BTC, NEXO/BUSD, and NEXO/USDT trading pairs will be available on Binance at 5:00 p.m. KST on Friday, April 29.

NEXO price will go even higher after listing

In an official announcement on its website, Binance said it will list Nexo (NEXO) and MobileCoin (MOB) on April 29. Users can start depositing NEXO and MOB tokens to start trading. translate at 5pm. The trading pairs available for NEXO are the NEXO/BTC, NEXO/BUSD and NEXO/USDT trading pairs. While, for MOB, the trading pairs are MOB/BTC, MOB/BUSD and MOB/USDT.

Furthermore, Binance announced that users will be able to withdraw NEXO and MOB on April 30th at 5pm. However, users need to check the status on the withdrawal page. The listing fee for NEXO and MOB is 0 BNB.

Nexo is a lending protocol for digital assets that provides services like lending, borrowing, trading, credit cards, etc. The platform also provides interest payments, assets guarantees for loans and dividends from Nexo’s profits.

Meanwhile, MobileCoin is a privacy token built on the Stellar blockchain that provides decentralized and private instant P2P transactions.

NEXO attracts more attention as it expands

Nexo has been attracting attention from the crypto community as it continues to be featured on news sites. Nexo recently launched a crypto-backed payment card in partnership with global payments company Mastercard. Users will be able to use the card at all merchants that accept Mastercard payments.

At the beginning of April, the company also launched Nexo Prime, an exclusive prime brokerage platform, to meet the growing demand for digital assets by institutions, companies and HNWIs.

Amid mixed reactions in the crypto market, NEXO is one of the top tokens on the market today. However, traders have to wait for the NEXO price to drop a bit before making a trade.



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