Nexo Names Rossen Kostov Dispute Resolution Director
Rossen Kostov starts a new position at Nexo as Director Employment and Dispute Resolution. Read about his new role and career move.
Nexo Welcomes Rossen Kostov as Director of Employment and Dispute Resolution
Nexo has appointed Rossen Kostov as its new Director of Employment and Dispute Resolution.
In this role, Kostov will lead the company's work on employment matters and dispute resolution. His appointment marks a new step in his career as he joins Nexo.
Further details about Kostov's professional background and the scope of his responsibilities were not provided.
Nexo is a centralized digital asset wealth platform founded in 2018. It connects traditional financial services with cryptocurrency.
Core Services
- Nexo offers flexible and fixed-term savings accounts for digital assets and fiat currencies, with annual yields of up to 15% and daily payouts.
- Users can access instant loans and credit lines backed by cryptocurrency, including zero-interest options for Bitcoin and Ethereum. This lets them borrow without selling their holdings.
- The Nexo Exchange and Nexo Pro support spot trading in more than 100 cryptocurrencies, along with perpetual futures offering up to 100x leverage.
- Developed with Mastercard, the Nexo Card offers credit and debit modes, plus cashback of up to 2%.
- Private clients with $100,000 or more in assets can receive tailored relationship management. Nexo also provides services for businesses, including corporate accounts, prime brokerage, and payment gateways.
NEXO Utility Token
- NEXO token holders can qualify for higher savings rates, lower borrowing fees, and additional cashback through the loyalty program.
- Users can continue earning interest on NEXO tokens pledged as collateral for a loan.
Operations and Security
- Nexo operates in more than 200 jurisdictions. Since its launch, it has managed between $7 billion and $11 billion in assets under management and processed hundreds of billions of dollars in transaction volume.
- For custody, Nexo works with providers such as Ledger Vault and Fireblocks, which offer multi-signature cold storage. The platform also holds SOC 2 Type II and ISO security certifications.
