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The launch of the digital assets wealth platform features regulated yield accounts, credit lines, and exchange access supported by Bakkt.
Nexo, represented by Co-Founder Antoni Trenchev, who is photographed here with Donald Trump Jr., attributes its return to the U.S. to the crypto-friendly policies of the Trump Administration. (Photo: Nexo/Modified by CoinDesk)
Key points:
- Nexo has re-entered the U.S. market, launching a collection of digital asset services and trading infrastructure powered by Bakkt, a U.S.-based entity.
- The firm exited the U.S. in 2022 due to regulatory disputes concerning its Earn Interest Product, but now returns with $11 billion in assets under management, aiming to operate within a compliant framework.
- Nexo’s U.S. offerings comprise fixed and flexible yield programs, an integrated crypto exchange, crypto-backed credit lines, and fiat on- and off-ramps via ACH and wire transfers, as part of its expanded global strategy that includes acquisitions and significant sports sponsorships.
Nexo is poised to make its return to the U.S. market, announcing the official launch of a range of digital asset products and trading infrastructure from Bakkt.
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The digital asset wealth platform withdrew from the U.S. in late 2022 after describing negotiations with state and federal regulators regarding its Earn Interest Product as reaching a “dead end.” The company indicated in 2022 that it could no longer function in an “impossible environment” following several enforcement actions, notably from California and New York. However, in April 2025, it revealed plans for its return, noting its $11 billion in assets under management.
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The company’s U.S. offerings encompass fixed and flexible yield programs, a unified crypto exchange, and crypto-backed credit lines. These services are provided within a compliant structure aimed at facilitating portfolio management and liquidity access for both retail and institutional clients. Fiat on- and off-ramps are accessible through automated clearing house (ACH) and wire transfers.
The return to the U.S. follows what the company described as a “period of intentional recalibration,” indicating a long-term commitment to regulated markets. Nexo also mentioned its “ongoing global expansion.” The firm reported processing $371 billion in global transactions to date, in its statement on Monday.
The company’s broader growth strategy involves acquiring Argentina’s Buenbit and sponsoring events such as the ATP Dallas Open and the Audi Revolut F1 Team.
