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Nexo hires Citibank to advise on acquisitions during market turmoil

Coin Telegraph LogoCoin Telegraph1w ago

Nexo hires Citibank to advise on acquisitions during market turmoil

Quick Summary

"We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms.

Nexo says it doesn’t have any exposure to 3AC.

Since the major drawdown on June 13, NEXO’s price has stabilized and is currently trading for $0.65, according to data from TradingView.


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Article Details

Author / Journalist: Cointelegraph By Tom Mitchelhill

Category: Crypto

Topics: Cryptocurrencies Citi Buyout Venture Capital Lending

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 06:47:06

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 2 minutes read

Article Length: 349 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 5678

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 13 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #11

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