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Nexo rolls out regulated crypto-backed credit lines in Australia

Nexo’s new credit product lets users borrow against digital assets to access liquidity in Australian dollars or stablecoins.

Reported · Written up by our desk · Market Structure

Cointelegraph reports that Nexo has launched regulated crypto-backed credit in Australia, offering borrowers a way to access liquidity by using their digital assets as collateral.

The credit lines are designed to let users take out loans in either Australian dollars or stablecoins, depending on how they want to hold the borrowed funds.

Nexo’s offering centers on turning cryptocurrency holdings into spendable credit, by borrowing against crypto rather than selling the underlying assets.

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