Cryptocurrency Q&A
What is Nexo backed by?
What is Nexo backed by?
Daniela
Fri Oct 25 2024
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5 answers
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I'm curious about the assets or reserves that Nexo relies on for its stability and operations. I want to understand what backs Nexo and gives it value.
5 answers
JejuJoyfulHeart
Sun Oct 27 2024
To further bolster security, BitGo employs advanced authentication mechanisms. These measures ensure that only authorized individuals can access sensitive data and perform transactions.
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CryptoTamer
Sun Oct 27 2024
In addition to these security protocols, BitGo distributes assets geographically and organisationally. This means that even if one location or entity is compromised, the overall security of the assets remains intact.
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EclipseChaser
Sun Oct 27 2024
Nexo has selected BitGo as its custodian due to BitGo's impressive security measures.
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Riccardo
Sun Oct 27 2024
BitGo offers 100% cold storage technology, which is housed in bank-grade Class III vaults. This ensures that digital assets are kept offline and away from potential online threats.
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Stefano
Sun Oct 27 2024
The BitGo platform holds a SOC 2 Type 2 certification, which signifies that it has undergone rigorous audits and meets high standards for data security and confidentiality.
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