2022 saw the implosion of numerous cryptocurrency lenders, perhaps none more devastating for investors than the Celsius crash. What followed was a year-long violent bear market with depressed prices and little to no actual activity within the industry.

Two years later, the landscape is entirely different. The entire market cap has more than tripled in the past several months, while BTC is closing on its all-time high against the dollar of $69,000.

During the Crypto Expo Conference in Bucharest, CryptoPotato had the opportunity to chat with Nexo’s Product Manager – Dimitar Bratovanov – and he explained what helped his company survive the lenders’ crisis, what are the latest products that the team has launched, how they work, how users can take advantage, which are the assets with the highest demand, and more.

Nexo Survived Because of Over-Collateralization

BlockFi and Celsius Network are perhaps the most well-known names from the crypto lenders’ space that went under during the 2022 market crash. Nexo, in contrast, was among the few representatives of that niche that survived, even though the firm had its own political issues with the Bulgarian government.

While speaking on the matter, Bratovanov said the main reason why Nexo survived and others didn’t was his company’s fundamentals. More specifically, he believes that over-collateralization – meaning that all loans his firm provides are backed by more assets than their actual value – is what made the difference.

Additionally, he asserted that Nexo’s risk management policy is conservative, which allowed the firm to stay afloat. Last but not least, the company strives to receive licenses and be aligned with regulators to avert similar crashes from happening.

Demand Is Back

While he admitted that user interaction had declined during the bear market, Bratovanov noted that demand for his company’s products is returning now, given the recent price increa