Exchange (holds your funds for you)
NexoB3/5· Medium risk
Facts last reviewed 24 Sept 2026
Centralised crypto lending platform: Nexo lends out deposited assets, so depositors take on additional credit risk. Published rates are for the Platinum tier (≥10% of the portfolio in NEXO), and the portfolio must exceed USD 5,000 to earn interest. Only an auditor's reserve attestation, no Merkle.
Compare a move (switching cost) →History: published and paid rates, incidents, legal status →Official site ↗
Why this tier
- Falls short: Proof of reserves exists but is not published every month
- Meets: Licensed by a major regulator: US (California DFPI)
- Meets: Operating since 2018 (8 years)
- Falls short: No user protection fund disclosed
- Meets: No recorded incident causing user losses on the exchange
- Note: Nexo re-lends customer assets (claims loans are over-collateralised): depositors bear credit and counterparty risk in addition to custody risk.
- Note: The ~USD 775 million insurance belongs to the custodians (Ledger Vault, BitGo…), covers only assets in their cold storage, and does not protect against Nexo insolvency or borrower default. The figure is outdated.
- Note: Rates depend on membership tier (share of NEXO in the portfolio); taking interest in NEXO adds ~2%. YieldCompanion shows only the published rate (top tier, paid in the deposited coin).
- Note: EU: no MiCA licence of its own yet; serves EEA customers through licensed partners.
Tier history
- 29 Sept 2026B· Medium riskMedium risk
Products
| Coin | You earn | Highest rate | Tier | Product | Term | Conditions |
|---|---|---|---|---|---|---|
| USDT | 9.50% | Highest rate9.50% | B2/5· Medium risk | Fixed-term Savings 90d (Platinum tier: ≥10% of portfolio in NEXO) | 90 days | VIP required |
| USDT | 7.50% | Highest rate7.50% | B2/5· Medium risk | Flexible Savings (Platinum tier: ≥10% of portfolio in NEXO) | FlexibleWithdraw any time | VIP required |
| USDC | 8.50% | Highest rate8.50% | B3/5· Medium risk | Fixed-term Savings 90d (Platinum tier: ≥10% of portfolio in NEXO) | 90 days | VIP required |
| USDC | 6.50% | Highest rate6.50% | B3/5· Medium risk | Flexible Savings (Platinum tier: ≥10% of portfolio in NEXO) | FlexibleWithdraw any time | VIP required |
| EURC | 8.00% | Highest rate8.00% | B3/5· Medium risk | Fixed-term Savings 365d (Platinum tier: ≥10% of portfolio in NEXO) | 365 days | VIP required |
| EURC | 5.00% | Highest rate5.00% | B3/5· Medium risk | Fixed-term Savings 90d (Platinum tier: ≥10% of portfolio in NEXO) | 90 days | VIP required |
| EURC | 4.00% | Highest rate4.00% | B3/5· Medium risk | Flexible Savings (Platinum tier: ≥10% of portfolio in NEXO) | FlexibleWithdraw any time | VIP required |
| BTC | 3.70% | Highest rate3.70% | B3/5· Medium risk | Fixed-term Savings 30d (Platinum tier: ≥10% of portfolio in NEXO) | 30 days | VIP required |
| BTC | 2.70% | Highest rate2.70% | B3/5· Medium risk | Flexible Savings (Platinum tier: ≥10% of portfolio in NEXO) | FlexibleWithdraw any time | VIP required |
| ETH | 4.25% | Highest rate4.25% | B3/5· Medium risk | Fixed-term Savings 30d (Platinum tier: ≥10% of portfolio in NEXO) | 30 days | VIP required |
| ETH | 3.25% | Highest rate3.25% | B3/5· Medium risk | Flexible Savings (Platinum tier: ≥10% of portfolio in NEXO) | FlexibleWithdraw any time | VIP required |
| BNB | 4.75% | Highest rate5.00% | B3/5· Medium risk | Fixed-term Savings 30d (Platinum tier: ≥10% of portfolio in NEXO) | 30 days | VIP required |
| BNB | 3.75% | Highest rate4.00% | B3/5· Medium risk | Flexible Savings (Platinum tier: ≥10% of portfolio in NEXO) | FlexibleWithdraw any time | VIP required |
| SOL | 6.00% | Highest rate6.00% | B3/5· Medium risk | Fixed-term Savings 30d (Platinum tier: ≥10% of portfolio in NEXO) | 30 days | VIP required |
| SOL | 5.00% | Highest rate5.00% | B3/5· Medium risk | Flexible Savings (Platinum tier: ≥10% of portfolio in NEXO) | FlexibleWithdraw any time | VIP required |
| XRP | 6.25% | Highest rate6.25% | B2/4· Medium risk | Fixed-term Savings 90d (Platinum tier: ≥10% of portfolio in NEXO) | 90 days | VIP required |
| XRP | 5.25% | Highest rate5.25% | B2/4· Medium risk | Fixed-term Savings 30d (Platinum tier: ≥10% of portfolio in NEXO) | 30 days | VIP required |
| XRP | 4.25% | Highest rate4.25% | B2/4· Medium risk | Flexible Savings (Platinum tier: ≥10% of portfolio in NEXO) | FlexibleWithdraw any time | VIP required |
| TRX | 9.00% | Highest rate9.00% | B3/5· Medium risk | Fixed-term Savings 180d (Platinum tier: ≥10% of portfolio in NEXO) | 180 days | VIP required |
| TRX | 7.00% | Highest rate7.00% | B3/5· Medium risk | Fixed-term Savings 90d (Platinum tier: ≥10% of portfolio in NEXO) | 90 days | VIP required |
| TRX | 6.00% | Highest rate6.00% | B3/5· Medium risk | Fixed-term Savings 30d (Platinum tier: ≥10% of portfolio in NEXO) | 30 days | VIP required |
| TRX | 5.00% | Highest rate5.00% | B3/5· Medium risk | Flexible Savings (Platinum tier: ≥10% of portfolio in NEXO) | FlexibleWithdraw any time | VIP required |
| DOGE | 1.00% | Highest rate1.00% | B3/5· Medium risk | Flexible Savings (Platinum tier: ≥10% of portfolio in NEXO) | FlexibleWithdraw any time | VIP required |
USDT
USDC
BTC
ETH
BNB
SOL
XRP
TRX
DOGETier: A lowest risk, D active incident. The number after the letter is the criteria met.
Legal status by country
Taken from regulators’ registers and notices. A row without a source or a month confirmed says so.
Vietnam
Not licensed · Aug 2026
Nexo is not licensed in Vietnam and does not list Vietnam as an excluded region.
Source ↗Europe (EEA)
Not licensed · Sept 2026
Nexo is not on ESMA's CASP register (checked against the 24/9/2026 version; applications filed in Bulgaria/Germany in 2/2026); custody and trading for the EEA go through partners Tangany and DLT Finance, while Earn/Borrow fall outside the partners' licence scope.
Source ↗UAE (Dubai)
In-principle approval · Nexo Services FZE · Mar 2024
Nexo received initial VARA approval (3/2024) for lending, broker-dealer and investment management; no full operating licence seen yet.
Source ↗Indonesia
Not licensed · Jun 2026
Nexo is not on OJK's list of licensed exchanges, but it is also not on the list of 228 exchanges shut down by Satgas PASTI (6/2026); Nexo does not list Indonesia as an excluded region.
Source ↗Nigeria
Not licensed · Aug 2026
Nexo is not registered with Nigeria's SEC and does not list Nigeria as an excluded region.
Source ↗