Birds of a feather must flock together. Crypto lender Nexo is teaming up with Citigroup to create a mass consolidation of the crypto industry through mergers and acquisitions.
“We have been approached by multiple Wall Street banks and decided to officially explore the opportunities for acquisition to help stabilize our nascent industry," said Antoni Trenchev, Nexo's co-founder and managing partner.
The announcement states that Nexo is planning a mass consolidation of the crypto industry through mergers and acquisitions.that it was planning a buyout of Celsius, including assets “mostly or fully of collateralized loan receivables secured by corresponding collateral assets." Last week, Celsius appointed Citigroup to advise it on possible financing, following its decision to freeze withdrawals and transfers, according to a report byNexo's native token, NEXO, was recently trading at $0.6855, down 3.7% over the past 24 hours, according to
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