Nexo Australia Begins Offering Credit Lines Against Cryptocurrency Collateral
Nexo Australia has launched cryptocurrency-backed credit lines after receiving credit representative authorisation under Australia’s consumer credit framework.
Eligible customers can borrow Australian dollars or stablecoins against their digital assets, with advertised annual interest rates ranging from 0.9 percent to 21.9 percent.
The products are provided through licensed credit provider Avgi Pty Ltd, while Nexo Australia handles applications, account management and customer support.
Borrowers can retain their crypto holdings while accessing liquidity.
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