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Nexo offers users three core benefits: high yields, instant swaps, and collateralized loans.
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ATOM can be borrowed at annual rates as low as 0%.
Nexo Exchange now supports ATOM, the native token of the Cosmos blockchain, allowing users to leverage several features to enhance their cryptocurrency holdings.
According to a news release shared with CoinJournal, this integration enables direct fiat purchases of ATOM, letting users buy the token with either crypto or fiat using Visa or Mastercard debit and credit cards.
Trading support will be available across three crypto pairs (Bitcoin, Ethereum and the stablecoin Tether USDT) as well as fiat currencies (USD, EUR and GBP).
These pairs include ATOM/BTC, ATOM/ETH, ATOM/USDT, ATOM/USD, ATOM/EUR and ATOM/GBP, with additional pairs to be added over time.
Earn up to 11% interest on ATOM
With ATOM listed on Nexo, customers of the regulated digital-asset platform can access a range of tools and products designed to grow the value of their portfolios.
Buy ATOM and start earning interest on holdings with yields of up to 11%, with interest paid daily. The rate depends on the user’s loyalty tier: Platinum earns up to 11% while the base tier earns up to 7%.
Nexo also offers fixed-term options across Silver, Gold and Platinum tiers to boost interest rates. To further increase returns, users can choose to receive payments in NEXO tokens via the Earn NEXO feature.
Use ATOM-collateralized credit
ATOM holders can access credit by opening a credit line. What does a standard Nexo credit line provide?
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Rates as low as 0% when borrowing at loan-to-value (LTV) ratios below 20%
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Maximum loan-to-value up to 33%
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Borrow amounts starting from just $50
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No credit checks
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No monthly repayments required
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No origination fees
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Near-instant approval and settlement
Instant swaps
Acquire ATOM instantly and seamlessly by converting other digital assets, such as Ethereum and USDT, directly on Nexo Exchange.
According to Nexo, users can also benefit from up to 0.5% cashback through the loyalty program when purchasing ATOM on the exchange. The Nexo team plans to enable ATOM deposits and withdrawals as soon as possible.
ATOM price
Cosmos traded lower over the past 24 hours as broader crypto markets continued to face downward pressure that has persisted through much of 2022. The ATOM/USD pair fell roughly 3.7% to about $26.10, with weekly losses near 17%, creating a potential buying opportunity for interested investors.