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The cryptocurrency market has witnessed a range of movements with Nexo, a digital asset financial services provider, seeing its market capitalization reach $425.99 million after a weekly increase of 4.7%. Nexo's token price rose to $0.76 or the equivalent of 0.00002007 BTC, with daily trading volumes amounting to $4.11 million.

The broader crypto market showed varying performance among different tokens:

Nexo was founded by Nexo AG in Zug, Switzerland in 2017 and officially started on April 1st, 2018. It has over half of its one billion token supply in circulation. The platform offers financial services that allow customers to borrow against their digital assets. Additionally, Nexo provides up to 12% annual interest on held NEXO tokens and offers benefits through its Loyalty Program such as improved yields, better borrowing rates, and free withdrawal privileges.

The company encourages active participation from its token holders through various social media platforms like Reddit, Github, Twitter, and Facebook (NASDAQ:META) for community engagement and updates on its services and developments.

https://www.investing.com/news/cryptocurrency-news/nexo-market-cap-hits-42599-million-amid-diverse-crypto-movements-93CH-3242847