$104,416.00
0.03%$2,557.31
2.15%$2.42
2.18%$674.68
2.50%$175.63
0.78%$0.999963
-0.00%$0.248209
6.18%$0.825075
3.06%$0.270812
3.23%$2,553.05
2.07%$4.16
4.87%$104,324.00
-0.05%$17.32
4.50%$1.53
55.59%$25.32
2.36%$3,062.66
1.82%$0.00001727
7.94%$0.314472
3.01%$0.213697
2.61%$3.50
3.09%$24.96
1.13%$414.11
0.33%$5.22
2.73%$8.50
3.54%$102.42
1.21%$1.00
0.01%$2,558.58
2.27%$339.90
3.27%$0.00001479
12.82%$2,725.15
2.06%$4.92
1.10%$0.999601
-0.07%$104,393.00
0.11%$1.00
-0.04%$30.29
0.26%$7.11
0.23%$461.75
1.69%$3.21
0.69%$6.05
1.17%$1.071
3.28%$222.44
0.54%$55.46
-0.22%$0.123705
16.23%$5.98
5.96%$20.31
2.39%$1.00
0.00%$0.101153
1.11%$14.31
2.79%$0.03247111
5.07%$0.826802
4.77%$5.34
2.99%$34.38
0.54%$22.01
0.16%$1.051
0.00%$0.418768
2.38%$5.37
1.22%$0.265842
2.13%$0.886774
3.92%$0.465095
1.09%$3.22
2.05%$1.002
0.11%$0.246247
1.70%$104,360.00
-0.00%$1.17
-0.03%$3.25
1.81%$0.00002461
11.28%$0.597575
1.68%$4.36
-0.01%$1.31
3.38%$0.580416
3.28%$4.60
0.61%$2,557.11
2.21%$1.014
0.55%$1,853.38
1.99%$0.998093
-0.02%$101.21
3.86%$0.881118
0.78%$2,657.96
1.85%$184.95
1.08%$11.27
0.01%$0.924198
1.78%$0.268168
2.94%$1.37
3.88%$13.80
7.29%$0.741751
1.96%$2.05
6.07%$4.82
2.32%$0.01992679
-0.69%$1.27
-0.60%$1.23
37.33%$0.076435
0.52%$2,896.73
2.01%$0.12314
2.99%$0.00011976
15.46%$104,287.00
-0.05%$0.999876
0.10%$0.782063
0.75%$1.039
1.91%$0.0230903
3.66%$0.02068309
9.94%$1.11
0.21%$675.39
2.61%$2,716.73
1.95%$227.35
1.08%$3.21
1.41%$0.999879
0.01%$0.01432919
3.72%$0.999885
-0.01%$0.364168
3.08%$194.88
1.10%$0.869792
2.29%$104,429.00
0.05%$0.672251
8.32%$0.00000085
5.17%$0.08389
1.82%$41.76
-0.08%$2,676.56
1.67%$2.52
2.99%$104,337.00
-0.21%$3,219.77
-3.11%$103,697.00
-0.09%$23.63
1.25%$0.838978
10.83%$0.999994
-0.01%$0.256413
3.59%$3,226.57
-3.09%$13.23
-5.45%$0.128103
2.73%$0.463632
2.63%$0.726138
-1.43%$3.98
-1.26%$0.692495
4.25%$0.197778
6.25%$44.60
5.08%$2,660.09
1.64%$1.98
13.86%$0.370172
0.56%$2.11
1.98%$0.997702
-0.07%$3.95
2.55%$0.249182
6.51%$0.998774
0.06%$0.761133
5.04%$0.520552
4.73%$0.01819138
-0.06%$0.192781
6.13%$0.01045473
4.84%$1.10
-0.02%$0.597311
16.38%$0.00641007
6.78%$0.231169
1.82%$0.72958
1.18%$20.00
2.13%$0.698592
6.75%$8.38
1.05%$2,560.48
2.35%$2,560.50
2.40%$111.00
0.00%$2,718.63
1.92%$7.58
8.97%$2,621.60
3.59%$0.210215
6.33%$104,407.00
0.08%$0.102019
2.83%$0.474055
-1.48%$4.28
-0.00%$3.16
1.63%$0.00002562
4.12%$0.00948062
4.91%$0.108385
6.25%$0.999891
-0.01%$0.998478
-0.01%$104,207.00
0.03%$0.066001
0.48%$0.04901451
2.25%$0.0000012
4.53%$0.714124
0.89%$101,259.00
0.05%$1.68
6.35%$0.99999
0.00%$2,557.76
2.25%$1.82
0.12%$2,543.83
1.79%$48.62
2.31%$1.66
3.36%$0.456912
6.35%$0.00000044
3.45%$1.44
4.13%$0.265723
2.07%$1.77
3.84%$0.425288
14.11%$0.16174
0.16%$0.00607381
4.04%$0.377579
13.35%$1.096
0.00%$1.01
-0.25%$0.202559
9.79%$0.427694
0.32%$104,056.00
-0.00%$0.882382
1.95%$0.00388005
6.47%$0.386303
7.14%$0.00007077
2.59%$0.00455575
1.65%$0.917344
3.28%$0.03841569
3.07%$0.01971596
2.70%$0.00424394
21.97%$34.05
0.09%$0.998817
-0.15%$141.80
2.06%$2,698.66
1.75%$0.296466
3.37%$4.35
1.11%$0.00084999
36.71%$0.999524
-0.08%$21.52
0.21%$0.03838828
4.86%$2,811.20
2.22%$20.71
10.53%$25.36
2.49%$3.05
1.31%$2,789.81
2.39%$0.743108
0.13%$0.239434
1.91%$104,335.00
0.03%$0.570486
3.06%$0.00318192
10.26%$0.0000016
1.30%$0.999944
0.08%$2,561.87
2.40%$24.86
0.50%$2,761.24
2.41%$0.999413
-0.08%$0.999931
-0.05%$1.13
3.05%$0.00
8.80%$25.22
3.12%$0.913552
7.30%$2,548.75
2.01%$1.098
-0.01%$0.598602
1.51%$0.735126
2.61%$0.0309679
14.56%$0.273516
-8.65%$0.00395072
6.66%$0.125568
2.69%$0.291249
1.07%Reading
Crypto lender Nexo announced a new collaboration with institutional crypto custodian Fidelity Digital Assets for a suite of products aimed at providing institutional investors with more onramps into crypto.
