About Antoni Trenchev: Antoni Trenchev is the co-founder and managing partner of Nexo, a provider of instant crypto credit lines. He studied finance law at King’s College London and Humboldt University of Berlin. As a member of Bulgaria’s parliament, Trehchev advocated for progressive legislation to enable blockchain solutions for a variety of e-government services, most notably e-voting and the storage of databases in a distributed ledger.
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What Is Nexo (NEXO)?
Nexo is a cryptocurrency account that lets you borrow in USDC, USDT and 40+ fiat currencies. No fees, flexible repayments. Nexo claims you can earn up to 8% interest on crypto and up to 12% on stablecoins, paid out daily. With Nexo Borrow you can borrow cash or Stablecoins from 5.9% APR, without selling your crypto. The Nexo Card also lets you spend the value of your digital assets without having to sell them. Nexo carved a niche for itself with the launch of the Instant Crypto Credit Lines back in 2018. At the time there was no legitimate way to borrow against your digital assets, let alone one that gave you any assurance that your assets were safeguarded.