Nexo Gains 35%, Becomes Best Daily Performer After Announcing Dividend Payment

Nexo, a cryptocurrency in the top 60 coins by market cap as shown by Coinmarketcap data, gained on Tuesday 35.5% as of 11:52 UTC. The coin has demonstrated the largest daily gain in the last few months after announcing a dividend payment to Nexo token holders.

https://twitter.com/NexoFinance/status/1069607763360342018

Nexo is a cryptocurrency-backed loan platform that allows users to borrow fiat US dollars by using cryptocurrencies as collateral. To ensure the security of crypto funds, Nexo is partnering with Nexo partners with BitGo, a blockchain security firm backed by Goldman Sachs (NYSE:GS).

On Monday, Nexo announced that it would hold a dividend distribution worth $912,071. To become eligible for the dividend payments, investors have to go t…

This article appeared first on Cryptovest

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