Nexo Re-enters U.S. Market with Expanded Crypto Financial Services

Crypto lender Nexo has resumed its operations in the United States after exiting the country in 2022. The announcement was made during an exclusive business event attended by influential figures, including Donald Trump Jr., Gila Gamliel, Israel’s Minister of Innovation, Science, and Technology, and Nexo’s co-founder, Antoni Trenchev.

Nexo returns to the U.S. market.

We are embracing renewed optimism and entrepreneurial momentum to deliver our full products to American clients in a supportive environment. 🧵 pic.twitter.com/WWF624Dr4f

— Nexo (@Nexo) April 28, 2025

Why Exit the U.S.?

Nexo exited the U.S. market on December 5, 2022. In an announcement at the time, the crypto lender explained that it had an 18-month dialogue with regulators over crypto regulatory clarity. During those 18 months, the crypto lender suspended its operations in select U.S. states like New York and Vermont. It also stopped onboarding new users for its Earn Interest Product in the country.

Nexo also suspended its flagship product in eight additional U.S. states — California, Indiana, Kentucky, Maryland, Oklahoma, South Carolina, Washington, and Wisconsin.

The firm’s departure from the country follows a regulatory clampdown by the U.S. Securities and Exchange Commission (SEC) on its Earn Interest Product. In January 2023, Nexo agreed to pay a $45 million fine for offering its interest-earning product to local investors without registering under the agency.

Nexo Returns to the U.S.

Nexo’s latest decision to return to the country comes as the ruling administration has a favorable outlook on crypto. Last week, Paul Atkins, a crypto-friendly commissioner, was sworn in as the SEC chairman. Over the past few months, the securities regulator has voluntarily dropped its case against various crypto exchanges and projects.

Commenting on the new move, Donald Trump Jr. said:

“We see the opportunity for the financial sector and want to ensure we bring that back to the U.S.”

Retail and institutional users in the U.S. can now access Nexo’s services, including its “high-yield crypto savings accounts, asset-backed credit lines, advanced trading, and institutional-grade liquidity solutions.”

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