Nexo returns to the US after exiting in 2022, citing renewed optimism for cryptocurrencies under Trump administration
A digital asset platform that left the US amid regulatory disputes has announced a relaunch with a full suite of services for retail and institutional clients.
Sam Reynolds | Edited by Sheldon Rebeck April 28, 2025, 9:45 AM
What you need to know:
- Cryptocurrency lender Nexo is re-entering the US market after a two-year hiatus caused by regulatory complications.
- The company's co-founder Antoni Trenchev attributed the decision to a more favorable climate for innovation under the Trump administration.
- Nexo said it currently manages $11 billion in assets and will provide a full range of services to U.S. customers, including high-yield savings accounts and lines of credit.
Cryptocurrency lender Nexo has announced its return to the US market, two years after regulatory disputes forced it out.
“America is back, and Nexo is back,” co-founder Antoni Trenchev said at a press conference Sunday in Bulgaria alongside Donald Trump Jr., emphasizing that Trump's presidency has created a more favorable environment for innovation.
“Thanks to the vision and leadership of President Donald J. Trump, his administration, and his family, the United States is once again a place where innovation is encouraged, not stifled. A place where pioneers are celebrated,” Trenchev said, according to a press release.
Nexo, which currently manages $11 billion in assets, confirmed it will offer a full range of services to both retail and institutional clients in the US, including high-yield savings products, asset-backed credit lines and modern trading solutions.
Nexo left the U.S. market in late 2022 after it called its talks with state and federal regulators over its Earn Interest product “a dead end,” as well as market turmoil following the collapse of cryptocurrency exchange FTX and general pressure on crypto lenders, CoinDesk reported at the time.
In 2022, the company noted that it could no longer operate under “impossible conditions” after a slew of enforcement actions, including from California and New York authorities.
