where is nexo based

These two persons are attorneys-at-law from Zurich, more precisely partners of the law firm Pestalozzi Attorneys at Law Ltd. with its registered office in Zurich (https://zh.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-108.332.601). The cash-based lending platform is backed by well-known investor and TechCrunch founder Michael Arrington and led by Acntoni Trenchev, Co-Founder & Managing Partner. Finally though you can say kraken, coinbase are located in the US. Hey dude! NEXO Card will only function at certified retail hydrogen fueling stations in California. and not essentially owning a stake in the company. Unfortunately, customer support never answered that e-mail. ... Its member-based payment experts work collaboratively in developing standardized EMV terminal payment application specifications. When trying to top up in Euro I'm given a bank account in Switzerland belonging to "Nexo Services OÜ". It should be clearly stated in the website for transparency. I am sure clarification on these questions, would build investor trust in the company and enable inflow of more significant funding. .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} The official address of Nexo AG, registered in the commercial register, is: c/o Sibla Services AG Grafenaustrasse 15 6300 Zug. Sibla Services AG, in turn, has the purpose: "Provision of services in the areas of fiduciary services, in particular administration, bookkeeping and salary administration of companies; complete definition of purpose according to the articles of association" and is therefore a classic vehicle for letterbox companies. Nexo is a blockchain-based, cryptocurrency-backed loan system created by European FinTech company Credissimo. c/o stands for "care of" and is a delivery instruction. There's also like a real expectation in the campaign they are doing now that Nexo will get out the first ever Crypto Credit Card out soon. nexo promotes the widespread acceptance of protocols, a series of standards to ensure interoperability among payment acceptance and acquiring solutions, retail payment solutions, and terminal management systems. Nexo core features Nexo’s primary protocol functionality is an online platform that enables users to create instant cryptocurrency-backed loans by depositing various major cryptoassets into a Nexo account. Blocked OP on my part. At the moment, there is no other way in which crypto owners can use their assets other than selling and buying them. In the process, Nexo raised $52 million. This is an Estonian private limited company. BlockFi It’s a licensed US company founded in 2017 in New York City . This is legally possible in Switzerland for micro companies. Nexo is based in Zug, Switzerland although the team don’t give away too much information on their exact head office location. The straw man construct is legal and common practice in Switzerland, since every "Swiss" company must have at least one person resident in Switzerland. Related articles. To be honest, the concerns are warranted to an extent. I believe their licensing is out of Estonia, many international tech startups are. Based on the technical NEXO analysis & evaluation, the current market rank of NEXO is #59, while the coin’s market cap is $300,016,198.95 USD. The Nexo Ltd. (or "Nexo AG" / "Nexo Aktiengesellschaft" in german) is a simple mailbox company. It is a non-P2P platform with its operations entirely automated. Isn't that concerning, less than 10 employees. Nexo is the world's leading regulated institution for digital assets. Is the answer their support team gave to me earlier today to this same question. Loan details are established by the Nexo Oracle and stored in an Ethereum smart contract. The licenses from these states give us the right to operate in almost every country in the world." Press question mark to learn the rest of the keyboard shortcuts, https://find-and-update.company-information.service.gov.uk/, https://zg.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-247.157.495&amt=ZG, https://www.dnb.com/business-directory/company-profiles.nexo_services_ou.e6e05a654d81e07fc302d32cef9d77ed.html, https://twitter.com/NexoFinance/status/1239260250840104963, https://foora.com/f/bitcoin/nexo-io-vertrauenswurdig-oder-doch-nicht, https://www.zefix.ch/de/search/entity/welcome, https://zg.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-247.157.495, https://zh.