Nexo reenters US market with Bakkt after 2022 regulatory exit

by Adrian Russell
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Nexo announced its formal return to the US market, nearly three years after withdrawing amid regulatory disputes over its Earn Interest Product.

The digital asset wealth platform said its relaunch will be executed through partnerships with regulated entities, creating a U.S.-compliant framework for its investment and credit offerings.

Trading infrastructure will be provided by Bakkt, the publicly listed US digital asset platform focused on institutional compliance and risk management.

Nexo exited the US in late 2022, citing a dead end in negotiations with state and federal regulators. Its renewed presence signals a strategic reset as regulatory clarity and institutional standards evolve.

The company’s US offering will include flexible and fixed term yield programs, an integrated exchange for digital asset trading, crypto-backed credit lines, and fiat on and off-ramps via ACH and wire transfers. A loyalty program will also be available.

Nexo said it has processed more than $371 billion in transactions globally and views its US return as a milestone in building a compliant, long-term digital asset wealth platform.

The relaunch follows broader expansion efforts, including brand partnerships in global sports and the acquisition of Buenbit, a registered virtual asset service provider in Argentina.



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