Nexo rolls out zero-interest, no-fee crypto credit as lending demand surges
The Swiss-headquartered digital assets wealth platform Nexo is launching a new borrowing product that allows crypto holders to access liquidity at 0% APR, looking to attract some of the demand for more crypto-backed credit structures.
According to a press statement shared with Cryptopolitan on Tuesday, the launch of Zero-interest Credit, known as ZiC, will be combined with the existing Nexo Credit Line to become its main borrowing service.
ZiC will enable Bitcoin and Ethereum holders to borrow funds with a fixed term and no interest charges, and remove the risk of forced liquidation before the loan matures.
The $11 billion asset management firm said that crypto-collateralized lending is on the rise. According to industry data,…
