Nexo a angajat Citibank pentru a oferi consiliere cu privire la achiziții în timpul recesiunii pieței PlatoBlockchain Data Intelligence. Căutare verticală. Ai.

Nexo a angajat Citibank pentru a oferi consiliere cu privire la achiziții în timpul recesiunii pieței

Marca temporală: 23 iunie 2022 11:58

Nexo hired Citibank to advise on acquisitions during the recent market downturn and also said its strong balance sheet means it can provide liquditiy by acquiring assets of struggling crypto companies so let’s read more today in our ultimele știri despre criptomonede.

Lending platform Nexo hired Citibank to advise on acquisitions during the latest market downturn and said that it is able to ride the rescue wave and provide liquidity during the market turmoil by acquiring the assets of the struggling crypto companies. Nexo announced that it will receive advice from CitiGroup on how to acquire the asset of insolvent crypto companies so that investors can regain access to the blocked funds.

Last Week, Antoni Trenchev the co-founder of Nexo said that the current crypto crash reminds him of the Panic of 1907 when most Wall Street institutions were forced to bail out other struggling companies:

„Acest lucru îmi amintește, sincer, de panica bancară din 1907, în care JP Morgan a fost forțat să intervină cu propriile sale fonduri și apoi să-și mobilizeze toți acei tipi care erau solvabili pentru a remedia situația.”

Ex-Citi Digital Asset Executives , motus, capital, crypto,

In the blog post Nexo boasted that it always runs a sustainable busienss model which didn’t engage in risky lending practices and now occupies a position of the unmatched stability whcih means that it is uniquely placed to step into the breach and help shore up the struggling companies:

„Criptospațiul este pe cale să intre într-o fază de consolidare în masă care a început deja cu jucătorii solvabili rămași, cum ar fi Nexo, exprimându-și disponibilitatea de a achiziționa activele companiilor cu probleme de solvabilitate pentru a furniza lichiditate imediată clienților lor și ajutor pentru întreaga industrie.”

The post revealed that Nexo already made contact with a number of struggling crypto companies in private and offered more ways to provide liquditiy assistance. Nexo announced that it was prepared to acquire some of the Celsius outstanding loans after revelations that the lending platform suffered a majority liquditiy crisis. On the same day, Nexo’s NEXO token dropped 25% and fell to a new yearly low of $0.61 per token with fears of major DEFI contagion echoing through the market. Three days later, the contagion fears were reignited as the investment company Three Arrows Capital failed to meet the margin calls and suffered a loss of $400 million in liquidation.

Nexo said it doesn’t have exposure to Trei săgeți capitale and unlike most embattled companies, Nexo has 100% liquidity to meet the $4.96 billion worth of debt obligations since the major drawdown on Juen 13, Nexo’s price stabilized and it is trading for $0.65.

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