Nexo launches Dual Investment to earn yield and project prices in one interface
On November 29, 2023, crypto lender Nexo, expanded its product line with Dual Investment, a high-yield product featuring automated strategies for guaranteed earnings.
Inspired by traditional finance‘s structured products, it seamlessly aligns with Nexo’s customer-centric approach and acclaimed Earn suite, as per the latest information shared with Finbold.
Dual Investment is a focal point in the company’s commitment to catering to varied risk appetites and market exposure preferences. By combining Nexo’s yield-earning suite with its robust infrastructure, clients can act on their asset price projections at a future date and a price of their choosing.
This allows them to earn passive income, irrespective of the accuracy of their forecasts and market direction.
Who can use Dual Investment?
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Cryptocurrency enthusiasts seeking higher yields: Dual Investment offers an appealing option for users aiming to secure returns. It allows them to earn income while having the opportunity to implement their strategy of buying low or selling high without committing to extended investment horizons.
Astute investors in unpredictable markets: Dual Investment provides a chance to strengthen portfolios in uncertain market conditions. This solution offers a consistent income stream, enabling investors to navigate volatile markets and potentially execute transactions at advantageous prices.
Strategic approach of Dual Investment
What’s more, Dual Investment ensures a fixed interest rate when a strategy is subscribed. Featuring two well-defined investment approaches—Buy Low and Sell High—the product is designed to accommodate users’ diverse market perspectives and individual goals.
Tailored for individuals expecting a target price lower than the current market value, the Buy Low strategy enables users to use Tether (USDT) to purchase Bitcoin (BTC) or Ethereum (ETH) at the specified target and date.
Conversely, the Sell High strategy is crafted for users anticipating the target price to exceed the current market value, involving the sale of BTC or ETH for USDT at the target price and date.
“Dual Investment revolutionizes how users engage with BTC and ETH, offering a flexible, intuitive, yet sophisticated platform for predicting asset price movements, all while securing high yields. With the launch, Nexo also aims to showcase the same impeccable user experience that has become our hallmark. This product is a testament to our commitment to innovation and customer-centric design. At the same time, its yield-earning component simply enriches the comprehensive arsenal available to our users,” said Elitsa Taskova, Chief Product Officer at Nexo.
Alongside Nexo’s Fixed Term offering, which delivers high yields over a minimum of one month, the Dual Investment product offers clients a fresh avenue for earning substantial returns over shorter durations.
Nexo’s user-friendly interface, supported by robust infrastructure and a commitment to transparent business practices, has earned the trust of over 6 million customers, establishing it as a leading force in the digital asset landscape. The consistent application of these core principles empowers Nexo to confidently and enthusiastically introduce innovative products in the digital asset space.
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