- Nebeus crypto start-up reports a three-fold increase in crypto-backed loans issued since the start of 2021 vs. all of 2020.
- The average loan size has increased by over 500%
- Nebeus app launches as seven new cryptocurrencies are added to the platform: USDT, USDC, DASH, Litecoin, Ripple, Stellar, and Bitcoin Cash.
Nebeus, one of Europe’s leading crypto platforms, has launched its user apps for iOS and Android this week. The apps feature all of the desktop platform’s services, including crypto-backed loans, crypto-renting for cash earnings, trading, and cryptocurrency insurance. The app launch follows rapid user activity growth since the start of 2021.
Now serving close to 100,000 users, the crypto start-up has reported a 231% increase in the number of crypto-backed loans issued since the start of the year, compared to 2020.
Michael Stroev, COO & Head of Product at Nebeus, explains: “In addition to the increase in the number of loans issued, our average loan size has grown by over 504% since the start of the year, with many users taking loans as big as £250,000. This growth shows a strong appetite from crypto owners to utilise their digital assets as collateral to gain access to cash and stablecoins to either pay for their expenses or to diversify their investment portfolios. By rolling out both our iOS and Android apps, Nebeus is now fully mobile.”
Since the apps were announced on Nebeus’s Website and desktop platform, downloads have surged by 729%.
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At the same time as launching the apps, Nebeus added seven new cryptocurrencies to their platform and plans to add many more. Currently, these include USDT, USDC, DASH, Litecoin, Ripple, Stellar, and Bitcoin Cash. Users can now secure crypto-backed loans in stablecoins, exchange multiple new trading pairs, as well as hold these new coins in their Nebeus accounts.
Nebeus has also launched two new crypto-renting programs for stablecoins, allowing users to rent their USDT and USDC and earn up to 12.85% per year. These new programs complement Nebeus’s Bitcoin and Ethereum programs, which offer rates as high as 6.75%. With these new additions, Nebeus now offers the highest rates for earning on crypto in the CeFi (Centralized Finance) crypto market.
Michael continues: “Many of our users invest in a diverse portfolio and utilise stablecoins to trade and leverage the benefits of cryptocurrencies while taking advantage of the stability that comes with being fixed to the U.S. dollar. Both USDT and USDC have been selected as our first stablecoins because they are the world’s most used and traded stablecoins. Together, their market caps total approximately $91.5bn, representing more than 80% of the entire stablecoin market.”
In addition to crypto-backed lending, trading, and crypto-renting, Nebeus’s apps and desktop platform offer a variety of unique services. Nebeus has one of the most diverse number of ways that users can deposit funds to their Nebeus accounts, and Nebeus also sells the world’s first cryptocurrency insurance for consumers.
Insurance for Bitcoin and Ethereum
Nebeus’s partnership with the leading digital asset trust and security company, Bitgo, enables users to purchase insurance for their Bitcoin and Ethereum. Prior to Nebeus launching this service, insurance for cryptocurrencies was only available for large institutions, but now, consumers and everyday investors can buy an insurance policy that will cover third-party hacks, copying, theft, and loss of private keys.
Free and instant cash deposits and free crypto transfers to other Nebeus users
Nebeus users can choose how to deposit funds to their accounts, and the list of options is abundant. Including, transfers on the blockchain, free bank transfers, deposits using bank cards, free instant deposits using supercharged direct payments, and money deposits at retail locations called cash collection points. Nebeus users can also send crypto to other Nebeus users for free, that they will receive instantly.
With its app release, Nebeus gives people a fully mobile one-stop-shop cryptocurrency platform for all of their borrowing, earning, trading,
and securely holding needs.
Nebeus plans to add more new cryptocurrencies and services to its apps in the near future.
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