Nexo Expands Regulated Crypto-Backed Credit in Australia

Nexo, one of the largest crypto lenders globally, has secured regulatory approval to expand its crypto-backed credit offerings in Australia. The company's Australian arm has been appointed as a Credit Representative under the National Consumer Credit Protection Act, allowing it to offer borrowing and wealth products that are regulated by consumer protection rules similar to traditional lenders.

The new Credit Lines let eligible clients borrow against their digital assets without selling them, preserving long-term market exposure while accessing cash. Interest rates range from 0.9% to 21.9% p.a., depending on the client's loyalty tier and credit line version used. Funds are typically available within 24 hours, with no fixed term, origination fees, or rigid repayment schedules.

Nexo also offers a Collateral Exchange feature that lets clients swap between eligible collateral assets without interrupting an active Credit Line, making it easier to rebalance a portfolio as market conditions shift. The Nexo Booster enables clients to multiply their digital asset collateral by up to three times, using newly created positions as additional collateral.

The company's growth offering, Nexo Growth, is also back in the Australian market, giving clients the option to earn up to 10% p.a. on supported assets. Clients can choose Flexible Growth or Fixed-term Growth, with rates varying by asset and term.