The PENGU Spot ETF is the first NFT-based crypto ETF application, as Canary Capital aims to merge NFTs and DeFi—will the SEC approve this groundbreaking move

January 2024 marked a pivotal point in the crypto industry: the US Securities and Exchange Commission (SEC) approved a bunch of 

 (ETFs) after a decade of resisting it. Later that year, several Ethereum (ETH) Spot ETFs were also approved. These early successes encouraged investment funds focused on digital assets to seek approvals for other 

 (AVAX) and other high-cap cryptos have ended up on the SEC's desk in recent months.

Until Mar 20, 2025, one thing had never occurred: an 

-based crypto ETF application. Such a move was thought to border on impossibility, given how stringently and at length the SEC evaluated ETF applications even for established fungible cryptos. And yet, the Canary Capital investment manager submitted an application to the SEC for approval of the first NFT-focused crypto ETF product, the PENGU Spot ETF, triggering a mini-revolution in the emerging space at the junction of crypto and traditional finance.

If approved, this ETF will be the first of its kind in the industry, based on a mix of 

. Many observers expect Canary Capital to struggle mightily for SEC endorsement of its revolutionary product. Nevertheless, the SEC now has a track record of approving crypto ETFs — which raises hopes for both the altcoin ETFs mentioned above and the PENGU Spot ETF application.

The PENGU Spot ETF is a proposed exchange-traded fund (ETF) product introduced by the Canary Capital investment management firm, and is currently awaiting approval by the SEC. 

 on Mar 20, 2025, making this the first crypto ETF product with an NFT component that’s vying for the approval of America's primary financial regulator. The ETF has been registered in the US state of Delaware.

The Pengu Spot ETF's portfolio is envisioned as consisting primarily of PENGU tokens that will make up anywhere between 80% and 95% of total assets held, with the rest allocated to Pudgy Penguins NFTs. Small portions of Solana's SOL coins and Ethereum's ETH tokens will also be included in order to facilitate transactions and liquidity support, as PENGU tokens are mainly issued on the Solana blockchain, and Pudgy Penguins NFTs are an Ethereum-based collection. 

Since Canary Capital will hold these assets and periodically rebalance the portfolio, gas fee payments on Solana and Ethereum will apply, with fees paid in SOL and ETH, respectively.

Launched in 2021 on Solana, the Pudgy Penguins NFT collection consists of 8,888 items, each depicting a cute penguin with a distinct combination of five different traits. In December 2024, the project introduced a related fungible cryptocurrency, the Ethereum-based PENGU token. As of Apr 2, 2025, PENGU is a smaller-cap asset, ranked 191st in the crypto market, with a total 

 of $319 million. In contrast, Pudgy Penguins are among the leading projects in the NFT space, ranked second among all NFT collections, with a market cap of $155 million.

Canary Capital's application to the SEC is unique in two ways: it’s the first ETF with an NFT component, and it marks the first time ETF approval has been sought for a relatively smaller-cap cryptocurrency, PENGU, which isn’t even among the top 100 crypto assets by market cap. All of the other crypto ETF applications approved by the SEC (or currently vying for approval) are based on high-cap, leading assets that are typically ranked within the top 30.

As of Apr 2, 2025, the SEC has had the application for the PENGU Spot ETF application for just two weeks. The regulator has up to 240 days to review such applications, although historically, the SEC has pondered over crypto ETF applications for years. Now, however, the string of Bitcoin and Ethereum Spot ETF approvals in 2024 raises hopes that newer submissions may be subject to an already established evaluation framework — and thus greenlighted much faster.

At the moment, the SEC is also considering spot ETF applications for several high-cap cryptocurrencies, including Dogecoin, Solana, Polkadot, 

 (XRP). If the regulator decides to approve the applications in batch mode — all or several at once — Canary Capital will have reason to hope that its ETF is included.

However, there's been skepticism regarding the PENGU Spot ETF application, with some analysts believing that its chances might differ from those of the larger, more established altcoin ETFs. This isn't surprising, as a PENGU Spot ETF would be a distinct product, being the first NFT-focused ETF. In addition, NFTs have more limited liquidity than fungible cryptocurrencies. 

NFTs may also be harder to valuate objectively. The prices of fungible cryptos are easily sourced from the crypto market, where supply and demand establish their value. In contrast, the limited liquidity and uniqueness of NFTs makes it much harder to price them efficiently.

