Nexo is back for US clients
Date: 2025-04-29 Author: Henry Casey Categories: BUSINESS
The company announced via social network X that retail and institutional investors in the US will once again be able to take advantage of its offerings. These include interest-bearing cryptocurrency accounts, credit lines backed by digital assets, as well as trading and liquidity tools aimed at corporate clients.
The return became possible two years after Nexo settled its differences with the SEC. In January 2023, the US regulator accused the platform of promoting an unregistered Earn Interest program. The company did not admit guilt, but compromised by paying a fine without admitting liability.
The same year 2023 was marked by other difficulties. In January, Bulgarian law enforcement agencies conducted searches in Nexo's offices. The reason was suspicions of money laundering, tax evasion and fraud, allegedly occurring from 2018 to 2023. Representatives of the platform strongly denied all accusations.
The investigation in Bulgaria was closed in December of the same year. The prosecutor's office admitted that it did not have enough evidence to bring charges. Later, Nexo's management accused the Bulgarian authorities of damaging the company's reputation, estimating losses at $3 billion.
It is worth noting that the company is gradually restoring its presence in other regions. In the UK, Nexo resumed registering new users last year. This became possible after almost a year of work to comply with the standards set by the British financial regulator FCA.
Nexo's return to the US market demonstrates the company's desire to restore trust and expand its international presence despite past difficulties.
