Written by Zoltan Vardaistaff writerReviewed by Yohan Yunstaff editor

Written by Zoltan Vardaistaff writer

Reviewed by Yohan Yunstaff editor

Nexo launches regulated crypto-backed credit in Australia

Latest NewsPublishedAug 19, 2026

Nexo introduced regulated, cryptocurrency-backed credit lines that allow users to access liquidity in Australian dollars or stablecoins by borrowing against their digital assets.

Nexo Australia introduced crypto-backed credit lines after becoming a credit representative under Australia’s National Consumer Credit Protection Act, the company stated in a Tuesday announcement shared with Cointelegraph.

The new credit lines allow eligible clients to borrow Australian dollars or stablecoins by using their cryptocurrencies as collateral without having to sell them.

Funds are generally available within 24 hours with flexible repayments, with no fixed term or origination fees. Interest rates range from 0.9% to 21.9%, depending on the credit line and the client’s loyalty tier.

Clients can choose between Smart and Standard credit lines, Peter Stanhope, general manager at Nexo Australia, told Cointelegraph.

“The main differences are in rates, asset selection, and how client collateral is managed if their [loan-to-value ratio] rises,” Stanhope stated.

Nexo stated borrowing against digital assets carries margin-call and liquidation risks, meaning clients could lose some or all of their collateral if its value falls.

The milestone makes Nexo one of the few crypto platforms to offer regulated crypto-backed credit lines to Australian users. In May 2026, Block Earner became the first crypto company in Australia to secure its own Australian Credit License from ASIC.

Nexo Australia is registered with the country’s anti-money laundering watchdog, AUSTRAC, as a virtual asset service provider and is a member of the Australian Financial Complaints Authority (AFCA).

Magazine: Why Australia’s $17B crypto opportunity depends on regulation

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Credits
• Loans
• Australia
• Nexo
• Cryptocurrencies
• Cryptocurrency Exchange
• Industry

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