Axie Infinity arrives on Nexo exchange

Nexo Exchange officially lists GameFi's Axie Infinity Token (AXS) in exciting opportunity that opens doors to 36% interest yields! Coin Rivet

Axie Infinity has listed native AXS token for trading on the Nexo exchange in a move aimed at exciting AXS holders with interest yields.

The Nexo listing will enable investors to buy and sell AXS, alongside a new crypto interest suite model that opens the door for 36% yields on AXS holdings, with daily pay-outs. There are also plans afoot to introduce 0% APR borrowing for AXS holders.

As a prominent GameFi token, Axie Infinity’s arrival on the exchange forms part of a strategic focus at Nexo, which aims to contribute directly to stimulating in-game markets and includes the extension of sophisticated financial tools to the token’s ecosystem.

Nexo looks to Axie Infinity (AXS) as future of GameFi

Nexo has identified the metaverse as a key area of growth, and tips decentralised virtual worlds as the sector of GameFi that will drive forward serious innovations in gameplay mechanics and markets.

A number of trading pairs have been created for the AXS listing, which will enable users to directly trade AXS against BTC, ETH, USDT, EUR, and GBP – alongside facilities for direct card payment purchases of AXS tokens.

This is augmented by the opportunity to use AXS-backed crypto credit lines, which collateralise holdings for instant stablecoin loans for amounts up to $2m.

Read More: Nexo Booster delivers 3x leverage to Nexo exchange

Sam Cooling

London-based crypto journalist Sam Cooling studied at the London School of Economics (LSE) before working as a Data Technology Consultant for the Fairtrade Foundation. Coin Rivet combines his passion for technology writing with his zeal for the Decentralised Finance revolution. Sam loves providing daily regulatory and alt coin coverage. Outside of the crypto world Sam loves boxing, and spends his time working with NGOs in Zambia.