Nexo hires Citibank to advise on acquisitions during market turmoil

Crypto lending platform Nexo, says that its strong balance sheet means it can ride to the rescue to provide liquidity during the current market turmoil by acquiring the assets of struggling crypto firms.

In a blog post, Nexo announced that it is currently receiving advice from banking giant Citigroup (NYSE:) on how best to acquire the assets of insolvent crypto firms so that investors can regain access to blocked funds.