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Nexo Returns to the US With New Offerings: What Changed Since Its 2022 Exit
Yahoo Finance· 2026-02-17 08:42
Core Insights - Nexo has officially relaunched its crypto lending platform in the United States on February 16, 2026, after withdrawing from the market in late 2022 [1] - The company manages approximately $11 billion in assets and has processed over $371 billion in transactions globally since 2018 [1] Group 1: Relaunch Strategy - The relaunch focuses on restructured versions of core products for U.S. users, emphasizing compliance and risk management [2][3] - New offerings include fiat on- and off-ramps via ACH and wire transfers, delivered through licensed U.S. partners [2] - The new yield and lending products are designed differently from the discontinued Earn Interest Product (EIP) that faced regulatory scrutiny [3] Group 2: Regulatory Context - Nexo's exit from the U.S. market was due to regulatory challenges related to its Earn Interest Product, which was deemed an unregistered security by the SEC [5][8] - The company paid $45 million in settlements in 2023 and has since redesigned its products to operate within a clearer regulatory framework [6] Group 3: Business Growth and Partnerships - Prior to its exit, Nexo engaged in global growth initiatives, including acquisitions and sponsorships, but now prioritizes compliance over aggressive expansion [4] - The company has established partnerships with regulated domestic entities to facilitate its return to the U.S. market [1][6]