Nexo reenters US market with Bakkt after 2022 regulatory exit
Nexo is formally returning to the US market, offering compliant investment and credit products via a partnership with Bakkt.Summary
Crypto lender Nexo has announced its formal return to the US market, nearly three years after exiting in late 2022 due to regulatory disputes over its Earn Interest Product. The relaunch is structured under a U.S.-compliant framework achieved through partnerships with regulated entities. Specifically, trading infrastructure will be provided by Bakkt, the publicly listed digital asset platform known for institutional compliance. Nexo's renewed US offering will feature flexible and fixed-term yield programs, an integrated exchange, crypto-backed credit lines, and fiat on/off-ramps. This strategic reset follows evolving regulatory clarity and aims to establish Nexo as a compliant, long-term digital asset wealth platform in the US.
(Source：Crypto Briefing)