NEXO is the native token of Nexo, a digital assets wealth platform launched in 2018. Nexo was founded by Antoni Trenchev, Kosta Kantchev and others, and the token was issued through a token sale that same year.
Nexo is a centralized service that combines yield products, crypto-backed loans, trading tools and a crypto card in one place. The NEXO token is designed to unlock a range of benefits within that platform.
NEXO was issued as an ERC-20 token on Ethereum and later became usable on other chains as well. The amount held in an account determines a user's tier in the Nexo Loyalty Program.
According to Nexo, higher tiers bring boosted yields, lower borrowing rates and crypto cashback on trades and card spending. Exact rates vary by region and over time, so the official terms should be checked.
Data provided by CoinGecko
NEXO has a fixed total supply of 1 billion tokens, and as of 2026 nearly all of it is in circulation, with no further issuance planned. In the past, Nexo has also run holder dividend and token buyback programs.
Nexo exited the US market in 2023 amid regulatory issues, then relaunched US services in February 2026 through regulated partners. The company has also expanded its brand presence through sports sponsorships.
Supporters point to NEXO's direct utility on the platform and its fixed, relatively simple supply structure. The service has also operated for many years.
On the other hand, the token's value depends heavily on the business and credibility of a single company. Regulatory risk is real, as shown by Nexo's 45 million dollar settlement with the US SEC in 2023, and users should also weigh the counterparty risk inherent in centralized platforms.
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