NexoNEXO

The loyalty token of Nexo, a crypto lender founded in 2018; fixed supply of 1 billion.

Rank #84Since April 2018

Price on 31 Oct 2026

C$1.07 +4.1% since 31 Jul 2026 · 78.2% below its all-time high

The short version

NEXO is the token of Nexo, a crypto lending and savings company founded in 2018 by Antoni Trenchev and Kosta Kantchev. Holding it unlocks lower borrowing rates and higher savings tiers on Nexo's platform, and Nexo says part of its profits funds token buybacks and payouts. The company paid US$45M to settle with the SEC and US states in Jan 2023, left the US, and relaunched there on 16 Feb 2026. On 31 Oct 2026 one NEXO cost C$1.07. From 31 Jul 2026 to 31 Oct 2026 its price changed +4.1% in Canadian dollars, and it was 78.2% below its all-time high of C$4.92 set on 12 May 2021.^[1]

Facts checked 2 Nov 2026 · 12 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$1.59 (3 Nov 2025) · low C$0.9340 (6 Feb 2026) · -32.7%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$1.07	US$0.7660
30 Sep 2026	C$1.20	US$0.8433
31 Aug 2026	C$1.19	US$0.8557
31 Jul 2026	C$1.03	US$0.7323
30 Jun 2026	C$1.03	US$0.7227
31 May 2026	C$1.16	US$0.8395
30 Apr 2026	C$1.20	US$0.8843
31 Mar 2026	C$1.22	US$0.8778
28 Feb 2026	C$1.20	US$0.8795
31 Jan 2026	C$1.25	US$0.9244
31 Dec 2025	C$1.22	US$0.8901
30 Nov 2025	C$1.34	US$0.9570

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$1.07^[1]
3-month change: +4.1% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 78.2% below its high of C$4.92 (12 May 2021)^[1]
Market rank: #84, market value about C$1.1B^[1]
Kind: Token · Ethereum (ERC-20); also on Polygon, Fantom and other chains
Started: April 2018

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?NoFixed 1 billion supply; the 2018 contract has no mint function^[2]

Can anyone freeze or take coins from holders?NoNo pause, blacklist or balance-change function; GoPlus and the verified source agree^{[2, 3]}

Can the token's contract code be changed?NoFixed contract code on Ethereum, not a proxy^[3]

Is the supply capped?Yes1 billion maximum, fixed in the contract^[2]

Any scheduled unlocks in the next 12 months?NoAll contract vesting periods ended by 2022; remaining slots are withdrawable by Nexo at any time^[2]

Does a team or foundation hold over 10% of supply?YesAt least 44%: 35.4% in contract allocation slots plus 8.6% in the owner wallet^{[2, 3]}

Do network fees reach coin holders?YesNexo says a portion of profits goes to token buybacks and distributions^[4]

Main network hacked or halted in the past 2 years?NoNo exploit of the token contract or Nexo's platform in the DefiLlama hacks list^[5]

Is a regulator or court case targeting the coin itself?NoSEC (Jan 2023) and DFPI (Jan 2026) matters settled; the 2023 SEC case was dismissed 27 Feb 2025^{[6, 7, 8]}

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: Nexo (Nexo Capital Inc. and affiliates), founded 2018 by Antoni Trenchev and Kosta Kantchev; about 600 staff in 2025^[9]
Company-held tokens: 35.4% sits unwithdrawn in the contract's team, reserve, community and adviser slots; the owner wallet holds 8.6%^{[2, 3]}
Admin powers: The contract owner can withdraw vested allocation tokens; no mint, pause or blacklist function^{[2, 3]}
Regulators: SEC and state settlement US$45M (19 Jan 2023); California DFPI consent order 14 Jan 2026; Bulgarian probe closed Dec 2023^{[6, 7, 9]}

Supply

In circulation: 1.00B NEXO of a 1.00B maximum (100.0%)^[1]
Maximum: 1 billion NEXO, all minted in 2018; no mint function^[2]
Original split: Investors 52.5%, overdraft reserve 25%, team 11.25%, community 6%, advisers 5.25% (contract constants)^[2]
Unwithdrawn: 208.3M reserve, 98.4M team, 33.3M community and 13.7M adviser tokens remain in the contract's allocation slots^[3]
Largest wallets: Three unlabelled wallets hold 21.3%, 11.5% and 10.0%; 71,567 holders on 1 Nov 2026^[3]

Use and fees

Main use: Loyalty tiers at Nexo: lower borrowing rates, higher savings yields, free withdrawals; Platinum needs 10% of a portfolio in NEXO^[4]
Buybacks: Nexo says a portion of profits goes to token buybacks and distributions (Tokenomics 3.0); no amounts on the token page^[4]

Trading

Daily trading: About C$6.0M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 0.45% of its market value changes hands each day^[1]
20-week average: 3.5% below its 20-week average price^[1]
1-year change: -33.0% in C$^[1]^[10]
Thin trading: Typically under 1% of its market value trades in a day^[1]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later^[11]

Typical result: Median -25% after a year; 45% higher after two years
Lost half or more: 38% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found

On 14 Jan 2026 California's DFPI issued a consent order against Nexo Capital Inc., after a 2022 order and a 2023 settlement.^[7]
Nexo relaunched in the United States on 16 Feb 2026 after a three-year absence.^[9]
Nexo filed a US$3B claim against Bulgaria at ICSID in Jan 2024 after prosecutors dropped their 2023 investigation.^[9]
An SEC complaint of 6 Jun 2023 listed NEXO among 13 crypto asset securities; the SEC dismissed that case with prejudice on 27 Feb 2025.^{[12, 8]}

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.