2022 saw the implosion of numerous cryptocurrency lenders, perhaps none more devastating for investors than the Celsius crash. What followed was a year-long violent bear market with depressed prices and little to no actual activity within the industry.
Two years later, the landscape is entirely different. The entire market cap has more than tripled in the past several months, while BTC is closing on its all-time high against the dollar of $69,000.
During the Crypto Expo Conference in Bucharest, CryptoPotato had the opportunity to chat with Nexo’s Product Manager – Dimitar Bratovanov – and he explained what helped his company survive the lenders’ crisis, what are the latest products that the team has launched, how they work, how users can take advantage, which are the assets with the highest demand, and more.
Nexo Survived Because of Over-Collateralization
BlockFi and Celsius Network are perhaps the most well-known names from the crypto lenders’ space that went under during t
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