Nexus Mutual (NXM) Price
NXM RANK #291The price of Nexus Mutual (NXM) is calculated by aggregating the latest data across multiple exchanges and markets, using a global volume-weighted average formula. Since NXM was not traded in the last 24 hours, the price above is a reflection of the last recorded price. Learn more about how crypto prices are calculated on CoinGecko. Nexus Mutual is a decentralized insurance alternative that allows members to join and share risk. Members can purchase cover products that protect against different kinds of risk, such as smart contract risk for major DeFi protocols (Protocol Cover), ETH slashing risk, and more. Protocol Cover provides protection against a loss of funds due to hacks, exploit, oracle manipulation, liquidation failures, or governance attacks. The Nexus Mutual protocol is built on Ethereum and provides the infrastructure for members to buy cover, underwrite risk, assess claims, and build risk management businesses.
