NEXO: how it works, supply and reviews

Exchange token

In short

Type: ERC-20 token on Ethereum (18 decimals); not a separate blockchain
Maximum supply: 1,000,000,000 NEXO total supply
Risks and caveats: NEXO's utility depends on the Nexo platform, a centralised company that holds client assets in custody.
Checked: 28 October 2026

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Key facts

Ticker: NEXO
Category: Exchange token
Network: token on Ethereum
Official site: nexo.com
Whitepaper: nexo.io/assets/downloads/Nexo-Whitepaper.pdf?=1
Source code: github.com/nexofinance/NEXO-Token

Data: CoinGecko, 2026-10-27. Only projects that still trade with meaningful volume are listed.

What is NEXO

NEXO is the ERC-20 token of Nexo, a centralised platform for buying, earning interest on and borrowing against digital assets that has operated since 2018. Holding NEXO relative to the rest of a portfolio places a client in Nexo's Loyalty Program tiers, which set rates and perks on the platform.

Network and consensus

Network and consensus — NEXO
Parameter	Details
Type	ERC-20 token on Ethereum (18 decimals); not a separate blockchain
Runs on	Ethereum
Launched	2018, together with the Nexo platform

Supply and issuance

Supply and issuance — NEXO
Parameter	Details
Maximum supply	1,000,000,000 NEXO total supply
Initial distribution	Sold in an initial coin offering (ICO); Nexo says almost all proceeds funded clients' crypto-backed loans
Buybacks	Nexo launched its first token buyback programme, of $12 million, in 2020

What NEXO is used for

Determines a client's Loyalty Tier on Nexo, based on the share of NEXO held against the rest of the portfolio.
Higher tiers receive higher savings rates, lower borrowing rates and crypto cashback on eligible purchases.
NEXO held in Nexo Savings and Credit Line wallets can itself earn interest on the platform.

Who develops and governs NEXO

Company: Nexo, a centralised digital-asset wealth platform operating since 2018
Legal entity: Nexo Capital Inc. (named in the 2023 SEC order)
Governance: No on-chain governance; the token and platform are managed by the company
Open source: Token smart contract published on GitHub under the Apache 2.0 licence

History

History — NEXO
Date	Event
2018	Nexo platform launched with a crypto-backed credit line; the NEXO token was issued.
2020	Loyalty Program introduced and first $12 million token buyback launched.
19 January 2023	Nexo settled SEC charges over its US Earn Interest Product, agreeing to $22.5 million to the SEC and $22.5 million to state regulators.
2024	Nexo ran its largest airdrop of NEXO tokens.
2026	Nexo returned to the US market through regulated partners.

Security and audits

Nexo states it uses multiple custodians, including Ledger Vault and Fireblocks, for client assets.
Nexo reports SOC 2 Type 2 certification and ISO/IEC 27001 accredited information security management.

Official NEXO contracts

Official NEXO contracts
Network	Contract address
Ethereum	0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206

Official contract address as published in the Nexo Help Center.

Risks and caveats

NEXO's utility depends on the Nexo platform, a centralised company that holds client assets in custody.
In January 2023 the SEC found Nexo's US Earn Interest Product to be an unregistered security offering; Nexo settled without admitting or denying the findings.
Nexo services and some assets are not available in certain jurisdictions.

Official links

Website: nexo.com/about
Docs: support.nexo.com/article/nexo-token-faq
Source code: github.com/nexofinance/NEXO-Token
Block explorer: etherscan.io/token/0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206

Questions and answers

What is the NEXO token?

NEXO is the ERC-20 token of the Nexo platform. The share of NEXO a client holds sets their Loyalty Tier, which affects rates and perks on Nexo.

What is the total supply of NEXO?

The total supply is 1,000,000,000 NEXO.

What blockchain is NEXO on?

Ethereum, as an ERC-20 token at 0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206 with 18 decimals.

Has Nexo faced regulatory action?

Yes. In January 2023 Nexo Capital Inc. settled SEC charges over its US Earn Interest Product, paying $22.5 million to the SEC and $22.5 million to state regulators.

Is the Nexo Card a credit card?

It works in two modes: Credit Mode spends against a crypto-backed credit line, Debit Mode spends crypto from the account. The user can switch between them at any time.

Nexo Card

Nexo Card
Parameter	Details
Type	Dual-mode card: Credit Mode (spending against a crypto-backed credit line) and Debit Mode (spending crypto directly), switchable at any time.
Credit Mode	Credit Mode spends from a crypto-backed credit line; Nexo states there are no credit checks and no fixed repayment schedule.
Issuer	Issued by DiPocket UAB.
Card network	Mastercard (trademark notice on the card page).
Availability	Only for citizens and residents of selected European countries, including the EEA and the United Kingdom, after identity verification.
Card fees	No monthly, annual or inactivity card fees (as of 31 October 2026).
FX fees	Foreign transaction fee on weekdays 0.2% in EEA/UK/CH and 2% elsewhere; on weekends 0.7% and 2.5% (as of 31 October 2026).

Checked: 31 October 2026 · nexo.com/crypto-card

Sources

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Page updated: 2026-10-31