Nexo Resumes U.S. Services After Two-Year Hiatus and Launches New Crypto Offerings

Highlights:

• Nexo is resuming services to its U.S. customers after two years away from the market.
• Nexo plans to offer AI tools and expand crypto-backed services globally.
• Crypto lending activity rises to $44 billion in April 2025 as more users seek better borrowing options.

Nearly two years after stepping away from the American market, crypto lender Nexo has resumed its services in the U.S. Nexo paid a $45 million settlement to the U.S. Securities and Exchange Commission in early 2023, after it allegedly offered its Earn Interest Product without proper approvals. Although the company neither admitted nor denied wrongdoing, it closed the product for U.S. customers and stopped new enrollments across the country.

Nexo returns to the U.S. market.

We are embracing renewed optimism and entrepreneurial momentum to deliver our full products to American clients in a supportive environment. pic.twitter.com/WWF624Dr4f

— Nexo (@Nexo) April 28, 2025

Nexo announced that clients in the United States can access its full range of services again. These include crypto high yield savings accounts, credit lines backed by assets, advanced crypto to crypto trading platforms, and liquidity solutions.

Antoni Trenchev, co-founder of Nexo, confirmed the comeback plans of the company at the Trump Business Forum. He noted that the United States has a growing number of financial opportunities. The event was attended by political figures such as Donald Trump Jr. Moreover, Innovation Minister of Israel Gila Gamliel was in attendance.

Challenges Behind Nexo’s Temporary Exit

Before its departure, Nexo had already been in the midst of a string of legal issues that had halted its growth plans. Prosecutors accused the company of crimes such as money laundering. The investigations halted many important plans, such as a listing on the U.S. stock market.

Reuters reported earlier in 2024 that Nexo was attempting to access around $3 billion in frozen assets during its investigations. Company representatives said the probe damaged their business reputation and hurt shareholder value. The office of the prosecutor in Bulgaria closed the criminal case after a thorough review. With this result, Nexo cleared a major obstacle, which enabled the company to return to the American market with greater confidence.

Meanwhile, the company filed a claim at the ICSID against the government. The company wants to be compensated for the damage to its reputation and the financial losses it incurred from the missed opportunities.

Strategic Return Amid Crypto Lending Sector Recovery

Nexo is also launching new initiatives under its “Growth 2025” strategy as it returns to the U.S. market. The company aims to launch a few artificial intelligence-driven tools. These tools include AI portfolio management, predictive analytics on market trends, and an AI assistant for trading decisions. Additionally, Nexo aims to extend the use of its debit card, which is backed by crypto. Moreover, it will introduce leveraged futures trading and offer access to traditional investment assets like gold and foreign currencies.

The company’s return comes at a time when the crypto lending sector is showing signs of strong recovery. According to DeFiLlama, the total value locked in crypto-backed lending platforms reached $44 billion in April 2025. Activity in the sector continues to grow as borrowing rates in crypto become more competitive with what money centers offer on credit lines.

Nexo’s reentrance to the U.S. market is yet another step that several major institutions have taken to integrate digital assets into existing financial solutions. Nexo has over $11 billion in AUM. In addition, the company returned to the UK market in September last year.