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Limited crypto assets - Explained

We are thrilled to announce the launch of the so-called "limited" assets on Nexo's platform. They share the same functionalities as the rest of the currently supported digital currencies, i.e. you can earn interest (both in Flex and Fixed terms), borrow against them, or swap them for other currencies. They can also be transferred between your Credit Line and Savings wallets to suit your financial strategies. 

 

So how are they different then?

Limited Assets can only be obtained and swapped through our own exchange, meaning you cannot directly deposit/withdraw them to/from our platform. The introduction of designated wallets and the underlying blockchain integration that powers on-chain transfers is a rather complex and time-consuming process. This is where Limited Assets step in: they allow you to diversify your portfolio and tap into the power of an even wider range of cryptocurrencies right here, right now. 

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What currencies will be available as Limited Assets?

The cryptocurrencies currently onboarded as Limited Assets are THORChain's RUNE token, Solana's SOL token, Avalanche's AVAX token, Fantom's FTM token, Cosmos' ATOM token, Kusama's KSM token, NEAR Protocol (NEAR), Optimism's OP token, Terra (LUNA2), Terra Classic (LUNC), TerraClassic USD (USTC), Ethereum PoW (ETHW) with others to follow shortly after. 

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Here is a summary of the features and functionalities of the Limited Assets:

 

Important: 

  1. Exchanging crypto for fiat or vice versa, buying crypto with card, and the Nexo Booster are unavailable for clients residing in Australia.

  2. Trading Terra Classic (LUNC) via the Nexo Exchange is currently unavailable.
  3. The Nexo Earn Interest Product is not available for citizens or residents of certain jurisdictions, including where restrictions may apply, such as Bulgaria, Estonia and the USA.

  4. Our Earn Product is unavailable for 1INCH, AAVE, CRV, MANA, GALA, MKR, Terra (LUNA2), Terra Classic (LUNC), TerraClassic USD (USTC), SUSHI, SAND, UNI, FTT, HT and OP.

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