Nexo adds Cosmos’ ATOM | Invezz

Cosmos (ATOM/USD), which is just outside the top 20 coins by market cap, has seen a surge in interest and activity recently. This hasn’t escaped the attention of crypto exchange Nexo (NEXO/USD), who’ve added ATOM to its list of cryptocurrencies available for trading, Invezz learned from a post on the official website.

Trading pairs

The currently available pairs are:

• ATOM/BTC
• ATOM/ETH
• ATOM/USDT
• АТОМ/USDx
• ATOM/EURx
• ATOM/GBPx

Features

• Earn: Receive up to 11% interest on ATOM, paid out daily.
• Borrow: Borrow instantly against ATOM at rates as low as 0% APR.
• Exchange: Convert to and from ATOM on the Nexo Exchange instantly.

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Nexo users can only add ATOM to their accounts by purchasing it through the exchange. Withdrawals are coming soon.

Seamless fiat-to-ATOM on-ramp

Users can buy ATOM via Visa and Mastercard debit and credit cards or choose from a variety of other cryptocurrencies and assets to convert into ATOM on the exchange.

Up to 11% annual interest

To earn up to 11% annual interest, you must purchase ATOM using your card or other crypto. It begins generating earnings as soon as it’s in your account. Interest is paid out daily.

The yield depends on your loyalty tier, there being four kinds: platinum, gold, silver, and base. Here is some more information:

• Platinum: Маximum rate – 11%. Standard rate – 8%.
• Gold: Маximum rate – 9%. Standard rate – 7%.
• Silver: Маximum rate – 7.75% Standard rate – 6.5%.
• Base: Маximum rate – 7%. Standard rate – 6%.

You can boost your interest rates on ATOM by opting to receive your interest in Fixed Term. For the Silver, Gold, and Platinum tiers, you can maximize the rates by getting interest in NEXO’s native token with Earn in NEXO.

Opening a credit line

A standard Nexo credit line features interest rates starting from 0% when borrowing with an LTV of under 20%, which would be better than almost any offer from a bank. Other features include:

• A minimum borrowing amount of just $50
• A permitted LTV of up to 33%
• No credit checks
• No origination fees
• No monthly repayments

Last but not least, the credit line instantly settles. No time passes between application and approval.