Buy Synthetix.

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1 SNX0.705 USD *
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Synthetix (SNX) price performance.

The current Synthetix price is $0.71 as in the last 24 hours its value has changed by 1.20%. Synthetix ranks number 308 in terms of market capitalization. Synthetix is a cryptocurrency you can buy, sell, or exchange on the Nexo platform.

What is Synthetix (SNX)?

Synthetix (SNX) is the native token of Synthetix, a decentralized liquidity protocol that enables the creation and trading of synthetic assets — on-chain representations of real-world assets such as currencies, commodities, equities, and cryptocurrencies. Built initially on Ethereum and now expanding to Optimism, Synthetix provides permissionless access to asset exposure without the need to hold the actual underlying asset.

At the core of the Synthetix ecosystem is a system of collateralized debt positions. Users stake SNX to mint synthetic assets (called “Synths”), which track the value of external assets through decentralized oracles. This system allows for decentralized trading of everything from fiat currencies to crypto indices — all on-chain and without traditional intermediaries.

The SNX token is essential for securing the protocol. When users stake SNX, they take on debt proportional to the Synths they mint and earn rewards from trading fees generated on Synthetix-integrated platforms like Kwenta, Polynomial, and others. SNX also functions as a governance token, with holders participating in protocol upgrades and policy decisions via the Synthetix DAO.

SNX is currently priced at $0.71, with a market capitalization of $241,875,343. The token reached its all-time high of $28.53 on February 14, 2021. There are 343,466,217 SNX tokens in circulation, from a total supply of 343,889,850.1, and a maximum supply of 343,889,850.1.

Synthetix introduced a simplified SNX staking model in May  2025, allowing users to earn rewards from protocol revenue without managing debt positions . The protocol also migrated Perps V4 back to Ethereum mainnet in June  2025, adding an off-chain matching engine to reduce gas costs while keeping on-chain settlement. Additionally, Synthetix distributes weekly incentive rewards and occasional treasury grants — like the STP‑8 integrator program — to support ecosystem development.

Buy Synthetix via credit or debit card directly through Nexo, or choose another supported payment method for access. If you’re ready to proceed, head over to the Nexo Exchange and buy SNX.

Optimize the value of your Synthetix.

Exchange

Swap assets for SNX with fixed price execution on Nexo’s crypto exchange.

Credit Line

Borrow funds from 2.9% interest without selling any of your Synthetix.

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Send Synthetix

Make free Synthetix transfers to your family or friends as long as they have a Nexo account.

Purchase SNX in 3 steps.

After verifying your account:

1. Select an asset

Click on the “Buy” button on your Dashboard and select the desired asset.

2. Enter an amount

Select the amount you want to buy and choose your payment method.

3. Complete the purchase

Preview your transaction details, and confirm the purchase. It's that easy!
Buy Synthetix

Why choose Nexo to buy Synthetix?

Buy seamlessly

Purchase SNX with card or bank transfer and get crypto cashback.

Optimal pricing

Get competitive rates across top 10 exchanges.

Peace of mind

Benefit from robust infrastructure built for long-term stability.

Earn Interest

Hit your long-term targets with up to % interest, while maintaining the value of your assets through consistent, compounding returns.

Find answers to all your questions about Synthetix.

What is Synthetix (SNX)?

Synthetix is a decentralized protocol that enables the creation and trading of synthetic assets — tokens that mirror the value of real-world assets such as cryptocurrencies, commodities, or indices. These assets are backed by collateral in the form of the SNX token and are traded on Synthetix-powered platforms. SNX is the native token used for collateralization, governance, and incentivizing network participation.

How does Synthetix work?

Synthetix works by locking SNX tokens as collateral in smart contracts. This collateral backs the issuance of synthetic assets, known as Synths, which track the price of external assets through decentralized oracles. Users can trade Synths without the need for direct exposure to the underlying assets.

What does SNX coin do?

SNX is used to:

  • Collateralize and issue synthetic assets
  • Participate in governance decisions
  • Earn rewards through staking and protocol incentives

How to buy Synthetix (SNX)?

To buy SNX on Nexo:

  1. Log in to your Nexo account
  2. Visit the Synthetix page
  3. Select your payment method
  4. Enter the amount and confirm the purchase

You can buy SNX using crypto, debit/credit card, or bank transfer — depending on your region.

Where to buy Synthetix (SNX)?

SNX is available on major crypto exchanges. On Nexo, you can purchase SNX directly with multiple payment options and manage it alongside your other assets.

How to stake Synthetix (SNX)?

You can stake SNX by locking it as collateral in the Synthetix protocol via the staking interface or supported wallets. Stakers earn rewards in the form of fees generated by trading activity and protocol incentives.

How to earn SNX?

SNX can be earned through staking, which rewards participants with a share of protocol fees and incentive distributions. The exact rewards depend on the amount staked and overall network activity.

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