After Nexo integration, NEAR increases 5%, defying the market trend.
Crypto

After Nexo integration, NEAR increases 5%, defying the market trend.

Following news that cryptocurrency exchange Nexo has incorporated the Near network, the price of NEAR, the native token of the Near Protocol, has increased by 5% over the past 24 hours. On that exchange, users can now deposit and withdraw NEAR. The significant gain occurs as the overall crypto markets are declining.

Despite today’s increase, NEAR is down 15% for the month. Recently, Tokenproof, a firm that links businesses with consumers through token-based interactions, announced a partnership with Near to integrate into the Near Protocol Blockchain Operating System, a platform for developers to create and communicate on. The Tokenproof software will allow users to connect their wallets and enable both online and offline experiences, according to the press announcement.