Nexo re-enters the U.S. market three years after exiting due to regulatory issues
- Nexo has launched a suite of digital asset offerings in the U.S., partnering with Bakkt.
- The company withdrew from the U.S. in late 2022 after facing regulatory challenges, particularly regarding its Earn Interest Product.
- As of now, Nexo manages $11 billion in assets and has processed $371 billion in global transactions.
- Its new offerings include fixed and flexible yield programs, an integrated crypto exchange, and crypto-backed credit lines.
- Fiat on- and off-ramps are available through ACH and wire transfers for user convenience.
Nexo’s return to the U.S. market marks a significant shift following a “period of deliberate recalibration,” emphasizing its commitment to regulated environments. This move is part of Nexo’s broader global expansion strategy.
With $11 billion in assets under management, Nexo aims to provide compliant services that enhance portfolio management for retail and institutional clients alike.
