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Token price

  • BTC

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    0.0%

  • ETH

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    -3.4%

  • XRP

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    -4.8%

  • BCH

    364,032.1KRW

    -2.2%

  • LTC

    86,122.3KRW

    -1.4%

  • USDT

    1,198.6KRW

    0.1%

  • EOS

    4,521.1KRW

    -5.7%

  • BNB

    24,310.0KRW

    -3.3%

  • BSV

    140,563.7KRW

    -4.2%

  • XLM

    81.2KRW

    -5.7%

  • XMR

    86,683.5KRW

    -0.6%

  • ADA

    57.6KRW

    -6.6%

  • TRX

    19.9KRW

    -7.2%

  • HT

    4,793.6KRW

    -1.3%

  • DASH

    110,275.7KRW

    -1.9%

  • XTZ

    1,257.7KRW

    -0.8%

  • ETC

    7,152.3KRW

    -1.9%

  • NEO

    10,882.8KRW

    -3.6%

  • MKR

    627,005.7KRW

    -4.0%

  • ONT

    929.2KRW

    -4.2%

  • XEM

    53.2KRW

    -1.8%

  • USDC

    1,199.3KRW

    0.2%

  • ZEC

    55,169.0KRW

    -3.7%

  • DOGE

    3.1KRW

    -0.4%

  • BAT

    231.7KRW

    -8.7%

  • DCR

    26,481.3KRW

    -1.9%

  • PAX

    1,199.8KRW

    0.2%

  • VET

    4.8KRW

    -3.1%

  • QTUM

    2,486.9KRW

    -3.6%

  • TUSD

    1,200.6KRW

    0.2%

  • BTG

    12,103.2KRW

    -3.8%

  • OMG

    1,285.0KRW

    -3.9%

  • RVN

    39.5KRW

    -6.0%

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    2.0%

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    281.8KRW

    -2.7%

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    1,811.9KRW

    -0.1%

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    -1.9%

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    750.6KRW

    -0.5%

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    -1.0%

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    -6.5%

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    1.0%

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    -4.2%

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    -4.0%

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    -4.3%

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    0.1%

  • XIN

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    0.1%

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    -2.1%

  • THETA

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    -2.0%

  • BTS

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    -1.3%

  • BCN

    0.6KRW

    -4.0%

  • DAI

    1,203.9KRW

    0.2%

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    -0.4%

  • SC

    2.4KRW

    5.0%

  • NPXS

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    -2.2%

  • BTM

    96.3KRW

    -2.3%

  • BTM

    96.3KRW

    -2.3%

  • IOST

    7.8KRW

    -5.8%

  • KMD

    810.9KRW

    -2.3%

  • MONA

    1,316.3KRW

    -4.8%

  • XVG

    5.2KRW

    -3.3%

  • ARDR

    78.0KRW

    6.5%

  • AE

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    -1.5%

  • GNT

    73.3KRW

    -2.2%

  • ZIL

    8.0KRW

    -3.7%

  • AOA

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    -5.2%

  • STEEM

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    -1.8%

  • NEXO

    118.4KRW

    -2.7%

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    82.2KRW

    -1.8%

  • SNT

    18.2KRW

    -0.9%

  • MCO

    3,944.9KRW

    -0.4%

  • XZC

    6,337.6KRW

    -4.0%

  • ELF

    98.6KRW

    -0.7%

  • WTC

    1,174.4KRW

    -2.5%

  • ETN

    5.0KRW

    0.2%

  • RDD

    1.7KRW

    4.9%

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    2,783.7KRW

    -0.8%

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    -4.2%

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    0.6KRW

    -3.0%

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    43.8KRW

    0.9%

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    3,890.1KRW

    3.1%

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    25.8KRW

    -3.6%

  • PAI

    25.8KRW

    -3.6%

  • FNB

    132.6KRW

    0.7%

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    42.5KRW

    -3.0%

  • R

    71.5KRW

    -2.4%

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    1,111.0KRW

    4.6%

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    -3.2%

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    -1.6%

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    -1.8%

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    -4.0%

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    -2.6%

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    -3.4%

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    -4.8%

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    2.1%

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    -0.6%

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    -2.5%

