NEXO will pause ETH and ERC-20 deposits and withdrawals over Base from 17:30 to approximately 19:00 UTC on November 5th during the Denim network upgrade. Ethereum, Arbitrum, Optimism, Polygon and BSC will remain unaffected.
Refer to the official tweet by NEXO:
During the @base network upgrade, Denim, on Thursday, 5 November, Nexo will temporarily pause the processing of ETH and ERC-20 deposits and withdrawals over the Base network from 17:30 UTC to approximately 19:00 UTC.
Other supported networks (Ethereum, Arbitrum, Optimism,…
— Nexo (@Nexo) November 3, 2026
NEXO Info
Nexo is a prominent digital assets institution, focusing on maximizing the value and utility of digital assets. It offers a wide range of products including advanced trading solutions, liquidity aggregation from top venues, and tax-efficient asset-backed credit lines.
Its Instant Crypto Credit Lines allow users to obtain loans in fiat or stablecoins by using digital assets as collateral, supporting over 60 types of cryptocurrencies. Nexo also offers products like Earn Interest, providing daily payouts and compounding interest with flexible yields, and Nexo Pro, a trading platform with access to over 400 market pairs and features like Smart Order Routing for deep liquidity. The Nexo Card, developed in partnership with Mastercard, is a unique crypto-backed credit card allowing clients to spend their crypto’s fiat value without selling the assets.
The NEXO Token is an ERC-20, Ethereum-based token, serving as the platform’s native currency. It is crucial to Nexo’s Loyalty Program, offering token holders various benefits such as preferential borrowing rates, cash-back, free withdrawals, and enhanced yield rates. The token’s market presence is established through open market trading, enhancing its utility and value within the Nexo ecosystem.
