Nexo is returning to the United States after more than three years outside the market, relaunching its digital asset services and crypto exchange on February 16–17, 2026. The move marks a strategic re-entry following the company’s 2022 withdrawal amid regulatory uncertainty under previous Securities and Exchange Commission leadership.
Key Takeaways
- Nexo is officially relaunching its crypto lending and exchange services in the United States after exiting in 2022.
- The return is attributed to improved regulatory clarity and a more crypto-friendly stance under new SEC leadership.
- Operations will run through licensed US partners, including trading infrastructure powered by Bakkt.
The relaunch reflects what Nexo describes as a more constructive regulatory environment in the US, alongside structural adjustments to its operating model designed to align with domestic securities and compliance frameworks.
From Exit to Relaunch: A Shift in Regulatory Conditions
Nexo departed the US market in late 2022, citing regulatory challenges and enforcement pressure during the prior SEC administration. In 2023, the company reached a $45 million settlement with the SEC, alongside a $22.5 million multi-state agreement related to allegations that certain interest-bearing products constituted unregistered securities. The settlements were reached without admission of wrongdoing.
Since then, the regulatory tone in Washington has shifted. Under SEC Chair Paul Atkins, appointed following the 2024–2025 electoral cycle, industry participants have noted clearer signals regarding compliance pathways and a more defined supervisory framework for digital asset platforms.
Products Available in the US Market
Nexo’s US relaunch includes a range of services tailored to comply with current regulations:
- Flexible and fixed-term yield programs
- Spot cryptocurrency exchange functionality
- Crypto-backed credit lines
- Loyalty and rewards programs
- Fiat on- and off-ramps via ACH and wire transfers
Notably absent is the original Crypto Earn product, which was discontinued following regulatory settlements and will not be reintroduced for US users at this stage.
Compliance Framework and Institutional Partnerships
Nexo’s return is structured around partnerships with licensed US providers. Trading infrastructure is powered by Bakkt, a publicly listed digital asset platform known for its institutional-grade compliance and risk management capabilities.
According to Nexo’s Head of Communications, Eleonor Genova, certain services are made available through a third-party SEC-registered investment adviser, operating under applicable US securities laws. The firm has also established a US base in Florida, with a dedicated management team expected to be announced in the coming months.
The Broader Trend: Crypto Firms Reshore to the US
Nexo’s re-entry reflects a broader trend of crypto companies reconsidering the US market after a period of retreat. Several firms that previously scaled back or exited operations during heightened enforcement activity are now reassessing opportunities amid improved regulatory clarity.
Although comprehensive federal legislation such as the proposed CLARITY Act remains under debate, incremental regulatory adjustments and evolving SEC guidance have created space for compliant business models. Partnerships with established entities like Bakkt signal an emphasis on risk management and structural alignment with US standards.
Market Implications for US Crypto Lending
The relaunch reintroduces a regulated crypto lending and yield platform into a US market still shaped by the collapse of earlier players such as BlockFi and Celsius. For retail and institutional participants, access to crypto-backed credit lines and yield products under structured compliance frameworks may help restore confidence in the sector.
At the same time, competition in the US lending market remains cautious, with firms prioritizing balance-sheet transparency and regulatory engagement following the events of 2022–2023.
Growth Under Guardrails
Nexo’s return underscores a recalibration rather than a return to prior operating models. By restructuring its US offering through licensed partnerships and investment adviser frameworks, the company is positioning itself within the evolving regulatory perimeter.
Whether the broader reshoring trend accelerates will depend on continued regulatory clarity and the durability of the current policy environment. For now, Nexo’s relaunch represents a notable test case for how international crypto platforms can re-enter the US market under tightened compliance standards.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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Source: https://coindoo.com/nexo-to-relaunch-in-u-s-after-2022-exit-citing-new-partnership-structure/
