The rollout, described as operating under the National Consumer Credit Protection Act, lets funds be generally available within 24 hours with flexible repayments, with no fixed term or origination fees, and advertised annual interest rates ranging from 0.9% to 21.9% depending on the credit line and the customer’s loyalty tier.

Altcoin Buzz

Nexo says its Credit Lines include Collateral Exchange, allowing clients to swap between eligible collateral assets without interrupting an existing Credit Line, and it also offers the Nexo Booster feature that can magnify digital-asset exposure by up to three times using newly acquired positions as collateral.

In addition to borrowing, Nexo’s Australian offering…