As part of a comprehensive business restructuring, the cryptocurrency lending platform Nexo has announced the dissolution of its UK-based entities. This move aims to optimize its services and position the company for future development in the DeFi market.
The company announced the decision on May 11, citing its intention to streamline its operations and expand its global footprint.
Targets to Improve Operations and Customer Satisfaction
The dissolution of the UK units is expected to significantly impact Nexo’s future growth, reflecting the company’s commitment to staying ahead of the curve in the fast-paced crypto landscape.
The strategic decision allows the platform to remain agile and responsive to the industry’s dynamic shifts and better align itself with the evolving needs of its customers.
As Nexo prepares to concentrate on its core competencies and consolidate its resources, it will also work to improve its product offerings and customer support systems. The aim is to offer users a more robust, fluid experience and innovative and competitive solutions.
Product Diversity and Global Impact
Nexo, founded in 2017, has grown exponentially since its inception, becoming one of the largest and most reputable platforms in the crypto lending space.
Nexo provides a range of services, including crypto trading, custody, loans, interest-earning products, and debit card services, to its over 2 million clients and over $2 billion in assets under management.
In addition to expanding its service offerings and user base, the company has introduced new features such as Nexo Exchange, Nexo Earn, and Nexo Card.
Additionally, the platform has been integrating with various DeFi protocols and platforms, such as Aave, Uniswap, and Chainlink, to provide its users with more value and opportunities.
