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Organisation

Nexo

4 placements on ChainChoice under Nexo, each scored against its own category's pool and criteria — none currently #1. The placements are not averaged and not ranked against each other: a #1 exchange and a #6 crypto card are two different products in two different markets.

Crypto Cards
Nexo Card
Rank#3 OverallScore69

#1 in this category: ether.fi Cash

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Crypto-Backed Loans
Nexo
Rank#4 OverallScore53

#1 in this category: Figure

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Crypto Neobanks
Nexo
Rank#6 OverallScore43

#1 in this category: Revolut

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Stablecoin Yield
Nexo Earn (stablecoins)
Rank#8 OverallScore41

#1 in this category: Spiko (USTBL / EUTBL)

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Crypto Cards
How you can lose money here, and what the ranking scores
  • Regulatory failure: no licence where you are, or a forced market exit.
    Scored by Whose licence is actually behind this card, and will they even tell me their name? · 21% (Nexo Card 6/10)
    Scored by Does buying a coffee create a taxable disposal, and will they hand me the record? · 20% (Nexo Card 8/10)
  • Exit failure (Nexo Card 9/10): you cannot get out at par, on time, or with what is yours.
    Scored by Will this card still work next month, and who has to fail for it to stop? · 26%
Not assessed by this ranking: Control failure, Liveness failure, Custody failure, Insolvency failure, Execution failure, Information failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: What does one swipe abroad actually cost me, and can I work that out before I sign up? (33%).
Crypto-Backed Loans
How you can lose money here, and what the ranking scores
  • Oracle failure (Nexo 1/10): a wrong price or outcome liquidates or settles a position.
    Scored by Who sets the price that liquidates you, how long do you really get, and can they sell without telling you? · 26%
  • Insolvency failure (Nexo 1/10): the firm or issuer that owes you cannot pay.
    Scored by If the lender fails, is it your bitcoin or theirs — and what may they do with it before then? · 34%
  • Regulatory failure (Nexo 2/10): no licence where you are, or a forced market exit.
    Scored by Which entity actually becomes your creditor, and does a register say it may lend? · 18%
Not assessed by this ranking: Control failure, Liveness failure, Custody failure, Execution failure, Exit failure, Information failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Can you compute your total cost, at your tier, before you apply? (22%).
Crypto Neobanks
How you can lose money here, and what the ranking scores
  • Insolvency failure: the firm or issuer that owes you cannot pay.
    Scored by Fiat covered by a real deposit guarantee · 35% (Nexo 1/10)
    Scored by What happens to your coins if they fail · 25% (Nexo 3/10)
  • Regulatory failure (Nexo 2/10): no licence where you are, or a forced market exit.
    Scored by Verified authorisation on both legs · 25%
Not assessed by this ranking: Control failure, Liveness failure, Custody failure, Execution failure, Exit failure, Information failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Computable conversion cost (15%).
Stablecoin Yield
How you can lose money here, and what the ranking scores
  • Insolvency failure (Nexo Earn (stablecoins) 2/10): the firm or issuer that owes you cannot pay.
    Scored by What actually pays the yield · 30%
  • Regulatory failure (Nexo Earn (stablecoins) 6/10): no licence where you are, or a forced market exit.
    Scored by Access reality · 24%
  • Exit failure (Nexo Earn (stablecoins) 2/10): you cannot get out at par, on time, or with what is yours.
    Scored by Redemption & claim quality · 26%
Not assessed by this ranking: Contract failure, Control failure, Liveness failure, Custody failure, Execution failure, Information failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Conditions on the headline rate (20%).