Nexo jumps 7% from previous day…investor sentiment strengthens on news of U.S. market re-entry
Uk Jin
Summary
- It reported that Nexo (NEXO) was up 6.64% from the previous day at $0.8923.
- Nexo announced its return to the U.S. market and said it plans to offer yield programs, spot digital-asset trading services, and loyalty programs in the U.S. with Bakkt.
- It said Nexo’s U.S. return reflects that crypto-related regulations in the U.S. have gained clarity and that discussions on bringing the sector into the regulatory mainstream have progressed.
Nexo (NEXO) is surging intraday.
As of 10 a.m. KST on the 17th, Nexo was up 6.64% from the previous day at $0.8923.
The rally comes on news that Nexo is re-entering the U.S. market. According to CoinDesk, Nexo announced overnight via its official X (formerly Twitter) that it is returning to the U.S. market. Specifically, Nexo plans to offer yield programs, spot digital-asset (cryptocurrency) trading services, and loyalty programs in the U.S. in partnership with Bakkt.
Nexo previously exited the U.S. market in 2022, citing friction with regulators. This decision to return is seen as reflecting greater clarity in U.S. crypto-related regulations and progress in discussions on bringing the sector into the regulatory mainstream.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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