--- title: Nexo Doubles Earn on Crypto Interest Rates | ITWeb description: Nexo, the leading regulated financial institution for digital assets, today announced a two-fold increase on savings interest rates for cryptocurrencies BTC, ETH, XRP, BCH, LTC, EOS, LINK, XLM, TRX, and PAXG, offering yields of up to 8% APY through its Earn on Crypto product. image: https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/QRBkfH3LjaTOeln1wQQbQdqprEugEEiEKSAr_3M-bionxzSTRj3Kaj3tB9uDb2gw7UJnMgWWR7vNueC9QHWg1Xk0=w816-h428.jpeg --- [![vast.png](https://hubspot.obscuretech.net/hs-fs/hubfs/ObscureLogo-02.png?width=1000&height=354&name=ObscureLogo-02.png "vast.png")](http://www.obscuretech.net) Open main menu Close main menu - [Technology Partners](https://obscuretech-6344971.hs-sites.com/technology-partners) Open the submenu - [BeyondTrust](https://obscuretech-6344971.hs-sites.com/beyondtrust) - [Cybereason](https://obscuretech-6344971.hs-sites.com/cybereason) - [Forescout](https://obscuretech-6344971.hs-sites.com/forescout) - [Gytpol](https://obscuretech-6344971.hs-sites.com/gytpol) - [Netskope](https://obscuretech-6344971.hs-sites.com/netskope) - [OKTA](https://obscuretech-6344971.hs-sites.com/okta) - [OneTrust](https://obscuretech-6344971.hs-sites.com/onetrust) - [Palo Alto Networks](https://obscuretech-6344971.hs-sites.com/palo-alto-networks) - [Pentera](https://obscuretech-6344971.hs-sites.com/pentera) - [Proofpoint](https://obscuretech-6344971.hs-sites.com/proofpoint) - [Radware](https://obscuretech-6344971.hs-sites.com/radware) - [RiskIQ](https://obscuretech-6344971.hs-sites.com/riskiq) - [Rubrik](https://obscuretech-6344971.hs-sites.com/rubrik) - [Splunk](https://obscuretech-6344971.hs-sites.com/splunk) - [Tenable](https://obscuretech-6344971.hs-sites.com/tenable) - [Trend Micro](https://obscuretech-6344971.hs-sites.com/trend-micro) - [Obscure Blog](https://hubspot.obscuretech.net/blog) - [About Us](https://obscuretech-6344971.hs-sites.com/about-us) - [Contact Us](https://obscuretech-6344971.hs-sites.com/contact-us) # Nexo Doubles Earn on Crypto Interest Rates [ITWeb](https://hubspot.obscuretech.net/blog/author/itweb) [Share this blog post on Twitter](https://twitter.com/intent/tweet?text=I+found+this+interesting+blog+post&url=https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/kzqenvjvm9qvzd2r) [Share this blog post on Facebook](http://www.facebook.com/share.php?u=https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/kzqenvjvm9qvzd2r) [Share this blog post on LinkedIn](http://www.linkedin.com/shareArticle?mini=true&url=https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/kzqenvjvm9qvzd2r) ![](https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/QRBkfH3LjaTOeln1wQQbQdqprEugEEiEKSAr_3M-bionxzSTRj3Kaj3tB9uDb2gw7UJnMgWWR7vNueC9QHWg1Xk0=w816-h428.jpeg) ![Nexo's newly released Earn UP and Earn in NEXO features deliver interest rates of up to 12% APY to the platform's clients. (Photo: Business Wire)](https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/QRBkfH3LjaTOeln1wQQbQdqprEugEEiEKSAr_3M-bionxzSTRj3Kaj3tB9uDb2gw7UJnMgWWR7vNueC9QHWg1Xk0.jpeg) Nexo's newly released Earn UP and Earn in NEXO features deliver interest rates of up to 12% APY to the platform's clients. (Photo: Business Wire) [Nexo](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnexo.io&esheet=52315782&newsitemid=20201028005868&lan=en-US&anchor=Nexo&index=1&md5=ad404098100ecbbb6b43a55db41d44b9), the leading regulated financial institution for digital assets, today announced a two-fold increase on savings interest rates for cryptocurrencies BTC, ETH, XRP, BCH, LTC, EOS, LINK, XLM, TRX, and PAXG, offering yields of up to 8% APY through its [Earn on Crypto](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnexo.io%2Fearn-crypto&esheet=52315782&newsitemid=20201028005868&lan=en-US&anchor=Earn+on+Crypto&index=2&md5=fb7557bb13db32a9db16077459fdb205) product. This press release features multimedia. View the full release here: [https://www.businesswire.com/news/home/20201028005868/en/](https://www.businesswire.com/news/home/20201028005868/en/)  The substantial hike constitutes a 1% bump in savings interest rates on all supported cryptocurrencies, bringing rates for these assets up to 6% APY. The introduction of Earn in NEXO offers an extra 2% APY for savings in all digital and fiat assets the Nexo platform carries, respectively bringing maximum interest rates for the Earn suite to 8% and 12% for cryptocurrencies, and fiat and stablecoins. The addition of Earn in