It is with great pleasure and a deep sense of accomplishment that we celebrate Nexo’s fifth anniversary. Exactly five years ago, on April 30, 2018, we embarked on a journey to revolutionize digital finance and provide a safe, secure, and sustainable way for our global clients to manage their assets.
Nexo was born amidst what we now frequently call a “sizable Bitcoin pullback” when we want to put things mildly, losing its $20,000 all-time high – initially in an abrupt 50% drop over 3 weeks, followed by a painfully grinding halt to $3,500 for the remainder of 2018.
It was right there that the Nexo platform and the world’s first crypto-backed loans came to be. BTC stood at $9,250 that day. In hindsight, those were some of the most arduous times in my professional journey. However, they provided our small team with invaluable lessons and taught us to emerge stronger from every market correction and industry upheaval all while maintaining our entrepreneurial spirit and unwavering integrity.
The First Five
Through it all, we have made great strides in the competitive and state-of-the-art crypto space, further solidifying our position as a leader in the industry. Looking back, we’ve come a long way since those early days. We’ve stayed true to our vision and mission to maximize the value and utility of digital assets, and we are proud of what we have accomplished.
- Perpetual Innovation
One of our greatest achievements – seamlesslessly integrating traditional and crypto financial products. The Nexo Card, Instant Crypto Credit Lines, and Earn Interest Product have all been ground-breaking innovations that have changed the way people manage, preserve, and grow their wealth.
- Responsible Risk Management
We have remained committed to sustainability, and our business model has allowed our clients to resist the pejorative effect of global economic influences over their savings and funds.
- Simple, Yet Smart User Experience
At Nexo, we believe that managing your wealth shouldn’t be a burdensome task. From the onset, we have been designing our products with an exceptional user experience in mind, making them intuitive and fully automated. This way, you can generate passive income and manage your wealth with complete freedom.
None of these transformative solutions would have been possible without your support. To our Nexo users, we want to extend our deepest gratitude for your trust in us. We hope that our products and services have helped you achieve your financial goals safely and securely.
Together, We Are (Crypto) Years Ahead
As we celebrate our 5th anniversary, we’re excited to continue on this journey with you.
The Nexo team came up with a little treat to celebrate our anniversary with our community (check your inbox in the coming days to find out). And I have to agree with them – looking back to 2018, it sure feels like a lot more than five years have passed. Who would have thought you’d be able to buy a property using Bitcoin as collateral? Or that Twitter would have Dogecoin as its logo? Or that someone would pay millions for an NFT and then use it to take out a loan?
I guess all of these developments are the reason why a year in crypto feels like nothing else…
In just five short years, Nexo has been instrumental in enabling people to liberate themselves from financial limitations. “Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.”
To you and every Nexo user – thank you for your trust. We hope you will continue to find comfort in using Nexo’s products and services. We remain committed to providing the highest standards of quality, innovation, and security in digital asset management.
Join us in celebrating this small anniversary and here’s to the next five years and many more beyond.
Co-founder and Managing Partner