JP Morgan Announces Their Own Cryptocurrency
At Blockport, we’re very excited to announce our latest partnership with [Nexo](https://nexo.io/), a platform offering the world’s first crypto-backed loans.
As of today, Blockport users will be able to use the Nexo platform to get crypto loans, offering them another alternative to selling their cryptocurrencies for fiat currencies. Instead of selling their cryptocurrency assets, Blockport users can now keep their crypto, with all potential upsides, and leverage them to get instant access to cash.
[Nexo](https://nexo.io/) is the most advanced and trusted instant crypto lending provider on a global scale, servicing 40+ currencies across more than 200 jurisdictions. Nexo has provided tens of million of dollars worth of loans to an ever growing base of thousands of happy clients.
The platform is powered by [Credissimo](https://credissimo.com/), a leading fintech group that has been serving millions of customers across Europe for the past decade. Owing to their team’s more than 10 years of experience in online loan automation, Nexo is now officially the only crypto platform to provide fully automated loans on a global scale.
Additionally, Nexo successfully launched their Security Token Offering (STO) last year, raising well over 52 million USD. Like Nexo, Blockport is also planning a [multi-staged STO starting this March](https://blockport.io/sto). Find out more:
## Blockport and Nexo: Visions aligned
Since the onset, our vision at Blockport has been to bridge the traditional world of finance with the new digital economy. A core principle of this vision is user-centric design – offering our users a seamless user experience that allows them to smoothly participate in the world of cryptocurrencies.
These principles and company values align perfectly with those of Nexo, which continuously strives to offer their platform to users around the world in a way that is accessible, simple, and enjoyable. Based on the first-class user experience Nexo has built, the fully automated nature of its service, and the ever growing currencies supported, Nexo is making enormous steps in bridging the new digital economy with the traditional financial ecosystem of banking and lending.
With this in mind, the Blockport and Nexo partnership is built around the vision of complementary solutions being offered directly on both platforms.
[Read more here >](https://blog.blockport.io/blockport-partners-with-nexo/)
“This disrespect towards their community is generally one of the leading causes of ICO downfalls. This while, in fact, the biggest strength of any cryptocurrency is the power of a distributed effort where everyone works for the success of the project.”
LTO really want to build a community that helps build the rocket that gets us all to the moon, instead of a community of moonboys that provide no concrete value whatsoever.
See the full list of new countries here: [blog.blockport.io/blockports-global-expansion-1/](https://blog.blockport.io/blockports-global-expansion-1/)
Here’s the first batch in its totality once again:
* Hong Kong
* New Zealand
* South Africa
This expansion announcement is right on the heels of Blockport’s announcement of their upcoming fully compliant STO, which starts in March, their full 1.0 release and announcement that they’re adding XLM to the platform. More than 150 countries will be added to the platform – the next batch of countries to be onboarded will be announced in a week or two.
Blockport is a newcomer and casual trader-focused exchange with a unique value proposition including best priced trades across connected exchanges (e.g. Binance), on-chain wallets, multiple fiat gateways, social trading including automatic copy trading, a focus on end-user support and education, and a minimalistic and easy to use UI comparable to Coinbase. The BPT token has multiple use-cases on the platform and drives core features.