Nexo launches dual-mode crypto card with borrowing and spending features
Nexo (NEXO)
Editor:
Eugene Serbin
Traders Union reports that Nexo has introduced a dual-mode crypto card accessible through its mobile application. The card allows users to spend digital or fiat assets directly in Debit Mode or borrow fiat against crypto holdings without selling in Credit Mode. Cardholders can earn up to 2% crypto cashback on purchases made in Credit Mode, depending on their Loyalty Tier.
Unspent balances accrue interest at rates of up to 13% annually, varying by region. The card is accepted globally on the Mastercard network and supports Apple Pay and Google Pay. Users can customize asset spending priority and enjoy fee-free ATM withdrawals within set limits.
Security features include instant card freezes and biometric locks. In Argentina, new clients receive 10% cashback on their first use and fee-free foreign transactions. Corporate accounts are not eligible, but personal users can activate a virtual card or order a physical one via the app. Nexo, established in 2018, integrates custodial services, exchange functionality, and crypto-backed lending within a single ecosystem.
How the market reacted
Whalio's own Binance spot order flow for NEXO, measured when this story was written up on 28 September 2026. Not the outlet's figures.
Nexo (Nexo) is trading at $0.8770, with a 1-hour buy ratio of 62.5% and a 4-hour buy ratio of 54.1%. These short-term readings are significantly higher than the 24-hour buy ratio of 36.8%, indicating that buying pressure is building in the immediate term. The 1-hour volume delta is positive at +$13,501, and the 4-hour delta is +$15,638, showing net inflows over these shorter periods. However, the 24-hour volume delta is -$159,101, meaning that over the full day, more volume was sold than bought. The Cumulative Volume Delta (CVD) for the 24-hour close is -$132,909, confirming that sellers dominated the day's activity despite recent short-term buying. Spot volume for the day was $600,744 across 4,797 trades.
The latest daily buy ratio of 53.6% sits at the 86th percentile of the last 322 days, against a median of 50.2% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for NEXO, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.7%, making today’s 24-hour ratio of 36.8% notably lower by 12.9 percentage points. This suggests that today has been an unusual day for the coin, with weaker buying interest compared to the weekly norm. Volume was 0.94x the average, indicating slightly lower activity than usual. The price changed by +5.7% over the last 8 days, while the total volume delta for that period was -$97,080. Net buying occurred on 4 of the 7 days in the preceding week.