Moreover, the PENGU token — which will make up most of the proposed ETF — isn't among the most traded assets in the crypto market. Because PENGU has a modest position in the crypto space (along with its origins as a 

), the SEC could view it with more skepticism than it does the leading altcoins.

Naturally, all these factors are just speculation at this point, and we’ll need to wait on the SEC’s initial comments regarding the first NFT-based ETF under their consideration in order to form a more defined view of the product's prospects for approval.

Current impact of the PENGU Spot ETF application on the crypto market

The news of the PENGU Spot ETF application has so far had no appreciable impact on the price of the PENGU token itself. On the day of the application (Mar 20, 2025), the token was trading at around $0.007. Two weeks later, it's still hovering around the same price. 

On the other hand, there's been a modest increase in the average price of Pudgy Penguins NFTs traded on the market: between March 20 and 28, the average price rose by 16% from around $16,450 to $19,120, though it has since retraced slightly to $17,490 as of Apr 2.

Given the modest price effect, investors are likely still cautious about the chances for the PENGU Spot ETF's approval.

However, if it is approved, the broader impact on the crypto market could be far-reaching, as such a step would signify the SEC's openness to both NFT-based ETFs, and ETFs made up of smaller-cap cryptocurrencies, including meme coins. The number of tokenized asset funds that offer NFT-based products would then be likely to increase significantly, facilitating mainstream NFT adoption within traditional financial markets.

An SEC approval of the PENGU Spot ETF may lead to a flurry of further ETF applications based on NFTs in some form. This could even include the first ETFs composed entirely of NFTs. Other crypto asset types — e.g., 

 (RWAs) — may also become candidates for the SEC’s consideration. Furthermore, in the unlikely event that Canary Capital’s PENGU Spot ETF were to be approved ahead of the altcoin spot ETFs currently in the SEC’s pipeline, it would send a very strong signal that those ETF applications are also a sure bet.

The current PENGU Spot ETF application is a pioneering event that may open up opportunities for NFT ETFs and other crypto ETFs based on partial NFT holdings. Although the SEC approved multiple Bitcoin Spot ETFs in early 2024, few people expected an NFT-based ETF to emerge so soon afterward. Probably even fewer expected a meme coin–based ETF to be taken seriously by the SEC. Unique in so many ways, the PENGU ETF flips the entire concept of traditional ETFs on its head.

Canary Capital's attempt to get approval for an NFT-backed ETF is truly a bold undertaking, though observers said the same thing about 

 just a few years ago. Someone needed to become a trailblazer in this area — and Canary Capital has taken up the noble role without hesitation. Now, all eyes are on the SEC as it prepares to weigh in on a product it has never before encountered.

Intermediate

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PENGU Spot ETF: A bold move for NFT investing — or just hype?

In this article, we break down what to expect from Liberation Day and how it could shape the outlook for equities, the US economy and crypto markets.

 April 2, 2025 as "Liberation Day" — a moment he claims will restore America's trade fairness through sweeping reciprocal tariffs. With few concrete details confirmed, global markets remain on edge. Investors are bracing for the economic fallout of a potential trade war, and crypto traders are watching closely to assess the impact on digital assets. In this article, we break down what to expect from “Liberation Day” and how it could shape the outlook for equities, the US economy and crypto markets.

Since returning to the White House in January 2025, President Trump has prioritized reshaping US trade policy with a renewed focus on tariffs. His administration has already announced 

 on all steel and aluminum imports. Many of these actions take effect this week, coinciding with his so-called Liberation Day.

Trump argues that tariffs are a necessary tool to reduce the US trade deficit and force foreign nations to stop what he calls "economic warfare" against the American worker. Treasury secretary Scott Bessent 

 countries with persistent trade surpluses — dubbed the 

 — as primary targets for reciprocal tariffs. These include China, the EU, Canada and Mexico.

However, critics point to the growing risk of a global trade war, with multiple partners already threatening or initiating retaliatory measures. Goldman Sachs recently 

, citing declining business confidence and mounting economic uncertainty. The tariffs, designed to protect US industries, could instead raise prices and weigh on consumer spending.

What to expect from Trump's ‘Liberation Day’ announcement

Trump is expected to reveal his tariff plans in a Rose Garden press conference on April 2. White House press secretary Karoline Leavitt 

 that the president would impose tariffs on "any country that has treated the American people unfairly" — though no nation-specific exemptions have been confirmed. Trump has promised these reciprocal tariffs will be 

While final details remain under wraps, proposals have included both country-wide and sector-specific tariffs. These could range from uniform, percentage-based levies to targeted charges on industries like pharmaceuticals, semiconductors and autos. Trump's advisers, including Trump trade adviser Peter Navarro and commerce secretary Howard Lutnick, claim the new tariffs could generate over $600 billion annually — though many economists dispute this figure.

