The Cardano Community received the much-anticipated news on Wednesday (June 30): Cardano (ADA) is now available for Nexo’s services, which is one of the top providers of crypto-backed loans. Check Out How Cardano Is Available For Nexo’s Services Can Benefit You: Purchase ADA on the Nexo Exchange and receive cashback. Earn up to 8% interest on ADA, which is paid out every day. Borrow against your ADA with the most flexible crypto credit line in the business. Clients will add the currency to their Nexo Wallets during the first Cardano launch by purchasing it on the Nexo Exchange. Withdrawals and deposits in ADA will be momentarily inaccessible but will be available on the platform in due course. This post contains further information on our innovative approach to asset integration. Purchase ADA Using Fiat or Crypto Purchasing Cardano on the Nexo Exchange is one of the quickest, safest, and most user-friendly methods of acquiring ADA. You may purchase Cardano on Nexo using cryptocurrency, or you can use our straight fiat on-ramp to get ADA in your Nexo Wallet in seconds. Nexo’s integrated exchange provides over 100 trade pairs and optimum rates from its industry-exclusive Smart Routing System, which aggregates prices from various exchanges and determines the best one for you. Earn Money Using ADA, Nexo’s Earn on Crypto program offers 8% interest on Cardano. All you have to do is keep ADA in your Nexo Wallet to earn daily interest payments. You have the option of selecting FLEX Terms for a flexible account with no lock-ins, or Fixed Terms for a higher yield. Borrowing Against the ADA Nexo’s Instant Crypto Credit LinesTM lets you borrow money using Cardano as collateral at rates as low as 6.9% APR and with a loan-to-value ratio of up to 30%. Immediate Crypto Credit Lines automatically process credit requests, resulting in instant approvals. There are no installments, minimum loan repayments, or hidden fees, so you may handle your credit however you see appropriate. Nexo only makes loans that are over-collateralized. Cardano, ADA, and IOHK Cardano is a blockchain platform based on proof-of-stake. Cardano aims to transfer power away from unaccountable institutions and into the hands of citizens. IOHK is a research and development and product engineering firm dedicated to leveraging peer-to-peer technologies to bring financial services to the 2 billion people who do not have them.
The post Cardano (ADA) is Now Available for Nexo’s Services appeared first on Cryptoknowmics-Crypto News and Media Platform.
from Live Crypto News – Cryptoknowmics-Crypto News and Media Platform
