Nexo, a leading crypto lending platform, has integrated Binance Coin (BNB) as a supported collateral asset for instant cryptocurrency-backed loans. This strategic move expands users’ financial flexibility and reinforces BNB’s growing utility within the decentralized finance (DeFi) ecosystem.
As of July 1, 2018, BNB holders can now pledge their tokens to secure immediate liquidity in USD, EUR, or USDT (Tether) without selling their assets. This allows investors to maintain exposure to potential price appreciation while accessing capital for personal or business needs — a powerful advantage in volatile markets.
Expanding Access to Crypto-Backed Financial Services
Nexo has positioned itself at the forefront of the crypto finance revolution by enabling users to unlock the value of their digital holdings. The platform supports multiple cryptocurrencies as collateral, including Bitcoin (BTC), Ethereum (ETH), and its native NEXO dividend token. With the addition of BNB, Nexo continues to diversify its collateral options, meeting rising demand from the global crypto community.
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The integration reflects broader industry trends toward greater adoption of digital assets in real-world financial applications. By accepting BNB — one of the top-ranking cryptocurrencies by market capitalization — Nexo enhances its appeal to traders, investors, and institutions operating within the Binance ecosystem.
Why Binance Coin Makes a Strong Collateral Asset
Launched in July 2017 through an initial coin offering (ICO) that raised $15 million, BNB quickly became a cornerstone of the Binance exchange and its expanding blockchain ecosystem. At the time of this update, BNB ranked among the top 20 cryptocurrencies globally, with a market cap exceeding $1.45 billion.
One of BNB’s key strengths is its proven resilience during market downturns, often outperforming even Bitcoin during bearish periods. Additionally, BNB offers practical utility: users who pay trading fees on Binance with BNB receive up to a 50% discount, creating consistent demand for the token.
“Adding BNB to our growing list of collateral options expands customer choice and adds further utility to the Binance Coin,” said Antoni Trenchev, Managing Partner at Nexo. “Our ultimate goal is to create value for the community and the broader crypto ecosystem. Accepting BNB is another step in that direction.”
How Nexo Empowers Crypto Investors
Nexo’s lending model is designed for users who want liquidity without liquidation. Instead of selling their crypto during market dips, investors can use their holdings as collateral to borrow fiat or stablecoins instantly. This approach is particularly valuable for:
- Crypto miners needing working capital
- Hedge funds managing portfolio leverage
- ICO-backed companies requiring operational funding
- Long-term holders avoiding taxable events
The platform’s instant loan feature processes requests in real time, with no credit checks or lengthy approvals — a stark contrast to traditional banking systems.
For users who stake NEXO tokens, additional benefits include:
- Up to 50% interest rate reduction on loans
- Distribution of 30% of company profits as dividends
These incentives encourage platform engagement and align user interests with long-term growth.
Growing Demand for Crypto Lending Solutions
The decision to integrate BNB follows strong market validation. Nexo has received over 40 formal requests from blockchain projects seeking to have their tokens accepted as collateral. This level of interest underscores the platform’s influence and the increasing need for institutional-grade crypto financing tools.
In early 2018, Nexo raised $52.5 million through a private token sale that was 11 times oversubscribed — a clear signal of investor confidence. The platform officially launched in April 2018, making it one of the few blockchain-based companies to deliver live financial products immediately after launch.
Backed by Credissimo, a well-established FinTech group with over a decade of experience serving European markets under strict regulatory standards, Nexo combines innovation with compliance. This foundation enables it to operate securely while pushing the boundaries of digital asset finance.
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Frequently Asked Questions
Q: Can I use BNB to get a loan on Nexo today?
A: Yes, BNB has been accepted as collateral since July 1, 2018. Users can pledge their Binance Coins to receive instant loans in USD, EUR, or USDT.
Q: What are the benefits of using crypto as loan collateral?
A: Using crypto as collateral allows you to access cash quickly without selling your assets. You retain ownership and potential upside if prices rise, while avoiding capital gains taxes associated with sales.
Q: How does Nexo determine loan-to-value ratios for BNB?
A: Nexo applies dynamic LTV (loan-to-value) ratios based on market volatility and asset risk profiles. Users receive real-time updates and margin call alerts if adjustments are needed.
Q: Is there a minimum loan amount when using BNB as collateral?
A: While specific thresholds may vary, Nexo typically supports small to large loans depending on the amount of collateral deposited. Check the platform for current limits.
Q: Does borrowing against BNB affect my ability to trade it?
A: Once pledged, your BNB is locked as collateral and cannot be transferred or traded until the loan is repaid. However, you still benefit from any price increases during the loan term.
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The Future of Digital Asset Finance
By bridging traditional finance with blockchain innovation, Nexo is helping shape the future of digital asset utilization. The inclusion of BNB as collateral not only benefits individual users but also strengthens the overall crypto economy by increasing token utility and reducing forced sell-offs during downturns.
With continued product development and expanding partnerships, Nexo aims to unlock value across the $5 trillion digital asset market — transforming how people interact with their wealth in the decentralized era.
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