NEXO to the company’s lineup – a feature allowing clients to collect interest in Nexo’s native token, regardless of the assets held and their volume – also marks the launch of the company’s *[Nexonomics](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnexo.io%2Fnexonomics&esheet=52315782&newsitemid=20201028005868&lan=en-US&anchor=Nexonomics&index=3&md5=cbcec8ae278f469128ebb00f5743b36d)* campaign. “With volatility rife around the second COVID wave and exacerbated by the US elections, we want to give our clients the financial stability and opportunities to guarantee their peace of mind – now and for the future. Few financial service providers can offer this. That Nexo can raise interest rates and scale up the NEXO’s tokenomics in times like these confirms how vital it is to maintain a sustainable business model and the importance of a market-neutral strategy,” said Nexo Co-founder and Managing Partner Antoni Trenchev. The interest rate increase and Earn in NEXO launch are the first of a series of announcements under the lender’s *Nexonomics* initiative, devised to expand Nexo’s tokenomics model and boost [NEXO](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fsupport.nexo.io%2Fhc%2Fen-us%2Farticles%2F360007514459-How-to-buy-NEXO-Tokens-to-Earn-30-Dividends-using-Nexo-platform&esheet=52315782&newsitemid=20201028005868&lan=en-US&anchor=NEXO&index=4&md5=86cb4708a5a92ad25ced5b5d1cf8cb9e), the enterprise’s token utility and value, while simultaneously amplifying the potential of the Earn on Crypto & Fiat suite. The full scope of Nexonomics, including a variety of upcoming upgrades and functionalities, will be revealed within December 2020. Previously, Nexo interest rates ranged between 4% and 5% on cryptocurrencies, and 8% to 10% on fiat and stablecoins. The launch of *Nexonomics* also comes hot on the heels of several upgrades to Nexo's [Earn on Crypto](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnexo.io%2Fearn-crypto&esheet=52315782&newsitemid=20201028005868&lan=en-US&anchor=Earn+on+Crypto&index=5&md5=d77a5d87f85762cd3f15fb5b720b24bc) & [Fiat](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnexo.io%2Fearn-fiat&esheet=52315782&newsitemid=20201028005868&lan=en-US&anchor=Fiat&index=6&md5=918489dd7850de993fe5a5efc7618107) suite, including the decision to introduce a PAX Gold earn offering to satisfy the community's interest in tokenized gold.  ### Leave a Comment ## Related Articles [![](https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/Qj2EGa8WHwdu5oEalvbl8OxOQXvXXU0qTN71p0BosRGNvuDj4POQ0k031RhEa_wOOCqnU0QzSkLBfeRPrX81PA=w816-h428.jpeg)](https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/rayaymodpgdqj38n) ### [Tesla willing to accept Bitcoin if miners utilise clean energy](https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/rayaymodpgdqj38n) [ITWeb](https://hubspot.obscuretech.net/blog/author/itweb) [Read More](https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/rayaymodpgdqj38n) [![](https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/WM1BpYCNSn3y983huzg9hh-Izzp-ogTYy0FbYMhasGw41j-ip-O7vDsfDM48boXhCXpw4mR_AGDE5kl915a4f2Yb=w400-h210.jpeg)](https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/kzqenqjvmxbqzd2r) ### [The opportunity quadrant: Four parts to Industry 4.0 success](https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/kzqenqjvmxbqzd2r) Phil Lewis, Infor VP Solution Consulting, EMEA [ITWeb](https://hubspot.obscuretech.net/blog/author/itweb) [Read More](https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/kzqenqjvmxbqzd2r) #### About - [Privacy Policy](https://obscuretech-6344971.hs-sites.com/privacy-policy) - [Company Documents](https://obscuretech-6344971.hs-sites.com/company-documents) - [Blog](https://hubspot.obscuretech.net/blog) - [Contact Us](https://obscuretech-6344971.hs-sites.com/contact-us) #### Find Out More - [Training](https://obscuretech-6344971.hs-sites.com/training) - [Vendor](https://obscuretech-6344971.hs-sites.com/technology-partners) [info@obscuretech.net](mailto:info@obscuretech.net) [+27 12 941 2032](tel:0129412032) Block B, Unit 2, Top Floor, Southdowns Office Park, 21 Karee Street, Irene, Centurion, 0157 [Follow us on Facebook](https://www.facebook.com/obscuretech/) [Follow us on LinkedIn](https://www.linkedin.com/company/12905777/) [Follow us on Twitter](https://twitter.com/obscuretechsa) [Follow us on Instagram](https://www.instagram.com/obscuretech) © 2021 Obscure Technology (Pty) Ltd. 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