Nexo Australia Unveils Crypto-Backed Credit Lines with Competitive Interest Rates

Nexo Australia has launched crypto-backed credit lines with interest rates ranging from 0.9% to 21.9%, depending on the product and client loyalty tier.

The company became an authorized credit representative under Australia's consumer credit framework in August, allowing it to provide regulated loans using digital assets as collateral.

Nexo Individual Loans Pty Ltd provides the regulated loans, serviced by Avgi under its Australian Credit Licence 567308. Nexo Australia handles applications, account management, and customer support.