Delayed tariffs on Canadian and Mexican imports, 

 in early March, are also set to take effect this week. These include taxes on agricultural products, energy goods and automotive components. Trump has also 

 a 25% tariff on imports from countries that purchase oil or gas from Venezuela.

Given the administration's conflicting signals in recent weeks, there's a wide range of potential outcomes. Whether “Liberation Day” ushers in immediate enforcement, additional delays or future negotiation rounds remains to be seen. For now, uncertainty reigns.

Potential impact on the US economy and global markets

Economists warn that broad-based tariffs could lead to slower US growth, higher consumer prices and widening inequality. Goldman Sachs now 

 Trump's trade policies to reduce annual GDP growth to 1.5% from 2%, while the odds of a recession are being raised from 20% to 35%.

Global equity markets have already shown signs of stress. European and Asian indices dipped ahead of “Liberation Day,” while the S&P 500 and Nasdaq-100 

 in March (respectively). Auto manufacturers, tech firms and retailers could be especially vulnerable if tariffs disrupt global supply chains.

There's also the question of the Federal Reserve's response. With inflation risks rising, policymakers may hold off on anticipated rate cuts, further complicating the economic outlook heading into Q2.

How will ‘Liberation Day’ affect the crypto industry?

Crypto markets have mirrored broader risk sentiment over the past quarter, with investors reducing exposure amid macroeconomic turbulence. As of April 1, the 

 is down 16.9% year-to-date. Bitcoin has fallen 10.48%, Ethereum 44.2% and Solana 33% — despite reaching new highs in January on hopes for pro-crypto policies from the Trump administration.

Investor optimism has since cooled as recession risks, inflation concerns and policy unpredictability drive a risk-off mood. Bitcoin dipped to $81,656 over the weekend, marking its weakest Q1 since 2018. Traders remain cautious ahead of “Liberation Day,” awaiting clarity before opening new positions.

“Liberation Day” could further weigh on crypto prices if market volatility increases and capital rotates out of risk assets. However, some analysts believe any resulting sell-off may offer an opportunity to 

 — especially if Trump follows through on crypto-friendly regulation later this year. For now, though, many eyes are on April 2.

With details still unknown, the crypto market remains in a "wait-and-see" phase. “Liberation Day” could mark a turning point — for better or worse — depending upon the scope and execution of Trump's tariff agenda.

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Trump's 'Liberation Day': What it means for crypto markets

Grayscale has filed to convert its private Digital Large Cap Fund, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, into a publicly available exchange-traded fund (ETF). 

Daily top performer — Compound Finance (COMP)

The S&P 500 rose 0.38% as investors awaited new tariffs amid weak factory data and declining job openings. Gold eased to $3,113 after hitting a record high, driven by profit-taking ahead of Trump's tariff announcement, but remains strong due to safe-haven demand and economic uncertainties. The Coindesk Indices, which tracks the broader crypto market, are up by 1.30%, with Bitcoin and Ether are up 3.10% and 5.19%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is COMP, up 14.3%, following the proposal for the creation of a foundation to ensure consistent leadership and coordination by Compound.

Compound Finance (COMP), launched in September 2018, is a DeFi lending platform that allows users to earn interest on crypto assets. Built on smart contracts, it adjusts interest rates based on supply and demand, connecting lenders and borrowers without intermediaries. In June 2020, Compound decentralized with the launch of COMP and full governance transfer. However, it lacks a core operational pillar. With Compound v4 development and increased community engagement, the need for consistent leadership has grown. To address this, Compound Labs 

 creating a Compound Foundation for structure, clarity, and coordination, similar to other ecosystems like Uniswap.

Check out the latest prices, charts, and data of 

 to convert its private Digital Large Cap Fund, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, into a publicly available exchange-traded fund (ETF). The fund, which currently holds 79.4% Bitcoin and 10.69% Ethereum, has grown by 478.83% since its launch in 2018. The conversion would allow everyday investors to access the crypto market, covering about 75% of the digital asset market cap. If successful, it would eliminate the current barrier that restricts access to accredited investors. The filing is still in progress, with management fees and other details pending.

