NEXO Trading Now Live on Binance DEX, Trading Competition Starts Today — Win 100,000 NEXO and 100 BNB
Tags: Nexo, Binance, Coinbase, Bitcoin, Blockchain

NEXO Trading Now Live on Binance DEX, Trading Competition Starts Today — Win 100,000 NEXO and 100 BNB LapataPost Nov 15, 2019·3 min read

Nexo, the blockchain’s leading regulated financial institution, is pleased to announce that it is further enhancing its collaboration with the world’s largest cryptocurrency exchange Binance. As a direct result, the trading of NEXO on Binance DEX starts today, October 18, 2019:

The NEXO Token Holders can now enjoy all the benefits which have turned Binance into the industry’s favorite cryptocurrency exchange — liquidity, cutting-edge trading solutions, dedicated focus on security and decentralization.

In line with the community-led approaches of Nexo and Binance, the Binance DEX listing brings a number of benefits for the crypto ecosystem. It establishes a direct connection between NEXO and BNB holders, providing them with an efficient exchange mechanism and giving additional utility to both assets.

Thе history between Binance and Nexo dates back to July 2018 when Nexo became the first crypto lender to start accepting the BNB Token as collateral for Nexo’s Instant Crypto Credit Lines™, a move hugely appreciated by Binance’s CEO CZ.

when Nexo became the first crypto lender to start accepting the BNB Token as collateral for Nexo’s Instant Lines™, a move hugely appreciated by Binance’s CEO CZ. Thousands of BNB holders consistently borrow against their tokens in the most tax-efficient manner, as more and more people understand Nexo’s unique proposition of accessing the value of their crypto holdings without having to sell any on them.

“We are happy to build a direct bridge between the Binance Chain ecosystem and the Nexo crypto banking services via the NEXO/BNB trading pair on Binance DEX. Furthermore, we are glad to have the BNB native coin integrated within Nexo’s instant crypto lending platform as this creates yet another strong utility for BNB.” said Ted Lin, Binance’s Chief Growth Officer.

While Antoni Trenchev, Managing Partner at Nexo, commented:

“Binаnce is enormously important to the blockchain space and we are beyond excited help expanding the ecosystem, to the benefit of both BNB and NEXO Token holders, so that they can trade and borrow and soon earn in their respective cryptocurrencies as well.”

Trading Competition on Binance DEX

As a gesture of gratitude to the community members of both Nexo and Binance and as means of celebrating the launching of the NEXO/BNB pair, Nexo is giving away 100,000 NEXO, 100 BNB, Nexo T-shirts and Nexo Hoodies in daily and grand rewards. Check out all the details of the trading competition on Binance DEX:

NEXO/BNB Trading Competition on Binance DEX — 100,000 NEXO, 100 BNB, and Many Other Rewards

If you are a holder of NEXO ERC-20 Tokens and would like to participate, you will need to swap them for NEXO BEP2 Tokens. We developed a two-way swap to do that within your Nexo Wallet and all transactions are, of course, occurring at #ZeroFees. For your convenience, we have prepared a short guide on how it all works, you can access it here:

How to Swap Your NEXO Tokens Between ERC-20 and BEP2

We hope you will enjoy this latest development as much as we enjoyed creating it for you and we wish you happy buying!

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