Nexo Introduces In-app Cryptocurrency Exchange Service

Key Takeaways

  • The tool allows for instant limitless native trades of all digital and fiat currencies supported by Nexo.
  • The Exchange’s “Smart Routing” system offers a more favorable quote than manually executed swap.
  • The proprietary service facilitates the acquisition and exchange of NEXO Tokens.

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Nexo, the leading regulated financial institution for digital assets with over $4 billion in assets under management, today announced the launch of its in-app Nexo Exchange. With this proprietary swap solution, Nexo further diversifies its offering, edging closer to providing a full retail banking suite.

The Nexo Exchange allows immediate, no-limits conversion between more than 75 crypto and fiat currency pairs directly within the Nexo mobile application, guaranteeing best-price swaps thanks to its “Smart Routing” system.

An in-house innovation, this system simultaneously connects to multiple exchanges and splits orders depending on the price per volume to provide a fixed quote at order submission, thus ensuring no price fluctuations occur as with most exchange services.

“Fast, transparent, and inexpensive transactions are the backbone of fintech, but making them easily accessible and secure in a seamless, intuitive environment is the single most important step towards mass crypto adoption,” stated Nexo Co-founder and Managing Partner Antoni Trenchev to highlight the Exchange’s core proposition in the context of  Nexo’s mission and the broader digital economy. 

The new Exchange additionally provides an on-ramp to crypto for newcomers to the space and facilitates access to the company’s native NEXO Token, eliminating the need for third-party services for its acquisition and trade.

As such, it plays a vital role in Nexo’s ongoing tokenomics overhaul Nexonomics and pushes for greater crypto adoption, supporting the long-term development of a healthy token and digital economy. 

Commenting further, Trenchev said: “Beyond a…

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