Yesterday, BTC spot ETF had a total outflow of $157.8 million, with GBTC seeing a loss of $10.1 million and non-GBTC products losing $147.7 million.

 that its airdrop might be approaching, with a claim page now live. Registration for the airdrop runs from April 2 to April 17, and claims are expected to open on April 22. However, nothing has been officially confirmed yet. Stay tuned for updates.

Beginner

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Grayscale files to convert digital large cap fund into publicly accessible crypto ETF

In this guide, we'll dive into how to trade crypto with the Bybit app, a convenient and feature-rich platform. Explore spot and derivatives trading for beginners on the Bybit app.

Welcome to our step-by-step guide on trading using the Bybit app. In this article, we’ll walk you through everything you need to know — from downloading the app and setting up your account to executing spot, margin and derivatives trades. Bybit is a leading cryptocurrency exchange that offers a fully localized and user-friendly mobile experience, making it easy for both beginning and seasoned traders to manage their investments seamlessly.

First, download the Bybit app from the App Store (iOS) or Google Play (Android). Once you’ve installed the app, open it and select your preferred language.

 and register using your email address or phone number. Complete the verification process by submitting your mainland Chinese ID or passport as required. This step is crucial to ensure your account is secure, and to unlock higher withdrawal limits.

After verifying your identity, head over to the 

 tab to fund your account. You can directly deposit cryptocurrencies like BTC or USDT. Our 

 (UTA) streamlines fund management, allowing you to trade seamlessly across different markets without the hassle of multiple wallets.

Spot trading with Bybit lets you buy or sell cryptocurrencies at current market prices with immediate settlement.

To begin, log in to the app and tap on the 

Choose your desired trading pair, such as BTC/USDC or ETH/USDT, from the list.

 lets you specify a price at which you want to buy or sell. 

Enter the amount you wish to trade, review the details and confirm your order.

Once your order is executed, monitor its status in the 

Bybit has an intuitive interface that displays real-time updates, so you can track your trades anytime with ease. 

How to execute a spot margin trade with the Bybit app

For traders looking to leverage their positions, Bybit offers a spot margin trading feature that allows you to borrow funds to increase your buying power. Start by logging into your account and tapping on 

Choose a trading pair, such as ETH/USDC, which supports margin trading with leverage options of up to 10x. 

Once your trading pair is selected, you’ll need to select the margin amount (e.g., 

 at which you want your limit order to execute.

You’ll also see several other important metrics, such as 

Enter the amount you wish to trade, and then carefully review all of the details.

After confirming your order, your margin trade will be executed. You can track your position in the 

 tab, where you can also set up stop-loss or take-profit orders to manage risk. 

How to trade derivatives with the Bybit app

Bybit also offers derivatives trading, which allows you to speculate on the price movements of cryptocurrencies without actually owning the underlying assets. Derivatives include Futures and Perpetual contracts, which can be traded with leverage, sometimes up to 100x.

To start, log in to your account and tap on 

Set your desired leverage (e.g., 50x) and choose between 

 margin modes, based on your risk preference.

 (if using limit or conditional orders) and 

Once you’re satisfied with your parameters, confirm your order and your position will appear in the 

Trading with the Bybit app offers numerous advantages that make managing digital assets both efficient and secure. The platform’s user-friendly design, high-speed execution and comprehensive risk management tools cater to traders of all levels. Our Unified Trading Account (UTA) streamlines fund management by consolidating assets for spot, margin and derivatives trading under one account, which reduces operational complexity and enhances overall efficiency. This streamlined approach lets you focus on strategy rather than logistics.

Additionally, Bybit’s state-of-the-art security measures — such as multi-factor authentication, regular independent audits and cold storage of assets — ensure that your transactions are conducted safely and transparently. With an interface designed to minimize distractions and provide real-time data, you can quickly monitor market movements and adjust positions. 

Our commitment to a secure and reliable trading experience is evident in our continuous improvements and proactive customer support. These features empower you to make informed trading decisions, fostering confidence in your ability to navigate the dynamic crypto market.

Bybit delivers a secure, robust and intuitive mobile platform that simplifies cryptocurrency trading for everyone. In this guide, we’ve explored how to set up an account, fund it and execute various types of trades — spot, margin and derivatives — using a fully localized and user-friendly interface. Our Unified Trading Account and comprehensive risk management tools ensure a smooth trading experience so you can focus on growing your investments.

Looking ahead, Bybit remains dedicated to innovation and excellence in the crypto industry. We continually refine our platform, based on user feedback and market trends, ensuring that you have access to the latest tools and features. Our commitment to transparency and security underpins everything we do as we build trust and empower traders. 

