Nexo Crypto Lending Enters Australia With Regulated Crypto-Backed Loans

Nexo crypto lending has launched in Australia after Nexo Australia became a credit representative under the National Consumer Credit Protection Act. Eligible customers can borrow Australian dollars or stablecoins against their crypto holdings without selling their assets. The platform offers Smart and Standard Credit Lines, with interest rates ranging from 0.9% to 21.9%. However, borrowers face margin-call and liquidation risks if falling crypto prices push their loan-to-value ratios above required levels.