| What to Know: - Nexo relaunches in U.S. after 2022 exit amid regulatory scrutiny. - Offers high-yield savings, crypto-backed credit lines, and advanced trading. - Yield products need registration; New York enforces five-year EIP-related securities ban. |
Nexo has relaunched its crypto platform in the United States after exiting the market in 2022 amid regulatory headwinds, as reported by ADVFN. The company’s return follows a period marked by tightened scrutiny of crypto lending and yield products.
As reported by CoinDesk, co-founder Antoni Trenchev said the firm would offer a full suite of services in the U.S., including high-yield savings, crypto-backed credit lines, and advanced trading for retail and institutional clients. Product availability may evolve as regulatory requirements are addressed and licenses are obtained where needed.
In January 2023, the company agreed to a $45 million settlement over its Earn Interest Product (EIP) for offering an unregistered security, a no-admit/no-deny resolution, as reported by The Block. That backdrop is central to the relaunch, since yield-bearing products in the U.S. generally require registration or a qualifying exemption.
New York Attorney General Letitia James announced a $24 million penalty and a five-year ban on offering or selling securities in New York related to the EIP. That action will shape which Nexo products can be made available in New York during the term of the order.
Availability will vary by state. In New York, EIP-like offerings remain constrained during the five-year ban window, and any relaunch there will need to reflect those limits stemming from the Attorney General’s order.
California’s oversight has intensified after a January 16, 2026 action by the Department of Financial Protection and Innovation imposing a roughly $500,000 fine for unlicensed crypto-backed loans and insufficient creditworthiness checks. According to the DFPI, these lapses raise expectations that lending products in the state must align with licensing and underwriting standards.
Company leadership has framed the return as a recommitment to the U.S. market after the 2022 exit. “America is back , and so is Nexo,” said Antoni Trenchev, Co-Founder, Nexo.
Community reporting points to a phased rollout rather than an all-at-once reopening, as reported by Reddit. That suggests timelines and product sets could shift as the firm navigates state-by-state licensing and securities compliance.
At the time of this writing, the NEXO token trades around $0.8417, with high volatility near 8.81% and an RSI close to 49.29, based on data from CoinGecko. Those indicators provide context only and do not reflect any regulatory outcome or product availability.
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