Official Can I open a corporate / business account with Nexo?
Nexo offers the option of opening corporate / business accounts for legal entities. To begin the onboarding process, you will need to: 1. Fill in the Corporate Onboarding Application Form and provide the required documents. This form would take about 5 to 7 minutes to complete. Within the application form, we will ask you about…
Official Nexo Institutional Service Explained
Please find below the key points that best define Nexo’s Institutional Service: Who is this service for? Nexo’s institutional offerings are targeted towards financial institutions, trading firms, hedge funds, market makers, family offices, crypto miners, and high net worth individuals. How is the institutional service different from the products on the retail platform? The average…
What does OTC mean?
OTC stands for Over-the-counter, which is often referred to platforms for large investors where they can directly purchase assets (or tokens) from a company without having to use an exchange or third party platform. Nexo has an OTC program, read more here.
Are Institutional clients subject to the same terms as everyone else?
YES! They do not make any exceptions for institutional investors. They do not get to borrow money without collateral, unlike what some of Nexo’s competitors do, which is incredibly risky and could cause huge problems if the market does a deep dive.
What services does NEXO OTC offer?
OTC services: Trading, Lending, Borrowing Fiat currencies: USD, EUR, GBP Crypto assets: BTC, ETH, XRP, LTC, BNB, XLM Stablecoins: USDT, TUSD, USDC, PAX, DAI Insurance: $100 million provided by BitGo through Lloyd’s of London
What are the requirements to join the OTC platform?
Minimum transaction: $100,000 KYC requirements: Nexo Wallet with ‘Advanced Verification’ level