Summary
- Nexo said it will return to the U.S. market to offer yield programs, spot crypto trading services and loyalty programs.
- Nexo said it is launching a revamped platform as regulatory clarity for digital assets improves in the United States.
- Nexo said its trading infrastructure will be supported by U.S.-based platform Bakkt, which focuses on services for institutional clients.
Nexo, which left the U.S. market in late 2022 after friction with U.S. regulators, announced that it is returning to the United States.
According to CoinDesk, a crypto-focused media outlet, Nexo plans to offer U.S. users yield programs, spot crypto trading services and loyalty programs via a revamped platform as regulatory clarity for digital assets improves. The trading infrastructure will be supported by U.S.-based platform Bakkt, which focuses on services for institutional clients.
Nexo previously announced a partial withdrawal in 2022 due to certain regulatory issues in the United States. At the time, it restricted the offering of interest-bearing products to users in eight states and halted new user registrations.
This re-entry is seen as a strategic adjustment in response to shifts in the U.S. digital-asset regulatory landscape.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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