![]() The goal is to cater to client needs while fulfilling demand for exposure to cryptocurrencies. This is only the second time that Nexo has brought an asset on board via their new integrations system. Adding Cardano to Nexo’s Earn on Crypto & Fiat Suite and Instant Crypto Credit Lines™ brings their total serviceable assets to 20. The Cardano integration comes from increasing demand from both Nexo clients and ada holders. Nexo is a leading institution for building value in the decentralized finance (DeFi) space. Now, we’re adding Nexo to our growing list of collaborators. This partnership increases ada’s utility and enhances Cardano’s value and reach.Īs we move towards the Alonzo upgrade, IOHK is establishing strategic partnerships with organizations like Orion and Nervos to expand the Cardano ecosystem. This will allow ada holders to buy, borrow, lend, and sell crypto on the Nexo Exchange, while also earning up to 8 percent interest on their holdings, or accessing ada-backed credit. Nexo kicks off a landmark collaboration with IOHK to fully integrate Cardano into its platform.
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