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    -1.7%

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    -1.4%

  • HUM

    0.4KRW

    --%

  • REPO

    115.7KRW

    11.8%

  • GUSD

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    0.0%

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    -6.4%

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    -1.5%

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    -3.6%

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    -2.2%

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    -1.2%

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    4.9%

  • AKRO

    10.7KRW

    -0.2%

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    1.5KRW

    -0.3%

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    2.6%

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  • ABL

    10.5KRW

    -9.0%

  • DCC

    0.9KRW

    --%

  • eDEL

    2.4KRW

    -0.7%

  • AID

    11.2KRW

    -2.4%

  • PTON

    0.2KRW

    -26.5%

  • WET

    11.4KRW

    1.6%

  • VRA

    0.7KRW

    -5.8%

  • CLB

    2.9KRW

    -1.3%

  • XRA

    11.6KRW

    -0.0%

  • KARMA

    0.2KRW

    -1.4%

  • SEAL

    1.0KRW

    --%

  • PXL

    8.8KRW

    -0.7%

  • HORUS

    0.5KRW

    -14.0%

  • PUB

    0.3KRW

    -23.2%

  • NPER

    3.5KRW

    --%

  • PUT

    2.3KRW

    -23.4%

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    -10.6%

  • KNT

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    -39.1%

  • IQ

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    -8.0%

  • RBTC

    11,965,101.6KRW

    0.0%

  • BLACK

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    -3.4%

  • CET

    23.1KRW

    2.7%

  • RCD

    3.0KRW

    --%

  • MCC

    3.0KRW

    --%

  • INC

    2.3KRW

    0.0%

  • BZKY

    0.3KRW

    --%

  • BORA

    17.1KRW

    -4.7%

  • CRE

    2.9KRW

    0.8%

Community

Nexo Partners With BetProtocol to Provide Loans to Betting Operators

Nexo | 05.16| 102

Nexo Partners With BetProtocol to Provide Instant Crypto Credit Lines to Betting Operators

We are excited to announce that the Nexo platform will be fully integrated with BetProtocol. This will enable every betting operator in the BetProtocol ecosystem to get liquidity in 45+ fiat currencies without needing to cash out crypto.

This is a crucial feature because betting operators have to make payments in fiat in order to get licenses, activate marketing campaigns and pay to non-crypto suppliers. Many have big cryptocurrencies holdings but don’t want to risk losing leverage or possible gains, so having Nexo as a loan provider is the ideal solution.

In addition, many countries see the sale of cryptocurrencies as a taxable event, triggering capital gains or other taxes. By taking out a loan with Nexo using crypto as collateral, no taxable event is triggered.

This partnership means that all BetProtocol betting operators will be able to get a Nexo loan directly from BetProtocol’s operator dashboard. The seamless integration is scheduled for Q4.

Currently, BetProtocol is providing technology to operators that manage platforms with more than $100M in monthly betting volume. Games being provided include dice, double dice, roulette and others. In Q4 2019 and 2020 new games will be provided, including poker rooms, table card games, and Esports betting.

About Nexo

Nexo is the most advanced and trusted instant crypto lending provider on a global scale. It is the only blockchain company to provide its services in 45+ fiat currencies and more than 200 jurisdictions. Nexo gives digital asset holders the best of both worlds — instant access to cash and retaining ownership of their assets.

Nexo has already processed $500,000,000+ for its rapidly growing user base that exceeds 200,000. All funds on the Nexo’s platform are secured by leading audited custodian BitGo and the insurance leader Lloyd’s of London with $100M insurance for custodial crypto assets.

The company’s global operations are powered by the profound lending experience of Credissimo, a leading FinTech Group serving millions of people across Europe for over 10 years.

About BetProtocol

BetProtocol enables entrepreneurs and developers to create betting platforms in minutes. No coding required. Thanks to BetProtocol’s blockchain technology, these platforms are secure, scalable and regulated. Its vision is to enable anyone in the world to dream of being a betting platform owner one morning, and actually be one that same day.

Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!

Question? Visit your Help Center.

Interested in Nexo? Get in touch:
Telegram | Twitter | Facebook | Reddit | LinkedInEmail


Nexo Partners With BetProtocol to Provide Loans to Betting Operators was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

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