Nexo Relaunches in America Three Years After SEC Clash

Nexo has officially reentered the United States market three years after withdrawing following regulatory disputes with U.S. authorities.

Key Takeaways

• Nexo has relaunched operations in the U.S. after exiting in 2022 due to regulatory clashes.
• The company previously agreed to a $45 million settlement with U.S. regulators over its Earn Interest Product.
• Nexo is returning with yield programs, an exchange, crypto backed credit lines, and loyalty features.
• Digital asset trading infrastructure will be powered by Bakkt, a publicly listed U.S. platform.

What Happened?

Crypto lending platform Nexo announced its formal return to the U.S., marking a significant shift after years of regulatory friction. The company had exited the country in late 2022 after disputes with state and federal regulators over its lending products.

Now, Nexo says it is relaunching under a U.S. compliant framework in partnership with regulated entities, signaling what it describes as a more disciplined and compliance focused approach.

A Return After Regulatory Setbacks

Nexo’s withdrawal from the U.S. followed mounting pressure from regulators, including enforcement actions from states such as California and New York. The U.S. Securities and Exchange Commission argued that the company’s Earn Interest Product should have been registered as a security.

In 2023, Nexo agreed to pay $45 million to settle charges with U.S. authorities. The company neither admitted nor denied the SEC’s claims as part of the settlement. At the time, Nexo described negotiations with regulators as a “dead end,” stating that it had become impossible to continue operating in the country.

The relaunch in 2026 represents what the company calls a deliberate recalibration. Instead of pushing aggressive growth, Nexo now emphasizes compliance, governance, and long term sustainability.

New U.S. Product Suite

As part of its comeback, Nexo is introducing a comprehensive lineup of services tailored for U.S. clients. These include:

• Flexible and fixed term yield programs, structured within a regulated investment framework.
• An integrated digital asset exchange, allowing users to buy and sell cryptocurrencies through a unified interface.
• Crypto backed credit lines, enabling clients to access liquidity without selling their digital assets, with flexible repayment options and multiple collateral types.
• A loyalty program designed to reward active users within the ecosystem.
• Streamlined crypto and fiat on and off ramps supported through ACH and wire transfers.

Digital asset trading infrastructure will be provided by Bakkt, a publicly listed U.S. based digital asset platform known for its institutional grade risk management and compliance systems. The partnership aims to align Nexo’s global platform with U.S. regulatory standards and governance expectations.

Part of a Broader Global Strategy

Nexo’s U.S. return comes amid broader international expansion efforts. The company reports processing more than $371 billion in transactions globally, positioning itself as a major player in digital asset services.

Recently, the firm expanded its product range by introducing Contracts for Difference on assets such as gold, silver, oil, leading equity indices, and key currency pairs, with leverage available on selected instruments. This rollout was enabled through a partnership with MetaTrader 5, giving users access to advanced institutional trading tools.

In the Middle East, Nexo’s Dubai based entity secured regulatory approval to offer lending, borrowing, investment, and broker dealer services for virtual assets. The move marked the company’s first step into Dubai’s growing crypto market.

The platform has also strengthened its global brand presence through sports partnerships. It became the Title Partner of the ATP 500 Nexo Dallas Open and entered a multi year agreement as the first official digital asset partner of the Audi Revolut F1 Team.

CoinLaw’s Takeaway

In my experience, regulatory clarity often separates companies that survive from those that disappear. Nexo’s return to the U.S. feels less like a bold gamble and more like a calculated second attempt built on lessons learned.

I found it telling that the company is now leading with compliance, institutional standards, and partnerships with established players like Bakkt. After a $45 million settlement and a forced exit, this comeback will likely be watched closely by regulators and investors alike. If Nexo can balance innovation with strict oversight, it may regain trust in one of the world’s most important crypto markets.

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