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CeFi platforms are collapsing like dominoes - but Nexo might be one of the few actually operating with strength. Can we believe that they're as healthy as they claim to be, and if so, will they become leaders in the space when it's all said and done?

00:00 - CeFi Crypto Contagion
2:19 - Nexo's Celsius Acquisition
3:32 - Nexo Overcollateralization
4:24 - Nexo Real-Time Audits
6:40 - How Strong is Nexo? (ACTUALLY)
8:57 - Watch Next

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I previously compared Nexo and Celsius as interest-earning platforms and decided I liked Celsius more, which is a decision that isn’t looking so good lately. It still feels too early to make any big decisions here, but I’m actively re-assessing the risks of all these CeFi platforms that I previously trusted without concern. Nexo is a platform that I’ve always liked, but fell just a little short of Celsius. While I don’t see myself ever going all-in on one of these platforms again, so far, Nexo seems to be doing the right things while red flags are appearing with many other platforms. And if their promotional materials are to be believed, they might become one of the bigger players in the space when it’s all said and done.

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This video is meant for informational purposes only, and is not a recommendation to buy or sell any security or cryptocurrency. It is also not a research report and should not serve as the basis for any investment decision. Additionally, I earn commissions for purchases and sign-ups made through the links above.