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How to trade with the Bybit app

DeFi

Altcoins

Nexo is a leading crypto financial services and lending platform with over 6 million users worldwide across 200 jurisdictions, and has processed over $150B in five years. 

nexo-wallet.png

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In 2018, Nexo launched to provide crypto lending services to users. It has since evolved into a full crypto finance ecosystem, offering its clients a variety of services that include buying, selling, swapping and borrowing against their crypto assets.

Let’s take a deeper look at this robust crypto ecosystem.

 is a leading crypto financial services and lending platform with over 6 million users worldwide across 200 jurisdictions, and has processed over $150B in five years. 

The service aims to provide a better financial system in the world of digital assets by offering instant crypto-backed loans that don’t rely on credit scores.

It was founded in 2017 by Antoni Trenchev, Georgi Shulev (who was terminated in 2019), Kosta Kanchev and Kalin Metodiev. 

With a Nexo cryptocurrency account, you can borrow instantly in over 30 fiat currencies or in USDT or USDC, in addition to buying, selling and swapping a variety of major cryptos to grow your portfolio. 

The platform also allows crypto holders to harness value from idle savings by earning high-yield interest as passive income. 

Nexo is a one-stop solution for all your crypto needs. Whether it’s a crypto loan or credit card or buying and selling cryptocurrencies, the Nexo platform has it covered. 

To access credit, users are required to deposit supported tokens into the Nexo Wallet. The platform supports over 60 cryptocurrencies, including Bitcoin (

) and more. In particular, ETH and LINK tokens in the Nexo account have the potential to earn interest of up to 8% APR, and you can even swap them for higher-yield assets with up to 17% APR. 

You can also earn from swapping crypto. For every swap, you get to earn up to 0.5% in crypto rewards paid in the swapped currency. You can also use your crypto assets as collateral to borrow fiat cash or 

 almost immediately at 0% APR. The loan limit is calculated based on the value of the assets held in your account. Since the lending system is automated, you can access additional credit as your assets appreciate in value. 

Furthermore, Nexo has a multichain bridge to facilitate faster transactions at a lower fee. At launch, the bridge was exclusive to Ethereum-Polygon bridging of MATIC tokens, but has since expanded to other 

. With the Nexo cross-chain bridge, users can manage their assets in the Nexo Wallet, saving time and money in the long run. 

The Nexo team has leveraged their experience in fintech and 

 to create an ecosystem that’s an all-around solution for everything crypto.

Let’s take a closer look at Nexo’s core products.

Nexo offers crypto credit-backed credit lines with digital assets as collateral. Simply put, you can borrow fiat currencies or stablecoins against your crypto savings. All you need is to top up crypto assets on the Nexo platform or app, and you have instant access to a credit line. 

Unlike conventional loans, your credit score does not count. Better yet, the loan doesn’t impact your credit score. The platform offers a credit line of between $50 and $2 million at a 0% rate with no extra fees, credit checks, origination fees or monthly payments required. 

Users can access stablecoins within half an hour in their Nexo accounts, while local fiat currencies may take from one to five business days for international transfers.

On the platform's native crypto exchange, users can make unlimited swaps across over 500 market pairs at no fee. Thanks to Nexo’s intelligent routing system that connects with well-capitalized exchanges, users get the best market prices for optimum execution.

On Nexo Exchange, users trade at the true cost of the asset and a fixed rate without price 

. What you see is what you get. The platform also offers the 

, which allows you to perform single-asset and cross-asset swaps with between 1.25 and 3x leverage. The gains obtained from these trades can be used as collateral to secure credit and complete transactions.

The Nexo Wallet is a smart contract–powered 

 that allows users to build their decentralized identity and control their digital assets in a noncustodial way, allowing them more autonomy, security and privacy.

It offers a seamless experience, allowing both beginners and expert 

 enthusiasts to aggregate their crypto and 

 all under a single identity. Users enjoy greater flexibility in paying gas fees on their supported networks, whether in stablecoins, Wrapped Ether (

) or native tokens. Moreover, you can batch-execute numerous transactions, saving on gas fees.

To access Nexo Wallet, you'll have to create a noncustodial wallet or connect an existing one, such as 

, and activate your identity on the networks you prefer to operate on.