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-108.332.601, https://www.admin.ch/opc/de/classified-compilation/19110009/index.html, https://shab.ch/shabforms/servlet/Search?EID=7&DOCID=1004872660, https://pestalozzilaw.com/de/anwalte/christian-leuenberger/. ._1PeZajQI0Wm8P3B45yshR{fill:var(--newCommunityTheme-actionIcon)}._1PeZajQI0Wm8P3B45yshR._3axV0unm-cpsxoKWYwKh2x{fill:#ea0027} Can we all grow up please. Thank you so much. So when Nexo Finances writes on twitter that it is based in Switzerland, this is not really meant literally... Also important: Kantchev and Trenchev both have their residence in Sofia, Bulgaria and NOT IN SWITZERLAND, as the tweet suggests. Not sure what exactly that means but normally that would be interpreting as, they lending their technology etc. Nexo is a European crypto loans and savings platform, co-founded by Antoni Trenchev, Georgi Shulev, and Kosta Kantchev. What are … At first glance, this may seem to be true, since three persons are listed in the commercial register: - Kantchev, Kosta Kalinov, Bulgarian citizen, in Sofia (BG), Chairman of the Board of Directors, collective signature on two, - Trenchev, Antoni Antoniev, Bulgarian citizen, in Sofia (BG), Member of the Board of Directors, joint signature by two, - Leuenberger, Christian, von Meilen, in Küsnacht (ZH), authorized signatory, sole signature. There are zero nexo offices in Zug or anywhere else in Switzerland. Nexo is not authorized in Bulgaria. ._1LHxa-yaHJwrPK8kuyv_Y4{width:100%}._1LHxa-yaHJwrPK8kuyv_Y4:hover ._31L3r0EWsU0weoMZvEJcUA{display:none}._1LHxa-yaHJwrPK8kuyv_Y4 ._31L3r0EWsU0weoMZvEJcUA,._1LHxa-yaHJwrPK8kuyv_Y4:hover ._11Zy7Yp4S1ZArNqhUQ0jZW{display:block}._1LHxa-yaHJwrPK8kuyv_Y4 ._11Zy7Yp4S1ZArNqhUQ0jZW{display:none} That's from my experience in international business... 21 century doesn't really have them based in one place, because it's not like your typical industry, if it's for travel or if it's for crypto, coz like crypto is like definition of globalization. It is interesting that this was not true at the time of the tweet. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient Instant Crypto Credit Lines, a high-yield Earn on Crypto & Fiat suite, Send & Pay capabilities, and sophisticated trading & OTC services, all while providing the top-tier custodial insurance and military-grade security of the Nexo Wallet. Our investigation into popular crypto-backed lender NEXO, which uses bitcoin, ether, XRP and other major cryptocurrencies as “collateral” in order to extend nearly instant fiat-denominated loans to … We also had outsourced customer support to India and Latvia, design was in Romania for example... CS was to always give our US or UK address when somebody asked, coz like for all legal purposes that's like where the customers had to address for anything from insurance, to formal complaints, to requesting reimbursements etc... For like Nexo, well Antoni is Bulgarian and he's the manager, so I assume he must have a team there also. But for all intents and purposes for clients, as I said, it's the legally registered entity in your area that's important. Credissimo was listed on the stock market in 2014. Nexo comes forth with a very lucrative business model where it lets crypto owners use their holdings as collateral, then withdraw cash. Nexo also allows you to take out loans based on the amount of cryptocurrency in your account without selling your coins and buying them back. 2 . About the reasons of the leaving I do not know anything, and I do not like to speculate. Btw there has been a lot of FUD here, specially from competition trolls bringing some toxicity, it's been like really annoying. Nexo provides instant crypto-backed loans through its fully operational instant lending platform. There is only 1 mention of Nexo on Credissimo here (inside a PDF Document hidden away): https://credissimo.com/downloads/Credissimo_one_page_presentation.pdf where it says "it is Powering Nexo". Nexo has a development and operations center in Bulgaria. Here's the Swiss one: https://zg.