Crypto: Crypto Services Platform Nexo Relaunches In The United States

Nexo exited the US in 2022, citing regulatory hostility toward the crypto industry from federal and state financial regulators.

Nexo is set to relaunch its digital asset services and crypto exchange platform in the US on Monday, more than three years after it left the market following battles with federal and state regulators.

Now, citing improved regulatory clarity for digital assets in the US, the rebooted Nexo platform will offer flexible and fixed-term yield programs, a spot cryptocurrency exchange, crypto-backed credit lines and a loyalty program for US users, Nexo head of communications Eleonor Genova told Cointelegraph.

The platform’s trading infrastructure will be provided by Bakkt, a US-based digital asset platform focused on serving institutional clients. Genova said:

The new US operations will be based in Florida and run by a management team to be announced soon, according to the company.

Nexo first announced plans to re-enter the US during an exclusive event in April 2025, which featured Donald Trump Jr., the son of US President Donald Trump, as a keynote speaker. At the event, Trump Jr. described crypto as the future of finance.

Related: Nexo to pay $500K fine to California regulator over ‘risky loans’

Nexo left the US market in December 2022 during the depths of the crypto bear market, citing the hostile regulatory posture toward the crypto industry under the leadership of former SEC chair Gary Gensler.

The company said it had decided to exit the US out of necessity after engaging in “good faith” conversations with US state and federal regulators over 18 months that did not move the needle.

“It is now unfortunately clear to us that despite rhetoric to the contrary, the US refuses to provide a path forward for enabling blockchain businesses,” the company said at the time.

Source: CoinTelegraph