Crypto Lender Nexo Returns to U.S. Citing Crypto Friendly Trump Policies
Nexo has re-entered the U.S. market after leaving in 2022 due to regulatory issues. The company manages over $11 billion in assets and plans to offer a full range of services, including high-yield savings products and asset-backed credit lines, to U.S. clients. Co-founder Antoni Trenchev attributed the return to a more favorable environment for innovation under the Trump administration. Nexo had previously exited the U.S. market after failed negotiations with regulators regarding its Earn Interest Product amid a crackdown on crypto lenders following the FTX collapse. Trenchev stated that America is once again a place that champions innovation. Nexo has rebranded as a comprehensive digital assets wealth platform, focusing on providing flexible investment solutions in the digital asset space.