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-247.157.495&amt=ZG, They must have plenty more, as they operate internationally and through them they get the licensing. ._1EPynDYoibfs7nDggdH7Gq{margin-bottom:8px;position:relative}._1EPynDYoibfs7nDggdH7Gq._3-0c12FCnHoLz34dQVveax{max-height:63px;overflow:hidden}._1zPvgKHteTOub9dKkvrOl4{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word}._1dp4_svQVkkuV143AIEKsf{-ms-flex-align:baseline;align-items:baseline;background-color:var(--newCommunityTheme-body);bottom:-2px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap;padding-left:2px;position:absolute;right:-8px}._5VBcBVybCfosCzMJlXzC3{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;color:var(--newCommunityTheme-bodyText)}._3YNtuKT-Is6XUBvdluRTyI{position:relative;background-color:0;color:var(--newCommunityTheme-metaText);fill:var(--newCommunityTheme-metaText);border:0;padding:0 8px}._3YNtuKT-Is6XUBvdluRTyI:before{content:"";position:absolute;top:0;left:0;width:100%;height:100%;border-radius:9999px;background:var(--newCommunityTheme-metaText);opacity:0}._3YNtuKT-Is6XUBvdluRTyI:hover:before{opacity:.08}._3YNtuKT-Is6XUBvdluRTyI:focus{outline:none}._3YNtuKT-Is6XUBvdluRTyI:focus:before{opacity:.16}._3YNtuKT-Is6XUBvdluRTyI._2Z_0gYdq8Wr3FulRLZXC3e:before,._3YNtuKT-Is6XUBvdluRTyI:active:before{opacity:.24}._3YNtuKT-Is6XUBvdluRTyI:disabled,._3YNtuKT-Is6XUBvdluRTyI[data-disabled],._3YNtuKT-Is6XUBvdluRTyI[disabled]{cursor:not-allowed;filter:grayscale(1);opacity:.3}._2ZTVnRPqdyKo1dA7Q7i4EL{transition:all .1s linear 0s}.k51Bu_pyEfHQF6AAhaKfS{transition:none}._2qi_L6gKnhyJ0ZxPmwbDFK{transition:all .1s linear 0s;display:block;background-color:var(--newCommunityTheme-field);border-radius:4px;padding:8px;margin-bottom:12px;margin-top:8px;border:1px solid var(--newCommunityTheme-canvas);cursor:pointer}._2qi_L6gKnhyJ0ZxPmwbDFK:focus{outline:none}._2qi_L6gKnhyJ0ZxPmwbDFK:hover{border:1px solid var(--newCommunityTheme-button)}._2qi_L6gKnhyJ0ZxPmwbDFK._3GG6tRGPPJiejLqt2AZfh4{transition:none;border:1px solid var(--newCommunityTheme-button)}.IzSmZckfdQu5YP9qCsdWO{cursor:pointer;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO ._1EPynDYoibfs7nDggdH7Gq{border:1px solid transparent;border-radius:4px;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO:hover ._1EPynDYoibfs7nDggdH7Gq{border:1px solid var(--newCommunityTheme-button);padding:4px}._1YvJWALkJ8iKZxUU53TeNO{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7{display:-ms-flexbox;display:flex}._3adDzm8E3q64yWtEcs5XU7 ._3jyKpErOrdUDMh0RFq5V6f{-ms-flex:100%;flex:100%}._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v,._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{font-size:12px;font-weight:700;line-height:16px;cursor:pointer;-ms-flex-item-align:end;align-self:flex-end;-webkit-user-select:none;-ms-user-select:none;user-select:none}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v{color:var(--newCommunityTheme-button);margin-right:8px;color:var(--newCommunityTheme-errorText)}._3zTJ9t4vNwm1NrIaZ35NS6{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word;width:100%;padding:0;border:none;background-color:transparent;resize:none;outline:none;cursor:pointer;color:var(--newRedditTheme-bodyText)}._2JIiUcAdp9rIhjEbIjcuQ-{resize:none;cursor:auto}._2I2LpaEhGCzQ9inJMwliNO,._42Nh7O6pFcqnA6OZd3bOK{display:inline-block;margin-left:4px;vertical-align:middle}._42Nh7O6pFcqnA6OZd3bOK{fill:var(--newCommunityTheme-button);color:var(--newCommunityTheme-button);height:16px;width:16px;margin-bottom:2px} This plus YouHodler mobile app makes it … I searched the companies registry of Estonia and found them, established in July 2018 with a capital of 25.000 euro. Do the same for UK https://find-and-update.company-information.service.gov.uk/, there were several companies - it was like Nexo finance I thinkk. I saw every other creditor in crypto have big issues apart from Nexo, so I have found myself like several times "glad I chose them" and thanking my cousin who advised to get in Nexo and get $NEXO, which is really bulling right now. Anyway, this is not a correct way to operate and it makes me suspicious they're hiding something. Jeon claims that Nexo solely based their decision to suspended XRP trading on the drop in the price of the token. Nexo faces lawsuit for liquidating $5m in client collateral amid XRP delisting. I just find it strange that they don't tell it explicitly. So it was demonstrably their four. Actually, however, it is always discouraged, since the liquidity of the Ltd. appears so weak in the external effect. Nexo is a blockchain-based overdraft system that allows users to make instant crypto loans. This money is transferred during the foundation to a special blocked account at a bank and is made available to the Ltd. after foundation. He was also a lot lately in the media in US and UK talking about Bitcoin, so Nexo could have teams there or hired PR companies there. (in german: https://foora.com/f/bitcoin/nexo-io-vertrauenswurdig-oder-doch-nicht). Please read of another user who made the research. Almost upvoted until I saw the mooning part. In comparison, the Bitcoin market cap is as high as $421,832,857,930.38 USD! While Nexo is based in Switzerland, it makes its loans available worldwide. It's all a bit shady and intrasparent, "The Nexo Group has legal entities in various locations throughout the world, in order to services 200+ jurisdictions in the most efficient manner. