Nexo has launched a zero-interest crypto lending product that allows Bitcoin and Ether holders to borrow against their assets via fixed term loans.
According to a company announcementthe product, called Zero-interest Credit, offers fixed-term loans to users holding Bitcoin (BTC) and ETH (ETH), with repayment conditions set in advance. Loans are settled upon maturity and can be repaid using stablecoins or collateral, depending on market conditions.
The offering expands a structured lending model that was previously only available through Nexo’s private and OTC channels, where it has facilitated more than $140 million in borrowing in 2025, according to the company.
Borrowers choose the loan amount and term in advance, with conditions that prevent liquidation before maturity and define the repayment range. At the end of the term, loans can be settled using stablecoins or collateral, with the option to renew under new terms.
Nexo is a crypto financial services company founded in 2018 that offers cryptocurrency-backed loans, trading and savings services to users in 150 jurisdictions.
In April 2025, the company announced that it would re-enter the American market after withdrawing at the end of 2022 and settling a case with the Securities and Exchange Commission for $45 million in early 2023.
Related: Babylon Receives $15M From a16z Crypto to Expand Native Bitcoin Lending
Defi loans increase in 2025
Crypto lending has evolved significantly since 2022, when companies like Celsius and BlockFi were widely blamed for amplifying market contagion and worsening the fallout from the crisis. FTX collapse.
In 2025, centralized lenders including Nexo, Ledn, Xapo Bank and Coinbase expanded their crypto loan offers in more conservative and fully collateralized structures, while decentralized finance (DeFi) protocols have also seen strong growth.
According to DefiLlama dataDeFi lending products grew from approximately $48.15 billion in total value locked (TVL) on January 1, 2025 to a peak of $91.98 billion on October 7, 2025.
Even though the market saw a downward trend after October 10 crypto liquidation eventactivity stabilized in November and total value locked (TVL) currently stands at approximately $66 billion.
The DeFi lending market is dominated by Aave, with over $22 billion in outstanding loans backed by over $55 billion in deposited assets, according to data from DefiLlama.
Morpho comes in second, supporting approximately $3.6 billion in outstanding loans backed by approximately $10 billion in provided liquidity.
Review: How crypto laws changed in 2025 – and how they will change in 2026
