💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Nexo Gains 35%, Becomes Best Daily Performer After Announcing Dividend Payment

Published 12/04/2018, 09:08 AM
Updated 12/04/2018, 11:02 AM
 Nexo Gains 35%, Becomes Best Daily Performer After Announcing Dividend Payment
GS
-

Nexo, a cryptocurrency in the top 60 coins by market cap as shown by Coinmarketcap data, gained on Tuesday 35.5% as of 11:52 UTC. The coin has demonstrated the largest daily gain in the last few months after announcing a dividend payment to Nexo token holders.

https://twitter.com/NexoFinance/status/1069607763360342018

Nexo is a cryptocurrency-backed loan platform that allows users to borrow fiat US dollars by using cryptocurrencies as collateral. To ensure the security of crypto funds, Nexo is partnering with Nexo partners with BitGo, a blockchain security firm backed by Goldman Sachs (NYSE:GS).

On Monday, Nexo announced that it would hold a dividend distribution worth $912,071. To become eligible for the dividend payments, investors have to go t...


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.