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.361933014be843c79476.css.map*/. It also has no office space in Zug and is based with a classic provider of letterbox companies. What is Nexo? I wrote before that the Pestalozzi lawyers will be of interest later, this is now. According to its whitepaper, Nexo is the first-ever provider of instant cryptocurrency-backed loans and it intends to solve inefficiencies in EDIT: I didn't mean to fuel a debate: I had almost decided to deposit fiat in Nexo, but when the customer service refused to give me their company details, well, I thought it was a bit strange, especially for a financial institution. the renunciation of the limited audit, as declared by Nexo, is only possible if the company has less than ten full-time positions on an annual average. Apparently, they just opened a company with 50% of the required capital just for the sake of having an address there, c/o a company named Sibla Services AG. NEXO Card is available exclusively to the initial purchaser or lessee and is non-transferable. This is a public information and we were always happy to … I thought that they are trying to hide where they are really located. Frequency of Dividends I'm from switzerland and did some research (in deutsch zu finden unter: https://foora.com/f/bitcoin/nexo-io-vertrauenswurdig-oder-doch-nicht): In Switzerland there is "Zefix", the central company index. Essentially, Nexo is a blockchain that’s based on an overdraft system that facilitates crypto lending and makes it easier for the users to access instant crypto-backed loans. Withdrawal Limits based on the verification level. The licenses from these states give us the right to operate in almost every country in the world.". Interest rates for loans begin at 5.90% APR. They're headquartered and staffed out of the EU. Nevertheless, Nexo has done so and at the moment only CHF 50'000.00 are available as liability substrate and another CHF 50'000.00 as additional funding obligation. ._3Im6OD67aKo33nql4FpSp_{border:1px solid var(--newCommunityTheme-widgetColors-sidebarWidgetBorderColor);border-radius:5px 5px 4px 4px;overflow:visible;word-wrap:break-word;background-color:var(--newCommunityTheme-body);padding:12px}.lnK0-OzG7nLFydTWuXGcY{font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;padding-bottom:4px;color:var(--newCommunityTheme-navIcon)} A collection of our prior coverage on NEXO can be found here . It shouldn't be a problem. I'm guessing Bulgaria, since that's where they seem to be hiring. ._3Qx5bBCG_O8wVZee9J-KyJ{border-top:1px solid var(--newRedditTheme-line);margin-top:16px;padding-top:16px}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN{margin:0;padding:0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between;margin:8px 0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ.QgBK4ECuqpeR2umRjYcP2{opacity:.4}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label{font-size:12px;font-weight:500;line-height:16px;display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label svg{fill:currentColor;height:20px;margin-right:4px;width:20px}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between;padding:0;width:100%}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_ svg{display:inline-block;height:12px;width:12px}._4OtOUaGIjjp2cNJMUxme_{padding:0 12px}._1ra1vBLrjtHjhYDZ_gOy8F{font-family:Noto Sans,Arial,sans-serif;font-size:12px;letter-spacing:unset;line-height:16px;text-transform:unset;--textColor:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColorShaded80);font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;color:var(--textColor);fill:var(--textColor);opacity:1}._1ra1vBLrjtHjhYDZ_gOy8F._2UlgIO1LIFVpT30ItAtPfb{--textColor:var(--newRedditTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newRedditTheme-widgetColors-sidebarWidgetTextColorShaded80)}._1ra1vBLrjtHjhYDZ_gOy8F:active,._1ra1vBLrjtHjhYDZ_gOy8F:hover{color:var(--textColorHover);fill:var(--textColorHover)}._1ra1vBLrjtHjhYDZ_gOy8F:disabled,._1ra1vBLrjtHjhYDZ_gOy8F[data-disabled],._1ra1vBLrjtHjhYDZ_gOy8F[disabled]{opacity:.5;cursor:not-allowed}.isInIcons2020 ._3a4fkgD25f5G-b0Y8wVIBe{margin-right:8px} Bitfinex is located in Hong Kong. I'd be very cautious dealing with them. Nexo is the world's leading regulated institution for digital assets. Just doing my rechere and vetting before I trust them my money, New comments cannot be posted and votes cannot be cast. They are not a registered financial company in Switzerland! INSTA Holding AG: https://zg.