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The cryptocurrency exchange Nexo, which manages assets worth $11 billion, has announced its return to the United States and plans to offer clients services for managing liquidity and digital asset portfolios.
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Nexo halted its operations in the U.S. four years ago due to stalled negotiations with New York authorities regarding the Earn Interest product, which allows users to earn interest on cryptocurrencies. In April 2025, the company stated its intention to re-enter the American market contingent on an “improved regulatory environment.”
In the official announcement of its return, Nexo indicated that its trading infrastructure in the U.S. would be provided by Bakkt, a public American cryptocurrency platform for institutional clients. Clients can expect the ability to:
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execute cryptocurrency trades through a single interface;
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obtain credit lines secured by crypto assets;
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participate in a loyalty program;
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buy and sell virtual coins for fiat currency via bank transfers.
Previously, Bloomberg reported, citing anonymous sources, that Binance, the largest cryptocurrency exchange in the world by trading volume, is planning to expand access to the American crypto market and resume operations following the recapitalization of its subsidiary Binance.US.
