Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Humanoids, AVs, and what’s next in AI hardware at Disrupt 2025

July 11, 2025

The Last Time This Happened Cardano Rose 55%, ADA Analyst Makes Bold Prediction

July 11, 2025

Bitcoin bull run wrecks shorts in historic liquidation

July 11, 2025
HIVE Digital Stock Rises on Bitcoin Surge, AI Pivot and Mining Milestones

HIVE Digital Stock Rises on Bitcoin Surge, AI Pivot and Mining Milestones

July 11, 2025

Opyn’s top minds defect to Coinbase in strategic shift toward onchain derivatives

July 11, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    The Last Time This Happened Cardano Rose 55%, ADA Analyst Makes Bold Prediction

    July 11, 2025

    Analyst: Skip Bitcoin FOMO, Altcoins Offer Better Gains Now

    July 11, 2025

    Chainlink Uptrend Weakening As Signs Of Fatigue Emerge: Why $14.20 Is Important

    July 11, 2025

    ETH Surges to $3,000 — Is There More Upside Ahead? (Ethereum Price Analysis)

    July 11, 2025

    Bitcoin MVRV Oscillator Predicts First Sell Pressure Level At $130,900 – Details

    July 11, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Markets » 72% YoY increase in crypto-backed borrowing reports Nexo
Markets

72% YoY increase in crypto-backed borrowing reports Nexo

Crypto Observer StaffBy Crypto Observer StaffJuly 11, 2025No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Digital assets platform Nexo reported a 72% year-over-year rise in crypto-backed borrowing through the Nexo Card as users choose to hold their assets instead of selling, as per the information shared with Finbold on July 10.

Nexo’s 2024 Card Report shows that over 100,000 Bitcoin (BTC) and 750,000 Ethereum (ETH) avoided being sold through users accessing the Nexo Card’s collateralized credit line. Weekly card transaction frequency jumped by 324% across the European Economic Area.

“Today, people don’t want to choose between their financial future and their present needs — and the Nexo Card reflects that,” noted Chief Product Officer Elitsa Taskova. “It’s empowering users to live fully without losing the potential of their assets. Whether it’s art, travel, or supporting a loved one, crypto is now part of everyday life.”

The Mastercard-powered Nexo Card won several 2024 awards from The Digital Banker, FinTech Breakthrough, and INATBA, including Best PayTech for Digital CX – Payments, Consumer Payments Innovation, and Most Exciting Payments Solution of the Year.

Usage growth and spending patterns

As mentioned earlier, the Nexo Card recorded a 72% rise in credit card mode usage compared to the previous year, alongside 203.3% growth in transaction volume and a 324% jump in weekly transaction frequency.

The growth occurs as traditional borrowing declines across Europe, indicating a shift toward crypto-backed lending alternatives.

Adoption grew particularly in Southern Europe. Usage increased during key cultural and commercial periods, averaging 223% growth across major seasonal events.

High-net-worth users spent 21% of their allocations on travel, while larger transactions typically supported long-term objectives like education and investment rather than everyday purchases.

Featured image via Shutterstock.

Read the full article here

Fintech
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

RWA Sector Smashes $25 Billion Barrier—72% Asset Holder Surge in Just 30 Days

July 11, 2025

Turkish Banks Can’t Remain Indifferent to Cryptocurrencies! Yapı Kredi Makes Major Cryptocurrency Move!

July 11, 2025

Kraken introduces local currency funding in Argentina (ARS) and Mexico (MXN)

July 11, 2025

Investment Company Ark Invest Did What It Always Does During a Rise! Made a Big Sell! Here Are the Details

July 11, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Humanoids, AVs, and what’s next in AI hardware at Disrupt 2025

July 11, 2025

The Last Time This Happened Cardano Rose 55%, ADA Analyst Makes Bold Prediction

July 11, 2025

Bitcoin bull run wrecks shorts in historic liquidation

July 11, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Analyst: Skip Bitcoin FOMO, Altcoins Offer Better Gains Now

July 11, 2025

Chainlink Uptrend Weakening As Signs Of Fatigue Emerge: Why $14.20 Is Important

July 11, 2025

ETH Surges to $3,000 — Is There More Upside Ahead? (Ethereum Price Analysis)

July 11, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.