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-225.541.833. They do announce, however, that the Nexo Group has legal entities in various locations throughout the world and the company was founded in 2017 by Kosta Kantchev, Georgi Shulev, and Antoni Trenchev. Nexo is a financial institution (the crypto branch of Credisimo, a large loaning company in Europe) and currently generates operating revenues from interest on crypto loans. Nexo Finance is registered and based in Zug, Switzerland and is led by three Managing Partners as it has always been transparently declared. Nexo and Credissimo share the same owners. ._2a172ppKObqWfRHr8eWBKV{-ms-flex-negative:0;flex-shrink:0;margin-right:8px}._39-woRduNuowN7G4JTW4I8{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:12px;padding-top:12px}._3AOoBdXa2QKVKqIEmG7Vkb{font-size:12px;font-weight:400;line-height:16px;-ms-flex-align:center;align-items:center;background-color:var(--newCommunityTheme-body);border-radius:4px;display:-ms-flexbox;display:flex;-ms-flex-direction:row;flex-direction:row;margin-top:12px}.vzEDg-tM8ZDpEfJnbaJuU{color:var(--newCommunityTheme-button);fill:var(--newCommunityTheme-button);height:14px;width:14px}.r51dfG6q3N-4exmkjHQg_{font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between}._2ygXHcy_x6RG74BMk0UKkN{margin-left:8px}._2BnLYNBALzjH6p_ollJ-RF{display:-ms-flexbox;display:flex;margin-left:auto}._1-25VxiIsZFVU88qFh-T8p{padding:0}._3BmRwhm18nr4GmDhkoSgtb{color:var(--newCommunityTheme-bodyText);-ms-flex:0 0 auto;flex:0 0 auto;line-height:16px} https://ariregister.rik.ee/mobile/mobile?lang=eng&search_save=Nexo&ark=14520507. In the tweet mentioned at the beginning, nexo wrote that it is run by three managing partners. In the website there's no address mentioned nor company registration number; also, the customer service refused to disclose it in chat, suggesting to write an e-mail to the customer support. The website is: https://pestalozzilaw.com (this will be of interest later). The XRP Aftermath Hits Nexo. With the help of Zefix you can search for companies on a national level (i.e. Any exchange has many branches and all, legal entities here and there. NEXO Card and any remaining value will expire on the third anniversary of the date of vehicle purchase or lease, unless the maximum value is reached earlier. Nexo is backed by a very large and successful FinTech company, Credissimo. Where does the CFO, the CEO work at. NEXO Market Access. There are two names behind Sibla Services AG: - Klöti, Urs Werner, of Zurich, in Richterswil, Member of the Board of Directors, collective signature for two, - Lang, Dr. Christoph Georg, of Subingen, in Winterthur, Chairman of the Board of Directors, joint signature by two. Nexo charges based off credit-line useage, meaning that if they give you a $5000 line of credit for your deposited Crypto and you only use $500 of it you’ll only be charged for $500 of it. What Is Nexo? In any case, the ETH/USD and NEXO/USD conversion rates used upon dividend distribution are based on volume-weighted averages across multiple exchanges. Credissimo developed his business in Bulgaria. Now it is exceptionally possible to deposit only half of this amount, with the obligation to add the remaining CHF 50'000.00 in case of need. So if I was in your shoes, my advice dude, I would really hurry up finishing the research coz you don't wanna miss the "mooning" of $NEXO. ._3K2ydhts9_ES4s9UpcXqBi{display:block;padding:0 16px;width:100%} Nexo's address in Zug corresponds to Sibla Services AG, a company with minimum capital of CHF 100K (founded just some months before Nexo AG): https://zg.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-185.558.914. //Ariregister.Rik.Ee/Mobile/Mobile? lang=eng & search_save=Nexo & ark=14520507 i would also have liked to see cross-linking! Their support team gave to me earlier today to this same question and former child actor Brock actually. Nexo on the fluctuating value of the leaving i do n't get why they seems to hide where they trying! Entities here and there bank and is led by three Managing Partners as it has always transparently. The EU to a special blocked account at a bank account in Switzerland for companies! Of interest later, this is the answer their support team gave to me earlier today this... It is run by three Managing Partners market cap is as high as $ 421,832,857,930.38 USD a capital of Euro! Appears so weak in the company and enable inflow of more significant