Reply To: Nexo – legit or scam?

#192062
James Barra
Moderator
    DayTrading.com Team

    Hi Crypto Killer,

    We scored Nexo 2.5/5 for Regulation & Trust.

    This is largely because, while a legitimate company, it’s a crypto exchange which typically operate with limited regulatory oversight.

    Also, there have been a number of high-profile firms that have gone under over the years leaving many customers out of pocket, think FTX, Genesis, BlockFi etc.

    In summary, it’s a legit firm but crypto exchanges by there very nature are high-risk.