Nexo Australia launches credit lines at 21.9%

• Nexo Australia launched regulated crypto-backed Credit Lines after becoming a Credit Representative.
• Eligible clients can borrow Australian dollars or stablecoins against supported digital assets.
• Rates range from 0.9% to 21.9% annually, with no fixed term or origination fees.

Nexo Australia launched regulated crypto-backed Credit Lines after becoming a Credit Representative under Australian law.

The service lets eligible clients borrow against supported digital assets without selling them, while receiving Australian dollars or stablecoins.

Interest rates range from 0.9% to 21.9% annually, depending on the client’s loyalty tier and Credit Line version, with funds typically available within 24 hours.

The Credit Lines have no fixed term or origination fees, while Nexo Australia is not publicly listed and therefore has no share-price reaction to report.

Nexo Australia said the Credit Lines operate under the National Consumer Credit Protection Act and include consumer protections.

Nexo Australia is registered with AUSTRAC as a Virtual Asset Service Provider and is a member of the Australian Financial Complaints Authority.