Nexo resumes operations in the US amid pro-crypto Trump administration
Key Takeaways
Nexo has resumed its operations in the US market offering a comprehensive range of financial products.
The pro-crypto stance of the Trump administration is seen as favorable for the returning of Nexo.
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Nexo, a leading digital asset service provider, announced Monday its return to the American market amid a renewed pro-crypto environment under the Trump administration.
The move, unveiled at an exclusive event featuring Donald Trump Jr., Israel’s Minister of Innovation Gila Gamliel, and Nexo co-founder Antoni Trenchev, came after a two-year hiatus.
Nexo began a phased exit from the US market in late 2022, citing regulatory pressure and inconsistent oversight after authorities targeted its Earn Interest Product as an unregistered security.
Now, with Nexo’s return, its services are coming back as well. Managing $11 billion in assets, the platform is set to offer American clients access to its full range of products. These include high-yield crypto savings accounts, asset-backed credit lines, trading services, and institutional liquidity solutions.
Trenchev praised the current administration, noting that Trump’s return to power has reignited a focus on entrepreneurship and innovation.
“America is back — and so is Nexo,” he said in a statement. “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 championed, not stifled. A place where pioneers are celebrated. Nexo is returning to America — stronger, smarter, and determined to win.”
In celebrating Nexo’s re-entry, Trump Jr., Executive Vice President of The Trump Organization, said the resurgence of crypto and digital assets is vital to ensuring America’s leadership in the global financial system.
“I think crypto is the future of finance,” he remarked, stressing the need for a regulatory framework that empowers innovation and secures the nation’s competitiveness.
Commenting on the launch, Gamliel said that technology has made the world more connected, breaking down old barriers between countries and cultures.
“International cooperation is not only beneficial. It is essential for success,” she said. “In Israel, we are building strong connections that unite countries, industries, and scientists, as we shape our future together.”
Regulatory developments in the UK also influenced Nexo’s decision to resume accepting new client registrations. In September, the company announced the move after upgrading its platform to comply with Financial Conduct Authority (FCA) guidelines.
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