Cryptocurrency platform Nexo will relaunch its services in the United States this Monday after a more than three-year absence. The company cited improved US regulatory clarity as the reason for its return. Its new US operations will offer yield programs, a spot exchange, crypto-backed loans, and a loyalty program through partnerships with licensed US providers, including infrastructure from Bakkt.
Cryptocurrency lender Nexo is set to relaunch its digital asset services and exchange in the US on Monday. The company exited the market in December 2022 following prolonged battles with state and federal regulators.
Nexo’s head of communications Eleonor Genova said the reboot is due to improved regulatory clarity for digital assets in the US. The platform will offer flexible and fixed-term yield programs, a spot exchange, crypto-backed credit lines, and a loyalty program for US users.
The trading infrastructure will be provided by the US-based digital asset platform Bakkt. “Nexo’s US offering is structured through partnerships with appropriately licensed US service providers,” Genova stated.
The new US operations will be based in Florida under a management team to be announced. Nexo first announced its re-entry plans during an exclusive April 2025 event that featured Donald Trump Jr. as a keynote speaker.
The company left the US market citing a hostile regulatory posture under former SEC chair Gary Gensler. It said at the time that decades of good-faith talks with regulators proved unproductive.
Nexo faced significant regulatory action over its “Crypto Earn” interest program. In January 2023, it agreed to a $45 million settlement with the SEC and a separate $22.5 million multi-state settlement.
Its return coincides with ongoing legislative efforts in Washington to define crypto regulation. The House passed the CLARITY Act in July, but the Senate Banking Committee has yet to advance it.
White House crypto adviser Patrick Witt recently said both sides must compromise for passage before November’s midterm elections. US Treasury Secretary Scott Bessent told CNBC that industry executive concerns have negatively impacted progress.
