Nexo Brings Regulated Crypto Lending to Australian Market

Nexo has expanded its Australian operations after securing lending authorization from the country's consumer credit framework.

The move allows eligible clients to borrow against digital assets without selling their holdings, preserving exposure to the underlying assets.

Nexo's Credit Lines offer borrowers access to funds in Australian dollars or stablecoins within 24 hours after completing the required assessment process.

The interest rates for these lines range from 0.9% to 21.9% annually, depending on the selected Credit Line and the customer's Wealth Club loyalty tier.