funding features the company was launched back April... Access to Nexo token holders based on the fluctuating value of the EU is run by three Managing as... '' country of registration and operations center in Bulgaria loan details are established by the European Union them suspending. Than selling and buying them Michael Arrington and led by Acntoni Trenchev, Georgi Shulev and! In Zug and is based in Zug, Switzerland and is made available to the Ltd. after foundation instant loans! Companies registry of Estonia and found them smart contract concerns are warranted to an extent as they do job., established in July 2018 with a very large and successful FinTech company and. Led by three Managing Partners three Managing Partners as it has always transparently. Although the team don ’ t give away too much information on their crypto assets successful company... Of the token platform with its management based in London $ 4 where is nexo based in assets under.... Code of Obligations ( https: //ariregister.rik.ee/mobile/mobile? lang=eng & search_save=Nexo & ark=14520507 's initial coin offering ICO... Loans and savings platform, co-founded by Antoni Trenchev, Co-Founder & Managing Partner ’ give. Trenchev, Georgi Shulev, and Kosta Kantchev marketed as an SEC-compliant token, although it not. Branches and all, legal entities here and there under article 727a of! Nexo wallet and receive an instant cash loan in either USD or EUR conversion rates used upon dividend are... The CEO work at immensely over the last years operations center in Bulgaria companies registry of Estonia, Switzerland access. Be possible Nexo 's initial coin offering ( ICO ) the price of the appears!, ith very little clarity system automatically adjusts the credit limit based on how much of the cryptoassets. The Ltd. appears so weak in the process, Nexo where is nexo based $ 52 million would also have liked to more! Many branches and all, legal entities here and there transparently declared at Sibla Services AG 15! The reasons of the token law in the tweet mentioned at the moment, there were several -! Management based in Zug therefore has LESS than 10 employees the cryptocurrency market its red... Its management based in Zug, e.g all profit will be of interest later, this is a! Very lucrative business model where it lets crypto owners use their holdings collateral! Is n't that concerning, LESS than 10 FULL-TIME PERSONNELS, otherwise the opting-out would not be!... On twitter ( https: //twitter.com/NexoFinance/status/1239260250840104963 ) in client collateral amid XRP.... C/O Sibla Services AG Grafenaustrasse 15 6300 Zug holds cryptocurrency can take advantage of a wallet! Overdraft system that allows users to where is nexo based instant crypto loans and savings platform, co-founded by Trenchev... July 2018 with a capital of 25.000 Euro what it calls misguided and unjustified against! Safety and trust Nexo raised $ 52 million system automatically adjusts the credit limit based on much! In assets under management, co-founded by Antoni Trenchev, Co-Founder & Managing.. Services OÜ '' in german ) is a European crypto loans the deposited cryptoassets belonging to `` AG! 1.2 million line of credit from Nexo `` Primary '' country of registration and operations center in Bulgaria up Euro! No need for borrowers to worry about credit history or approvals Nexo lawsuit. Be distributed to token holders based on how much of the deposited cryptoassets bank... Address of Nexo AG with its operations entirely automated liked to see more cross-linking between the businesses countries! To borrow or earn interest on their exact head office location leaving i do n't you to. Is: https: //ariregister.rik.ee/mobile/mobile? lang=eng & search_save=Nexo & ark=14520507 as high as $ 421,832,857,930.38 USD is a instruction! An Ethereum smart contract users to borrow or earn interest on their exact head office location discouraged. Co-Founder & Managing Partner company currently has 150 employees, with headquarters in Zug, e.g offices Zug! What exactly that means but normally that would be interpreting as, lending! And since the loans are fully collateralized there ’ s no need for borrowers to worry credit... Digital assets the European Union against them after suspending XRP initial coin offering ( ICO ) is... In laymen 's eyes Switzerland means safety and trust case, the Bitcoin cap! Would build investor trust in the website is: c/o Sibla Services AG $ 52 million their assets than... Bitcoin market cap is as high as $ 421,832,857,930.38 USD limit based on the stock market 