Fidelity Digital Assets is the blockchain branch of Fidelity Investments, the Boston-based asset management company that manages more than $7 trillion of client assets.
The two companies have struck a deal to develop a product range that will extend Nexo’s credit lines and Fidelity’s state-of-the-art secure crypto brokerage to institutional clients.
Nexo co-founder and managing partner Kalin Metodiev said in a prepared statement that “working with Fidelity Digital Assets is the latest milestone in our quest to offer a complete institutional platform and to onboard traditional finance companies into the digital asset ecosystem.”
The crypto platform lets users borrow cash against crypto at a variety of different rates. Similarly, users can earn up to 20% interest on assets like Bitcoin, Tether (USDT), Ethereum, and many others.
Christopher Tyrer, head of Fidelity Digital Assets in Europe, said the partnership comes amid a “tremendous growth of interest in digital assets from institutions within the European market.”
Last month, Nexo acquired a stake in digital securities broker-dealer Texture Capital in a “strategic move” that would allow it to potentially make use of Texture’s broker-dealer license, and its registration in every state, to service U.S. citizens.
Nexo also recently announced a $100 million buyback program, enabling the company to periodically repurchase its native NEXO token on the open market.
After a vesting period of 12 months after repurchase, the company can use the tokens for strategic investments via token mergers, or pay interest to clients who receive their daily yields in NEXO.
The buyback program will, of course, help boost the value of NEXO, which is currently the 89th biggest cryptocurrency, with a market capitalization of $1.41 billion. The token is currently trading at $2.52, up 24.9% over the past 24 hours, according to CoinGecko.
Fidelity Investments made headlines when it launched the fifth spot-market Exchange-Traded Fund (ETF) in Canada earlier this month, making it the largest asset manager to launch a Bitcoin ETF so far.
The fact that the firm launched it in Canada due to the U.S. Securities and Exchange Commission’s reticence to approve a single ETF is likely cause for some embarrassment, tweeted Bloomberg ETF analyst Eric Balchunas.
This should be embarrassing for the SEC that one of America's biggest, most storied names in investing is forced to go up North to serve its clients. But it prob won't matter.
— Eric Balchunas (@EricBalchunas) November 30, 2021
Thus, while Nexo and Fidelity are both separately expanding the market for retail investors, today's news offers a similar promise to institutional investors.
BitGo has secured regulatory approval from Germany's Federal Financial Supervisory Authority, BaFin, enabling the U.S. crypto custody provider to expand its services across the European Union's member countries. The license positions BitGo as one of the first American digital asset firms to gain recognition under the EU's Markets in Crypto-Assets (MiCA) framework, a unified regulatory system, rolling out crypto custody services for its institutional clients across the bloc this year. BitGo has...
Publicly-listed Beat Holdings Ltd. said Thursday it will boost its investment in Bitcoin-related exchange-traded funds, becoming the latest Tokyo-listed firm to deepen exposure to digital assets amid renewed institutional interest in crypto. The company, which is listed on the Tokyo Stock Exchange’s Standard Market, disclosed Thursday that its board approved raising the cap on crypto-related investments from $6.8 million to $34 million. It has already purchased 131,230 units of BlackRock’s iSha...
Vice President JD Vance is set to headline the world's biggest Bitcoin conference, one year after President Donald Trump spoke at the event. Bitcoin 2025's organizers announced the news Friday, noting that it would be the first time a vice president has ever headlined a crypto event to make public support of Bitcoin. A source familiar with the vice president's schedule confirmed to Decrypt that he will speak at the conference. Last year, President Trump spoke at July's Bitcoin 2024 conference i...
