8 major crypto firms announce US expansion this year
Nexo plans to reenter the US market, joining seven other crypto firms expanding since President Trump took office. Companies like Circle, Binance, and OKX anticipate favorable regulatory changes in 2025. Nexo's announcement received support from Donald Trump Jr., highlighting the potential for financial sector growth in the US. Binance.US resumed USD services after a settlement involving a $2.7 billion fine and legal issues for its former CEO. eToro filed for a $4 billion IPO, focusing on Bitcoin and Ethereum after SEC challenges. OKX is relaunching in the US following a $500 million settlement for anti-money laundering violations. Circle is relocating its headquarters to NYC ahead of its IPO, seeking a $5 billion valuation. Crypto.com plans to introduce stock and ETF trading, integrating traditional finance with crypto. Andreessen Horowitz is shifting focus back to the US after a brief UK presence. Coinbase acquired Deribit for $2.9 billion, enhancing its position in the derivatives market.
