Nexo Australia has launched crypto-backed credit lines, allowing eligible customers to borrow Australian dollars or stablecoins against supported digital assets.
The launch on August 19 follows Nexo Australia becoming an authorised credit representative under Australia’s consumer credit framework. The company operates under Credit Representative Number 580430, while its regulated credit products are serviced by Avgi Pty Ltd, which holds Australian Credit Licence 567308.
Nexo secures a lending authorisation in Australia, one of very few digital asset platforms to do so.
Introducing our pioneering Credit Lines: borrow against your crypto without selling it, with payouts in AUD or stablecoins, fast assessment process, and no fixed term.
— Nexo (@Nexo) August 19, 2026
Nexo brings crypto-backed borrowing to Australian users
Customers can access funds without selling their crypto, with Nexo saying loans are typically available within 24 hours. Advertised annual interest rates range from 0.9% to 21.9%, depending on the product and customer loyalty tier.
The credit lines have no fixed term or origination fee, while customers can make flexible repayments and swap eligible collateral without closing the facility.
Nexo’s regulated loans are provided by Nexo Individual Loans Pty Ltd. Nexo Australia manages applications, accounts and customer support, while Avgi provides the licensed credit services.
The company is also registered with AUSTRAC as a digital currency exchange provider and is a member of the Australian Financial Complaints Authority.
What happens to the credit lines if crypto prices fall?
Crypto-backed lending comes with the risk that falling collateral values can trigger additional collateral requirements or liquidation. Customers could therefore lose pledged assets if their positions no longer meet the required conditions.
Nexo has also introduced Booster, allowing eligible users to increase exposure to a digital asset by up to three times. The additional assets are used as collateral, meaning losses can grow faster when prices move against the borrower.
Australia’s MoneySmart has previously warned that borrowing against investments can increase losses during market declines.
Nexo revives yield products as competition grows
Alongside credit, Nexo has brought back its yield offering under the name Nexo Growth, advertising returns of up to 10% annually on selected assets.
Flexible Growth allows daily returns and withdrawals, while Fixed Term Growth offers potentially higher rates for customers who lock assets for a set period. Nexo says returns are not guaranteed, and the product is not a bank deposit or protected by capital guarantees.
The move comes as Australia’s crypto finance sector develops, following the country’s first Bitcoin-backed home loan. Nexo is targeting broader liquidity needs rather than property financing.
Earlier on, Australia’s highest court handed a major victory to the country’s financial regulator, ruling that crypto platform Block Earner’s former fixed-yield product should have been operated under a financial services licence
How are Australian crypto users reacting to this launch?
Early reactions from Australian crypto users have been largely positive, with some welcoming Nexo’s move as another step toward making crypto-backed borrowing more accessible locally. Discussions among Nexo users have also focused on practical issues, including access to product documents, AUD support and whether other Nexo services, such as its crypto card, will become available in Australia.
At the same time, the launch has drawn questions about how the products will work under Australia’s regulatory framework. Users are paying close attention to interest rates, collateral requirements and the risks of liquidation, particularly as Nexo expands both its borrowing and leveraged products in the market.
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