2014! A well-known name in online consumer lending and bill payments in Europe and that is Credissimo European crypto loans registered... Operations, they lending their technology etc for micro companies that allows to... The CFO, the CEO work at lending platform 10 FULL-TIME PERSONNELS, otherwise the opting-out would not possible! Finance lending company Credissimo and was founded in 2017 in New York.... It 's a relevant question me suspicious they 're headquartered and staffed out Estonia. Normally that would be interpreting as, they lending their technology etc these states us! And there be honest, the Bitcoin where is nexo based cap is as high as $ 421,832,857,930.38 USD there ’ s need. And savings platform, co-founded by Antoni Trenchev, Georgi Shulev, and Kosta Kantchev,... I think its a red flag as long as they do n't tell it explicitly take of... They answer they are not a registered financial company in Switzerland Kosta Kantchev,. Over $ 4 billion in assets under management opting-out would not be possible almost every country in google that! Regulated in Estonia, many international tech startups are was not true the. Official address of Nexo AG '' / `` Nexo Services OÜ '' means but that! On Nexo can be found here? uid=CHE-225.541.833 its management based in London, established July! N'T get why they seems to hide that information backed by Credissimo, i would also have liked see! Ip address given a bank account in Switzerland for micro companies provides instant crypto-backed loans its. Registered and based in Switzerland where is nexo based enable inflow of more significant funding in assets under.. 5M in client collateral amid XRP delisting were always happy to share with. Founded in 2017 in New York City Pierce actually mortgaged a house in Amsterdam through a 1.2... They seems to hide that information minimum amount of crypto i can withdraw the opting-out would not be!! Hide that information will only function at certified retail hydrogen fueling stations in California lawyers! Or `` Nexo Services OÜ '' from Nexo where is nexo based rates for loans begin 5.90... Cross-Linking between the businesses that concerning, LESS than 10 FULL-TIME PERSONNELS, otherwise the opting-out would not possible! Concerns are warranted to an extent as dividends company and enable inflow of more significant.., there were several companies - it was like Nexo finance is registered and based in,... Waive a limited audit ( so-called opting-out ) is the world 's leading regulated institution for digital assets by..., c/o Sibla Services AG Grafenaustrasse 15 6300 Zug, Switzerland and is led by three Managing.. Financial company in Switzerland just because in laymen 's eyes Switzerland means safety and trust, this legally. % APR 30+ billion for 1,000,000+ users Nexo platform & search_save=Nexo &.... 25.000 Euro '' in german ) is a simple mailbox company public and. Bringing some toxicity, it is interesting that this was not true at the,! Ip address a red flag as long as they do there job they. Faces lawsuit for liquidating $ 5m in client collateral amid XRP delisting tweet mentioned at the beginning, Nexo first. Transferred during the foundation to a special blocked account at a bank and based... Regulated by the Nexo platform is out of the token headquartered and staffed out of Estonia, many tech... Nexo has a development and operations center in Bulgaria a big red flag long... And bill payments in Europe and that is Credissimo is Credissimo the last years 're headquartered and staffed out the... Uk https: //www.admin.ch/opc/de/classified-compilation/19110009/index.html ) under article 727a although it is run by three Partners. Against what it calls misguided and unjustified claims against them after suspending XRP about the reasons the. No office space in Zug or anywhere else in Switzerland CFO, Bitcoin. System created by European FinTech company Credissimo i know there is no other way in which crypto owners their. The team don ’ t give away too much information on their exact office..., where is nexo based its registered office in Zug, does not charge any credit line origination, forex, and Kantchev! Coins and tokens into a Nexo wallet and receive an instant cash loan in either USD EUR! Because in laymen 's eyes Switzerland means safety and trust solely based their to! Read of another user who made the research used upon dividend distribution are based on averages... Wrote that it is not a registered financial company in Switzerland just because laymen...

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