Nexo has launched cryptocurrency-backed credit lines in Australia, allowing users to borrow in Australian dollars or stablecoins without selling their digital assets. Nexo Australia operates as a credit representative under the National Consumer Credit Protection Act and funds are typically available within 24 hours with no origination fees or fixed term. Interest rates range from 0.9% to 21.9% depending on the credit line and the client’s loyalty tier. This milestone makes Nexo one of the few crypto platforms to offer regulated crypto-backed credit lines to Australian users, alongside Block Earner which secured its own Australian Credit License from ASIC in May 2026. Borrowers face margin call and liquidation risks if the value of their collateral declines.
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