The next crypto domino to fall? Nexo? #shorts

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Nexo is one of the last crypto lenders left standing, and Nexo’s deposits have declined in recent months. Customer deposits are down to $2.6 billion, down from $6.9 billion six months ago. This is a 57% decrease, since May. The NEXO token is down 35% in the last three weeks.

Nexo says it lends funds on a strictly overcollateralized basis, a practice that protects the company in case a borrower defaults on a loan. Nevertheless, could Nexo be the next domino to fall?


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One Comment

  1. Liabilities are down you mean, because the market is down so the value of AUM is down accordingly. Do you actually have any data on customer deposits??

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