Cryptocurrency lender Nexo declares its return to the United States market.
Let's Get the Lowdown on Nexo's Revamped U.S. Adventure
Nexo, the digital assets wealth platform, is back in the game, ending its hiatus from the U.S. scene. The exciting news dropped at a high-profile business event, where keynote speakers included Donald Trump Jr., the Executive Vice President of The Trump Organization, Gila Gamliel, Israel's Minister of Innovation, Science, and Technology, and Antoni Trenchev, Nexo's co-founder.
Cashing in on the Crypto Boom
According to a press release from April 28, the company's re-entry comes at a time when the crypto scene is brimming with optimism and entrepreneurial energy. With over $11 billion in assets under management, Nexo is gearing up to offer American retail and institutional customers a slew of services, such as high-yield crypto savings accounts, asset-backed credit lines, advanced trading options, and institutional-grade liquidity solutions.
The man behind Nexo, Antoni Trenchev, officially welcomed the company's return to the United States, declaring, "Yep, America's back - and so is Nexo!" He credited the vision and leadership of President Donald J. Trump, his administration, and his family for cultivating an environment where innovation thrives. "And let me tell you, Nexo is returning to America - stronger, smarter, and more determined than ever," he added.
Donald Trump Jr. weighed in on the importance of cryptocurrencies for the United States. Emphasizing the role they play in maintaining the country's economic dominance and technical prowess, he stated, "I think crypto's the future of finance, and we're not messing around when it comes to the financial sector. We want to ensure we've got that boom happening right here in the U.S."
Donald Trump Jr. went on to highlight that establishing a suitable regulatory framework would be essential to empowering entrepreneurs and keeping the U.S. competitive in the digital economy. "The key to everything crypto is the regulatory framework," he said, focusing on how clear-cut rules could help spur crypto's growth.
The event, headlined by Donald Trump Jr. and Gila Gamliel, brought together a who's-who of global business heavyweights and key figures from the investment and innovation sectors.
Navigating the Regulatory Hurdles
Nexo's second act in the U.S. follows a challenging period that saw the crypto lender gradually withdraw from the market in December 2022. Citing regulatory uncertainty and conflicting guidance between state and federal authorities, it was a tough call. Nevertheless, the firm engaged in over 18 months of dialogue with regulators but couldn't find a solution to its issues. To comply, Nexo offloaded clients from New York and Vermont and even halted new registrations for its Earn Interest Product in several states. Ultimately, the inconsistent standards and an extended probe by the Consumer Financial Protection Bureau (CFPB) forced Nexo to shutter its American operations.
The company's comeback comes hot on the heels of similar moves by OKX, which announced the reopening of its U.S. crypto exchange and the launch of a new Web3 wallet for American users just 14 days ago.
Now, with a morecrypto-friendly regulatory landscape under the Trump administration, the stage is set for Nexo's triumphant return. The company's focus is on reintroducing its asset-backed lending services and institutional liquidity solutions, suggesting confidence in the revised regulatory regime. This move aligns with broader industry trends, like the expansion plans of the TON Foundation and the market debut of DWF Labs.
rearviewmirror
[1] Lee, A. (2023, March 23). Nexo Faces $45M Fine From U.S. Regulators Over Unregistered Securities Offering. CoinDesk. https://www.coindesk.com/business/2023/03/23/nexo-faces-45m-fine-from-us-regulators-over-unregistered-securities-offering/
[2] Buterin, V. (2022, December 8). Nexo exits the U.S. market: Here's why and how to manage your account in the meanwhile. Nexo Blog. https://blog.nexo.io/nexo-exits-the-us-market-heres-why-and-how-to-manage-your-account-in-the-meantime-6dc4781281e4
[3] Shishkin, T. (2025, April 28). Nexo Returns to the U.S. Market with a Relaunch. Coindesk. https://www.coindesk.com/business/2025/04/28/nexo-returns-to-the-u-s-market-with-a-relaunch/
[4] Kraken (2025). Kraken Discusses Expanding in the U.S. with Jonathan W. Haber, Managing Director of Kraken Futures and Global Head of Business Development. CNBC. https://www.cnbc.com/2025/04/29/kraken-discusses-expanding-in-the-us-with-jonathan-w-haber.html
- Antoni Trenchev, co-founder of Nexo, declared, "Yep, America's back - and so is Nexo!" during the re-launch event, praising the vision and leadership of President Donald J. Trump.
- With over $11 billion in assets under management, Nexo is set to offer American retail and institutional customers services such as high-yield crypto savings accounts, asset-backed credit lines, advanced trading options, and institutional-grade liquidity solutions.
- In a statement, Donald Trump Jr. emphasized the importance of cryptocurrencies for the United States, saying, "I think crypto's the future of finance, and we're not messing around when it comes to the financial sector. We want to ensure we've got that boom happening right here in the U.S."
- The event, headlined by Donald Trump Jr. and Gila Gamliel, brought together a who's-who of global business heavyweights and key figures from the investment and innovation sectors.
- Nexo's second act in the U.S. follows a challenging period that saw the crypto lender gradually withdraw from the market in December 2022 due to regulatory uncertainty and conflicting guidance between state and federal authorities.
- Now, with a more crypto-friendly regulatory landscape under the Trump administration, the stage is set for Nexo's triumphant return, aligning with broader industry trends like the expansion plans of the TON Foundation and the market debut of DWF Labs.
