“In these challenging market conditions, the NEXO Token has moved consistently with the likes of BTC and ETH,” said Antoni Trenchev, Nexo co-founder and managing partner, in a press release. “Right now, our investors and clients require solid ground to walk on, and our third token buyback ensures this added stability as we emerge from the latest market roller coaster.”
Crypto Lender Nexo Allocates Additional $50M for Token Buyback Initiative
