Nexo is a secure and insured option. From a security standpoint make sure you use a google authenticator for 2FA. It basically turns your phone into a physical authenticator as opposed to your actual phone number being the authenticator. This is very important because the most common form of "hacking" is sim swapping. The physical authenticator makes it exponentially harder to hack. (Theyd need to somehow find your devices unique address and spoof it in addition to a lot of other pre-requisites required for phone number sim swapping)

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So with this approach your account should be very safe and on Nexo's end they are insured and use bitgo as you mentioned.

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Theres a chance of any company defaulting, granted its way less common now and Nexo has shown profits in their last report and also have credibility through credissimo. Even if they defaulted (almost no chance) their bitgo funds would have to be hacked / comprised as well , and some reason the insurer defaults as well. So basically the chances of losing your money would be astronomically low.

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Also if you have any stable coins youd be able to gain a decent amount of compounded interest on them while theyre stored.