Nexo returns to U.S. with Bakkt-backed crypto services after 2022 regulatory exit
Nexo is re-entering the U.S. market with regulated crypto services backed by Bakkt after exiting in 2022 due to regulatory challenges.Summary
Nexo is officially re-launching its digital asset offerings in the U.S. market, three years after withdrawing in late 2022 following difficulties with state and federal regulators over its Earn Interest Product. The company's return is supported by U.S.-based Bakkt, which backs the new suite of services. The U.S. product lineup now includes fixed and flexible yield programs, an integrated crypto exchange, and crypto-backed credit lines, all operating under a compliant framework that supports both retail and institutional clients, including fiat on/off-ramps via ACH and wire transfers. Nexo described this move as part of a "period of deliberate recalibration" and its "ongoing global expansion," following its previous exit due to what it termed an "impossible environment."
(Source：CoinDesk)