Nexo Pro is the next-level of trading on Nexo for both institutions and individuals. Its platform utilizes superior market intelligence and advanced trading tools to execute both short- and long-term trades for the best gains. Users can access Nexo Pro with their accounts and funds on Nexo for an effortless crypto trading experience. 

Nexo Pro connects users to more than 10 exchanges at once, meaning you get the most favorable prices. You can set custom alerts on your preferred indicators and track social sentiment, trending news, sector performance and more advanced data to ensure you don’t miss a trading opportunity. 

Some of the crucial benefits of Nexo Pro include integrating 

 to automate trading, placing a stop-market order to lock in profits or limit losses, and a host of leverage options to maximize profitability.

Yes, it’s safe to use Nexo. To its credit, Nexo has proven to be a good platform for crypto lending and earning passive income on savings. With consistent innovative product launches aimed at giving users a seamless and wholesome web3 experience, it's safe to say that the team is dedicated to making Nexo a lasting success story. 

Compared to its counterparts BlockFi and Celsius, who have since filed for bankruptcy, Nexo has taken every measure to maintain its robust business model by matching its assets and liabilities and securing its users’ assets.

In terms of security, the Nexo platform is secured with an SSL secure connection, 2FA authentication and an end-user biometric identification protocol to ensure the protection and privacy of data. The team works with leading blockchain custodians like 

, using Class III vaults to protect users’ funds. 

Nexo holds over 40 licenses and registrations in different jurisdictions globally, and continually adopts new legislation to maintain its reputation and safeguard its users from malpractice incidents. Additionally, Nexo performs a real-time attestation of its custodial holdings to assure its users of its stability. 

It should be mentioned that Nexo has experienced a fair share of controversial events and legal issues that have shaken its public image. 

 in Sofia to investigate alleged money laundering, unlicensed banking activities and tax crimes. Although the lender was cleared of any wrongdoing, its woes were far from over.

The U.S. Securities and Exchange Commission (SEC) charged Nexo with failing to register its retail crypto asset lending product, which had been introduced into the market around June of 2020. 

 located in the U.K, namely Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd. Co-founder Antoni Trenchev claimed that the closures were part of company restructuring, but such drastic actions cannot be easily dispelled. 

We also can’t ignore the infamous fight between Nexo and its previous co-founder, Georgi Shulev, that’s been raging since 2019 over 

Despite these issues, we believe that Nexo is fairly safe to use. It’s a worthwhile investment if you’re looking for an all-in-one platform to grow your wealth in the DeFi sector.

As of Aug 3, 2023, NEXO’s price is $0.64, which is 84.11% lower than its all-time high (ATH) and over 1,300% higher than its all-time low (ATL). Its ATH of $4.07 was recorded on May 12, 2021, and its ATL of $0.045 was recorded on Sep 13, 2018.

Price prediction experts are generally bullish on NEXO. 

, NEXO could hit a price of $2.28 in 2025 and rise to $6.71 in 2030. Another price forecasting platform, PricePrediction, 

, with their experts believing NEXO may hit prices of $1.87 in 2025 and $13.14 in 2030. 

That said, these bullish price predictions aren’t a guarantee of future NEXO prices. We highly recommend that you 

Nexo could be a good investment for a number of reasons. It began as a crypto lending platform, but its knack for constant innovation has powered it into a leading crypto finance system. As a Nexo user, you can look forward to better products and services that enhance your overall experience on the platform and, even better, give you high-yielding returns.

Nexo’s stable management, resilience in the digital lending space and steady selling price also indicate that it’s an excellent long-term investment. Put simply, Nexo is here to stay, unlike many of its competitors who have proven susceptible to the perils of the blockchain industry. 

But again, the recent controversies surrounding the company, including the legal troubles discussed above and the dispute with co-founder Georgi Shulev over a ledger containing part of the company's holdings, may put a dent in its future prices. Sound financial advice and analysis are crucial before investing in Nexo or any other project.

Buying NEXO tokens is easy, and you can purchase them on Bybit as a 

Here are the steps to complete the process:

Now you can buy, sell and swap your NEXO to grow your portfolio.

Despite its recent troubles, Nexo's future is undeniably bright, not only as a lending platform but as a solution to everything crypto. With its host of products, such as an affordable credit line, the convenient Nexo Card and the intuitive Nexo Pro, users can grow their wealth as well as gain passive income on idle savings.

Nexo opens up immense possibilities that suit beginners and experts alike, and more enthusiasts are bound to join the Nexo community.

What Is Nexo (NEXO): A Complete Crypto Finance Ecosystem

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards