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Category: #ETH

  • Nexo: A Reliable and Convenient Crypto Lending Platform

    The rise of cryptocurrencies has led to the emergence of various financial services that cater to individuals and institutions who own these digital assets. One such platform is Nexo, a blockchain-based platform that offers instant cryptocurrency-backed loans and other financial services to its users.
    One of the main features of Nexo is its ability to allow users to borrow against their cryptocurrency assets without the need to sell them. This means that users can access cash without having to part ways with their crypto holdings, providing a more convenient option for those who need quick access to funds. With Nexo, users can receive their loans instantly, making it an attractive option for those who need cash in a hurry.
    Another service offered by Nexo is interest-earning accounts, which allow users to earn interest on their cryptocurrency deposits. This is a great option for those who want to earn passive income on their crypto holdings, as Nexo offers competitive interest rates on a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, XRP, and many others.
    Nexo’s platform is available to users around the world, making it accessible to a wide range of people. The platform supports multiple languages, and their customer support team is available 24/7 to assist users with any questions or concerns they may have.
    One of the things that sets Nexo apart from other cryptocurrency lending platforms is its commitment to high-security standards and transparent business practices. Nexo uses state-of-the-art security measures, such as multi-signature cold storage wallets, to ensure the safety of users’ funds. They are also fully compliant with regulatory requirements, making them a reliable and trustworthy option for those who are looking to use a cryptocurrency lending platform.
    To register on Nexo, simply go to their website and click on the “Sign Up” button. You will be required to provide your email address, create a password, and complete a KYC process by submitting personal information and identity verification documents. Once your account is approved, you can start using Nexo’s services.
    In conclusion, Nexo is a reliable and convenient cryptocurrency lending platform that offers a range of financial services to its users. With its ability to allow users to borrow against their cryptocurrency assets and earn interest on their deposits, Nexo provides a more convenient and accessible option for those who own digital assets. Its commitment to high-security standards and transparent business practices make it a popular choice for those looking for a trustworthy cryptocurrency lending platform.
    Join Nexo and get $25 in BTC! With Nexo you can earn industry-leading interest on your crypto, borrow against your digital assets or exchange between hundreds of market pairs. Sign up here: https://nexo.com/ref/8rz20irzvp?src=android-link

  • Ethereum’s Shanghai Upgrade Boosts Institutional Interest in ETH Futures Trading

    Ethereum, the world’s second-largest cryptocurrency by market value, recently implemented the highly anticipated Shapella hard fork, also known as the Shanghai upgrade, on April 12. This update has reduced the risk of staking the blockchain’s native token, ether (ETH), by allowing withdrawals of locked coins at will. This pivotal event has galvanized institutional interest in ETH futures trading.

    Since April 10, the number of active ether futures contracts trading on the Chicago Mercantile Exchange (CME) has risen by 39% to 6,248, according to official data. In U.S. dollar terms, open interest has increased by over 70% to $633 million. Coinglass data also shows that the tally reached a 12-month high of $675 million on Friday.

    Each futures contract has a value of 50 ETH and is quoted in US dollars per 1 ether. The recent surge in institutional interest in ETH futures trading suggests that more investors are willing to bet on the potential growth of Ethereum and its native token. This increased demand for futures contracts can also be attributed to the lowered risk of staking ETH due to the successful implementation of the Shanghai upgrade.

     The successful implementation of the Shapella hard fork has not only reduced the risk of staking ETH but has also boosted institutional interest in ETH futures trading. This is a positive development for Ethereum and its native token, as it signals growing confidence in the future growth of the cryptocurrency market.