Nexo Relaunches in the U.S. After Regulatory Exit

Nexo has announced its return to the United States market, offering a range of crypto services. This move comes after the company previously exited the U.S. due to regulatory challenges.

The relaunch is facilitated through a partnership with Bakkt, enabling Nexo to provide crypto yield, lending, and exchange services to American users. This collaboration aims to ensure compliance with U.S. regulations, addressing past concerns.

Details on the specific terms of the partnership and the full scope of services are still emerging. However, the relaunch signifies Nexo's commitment to expanding its presence in the U.S. market.

Key facts

• Nexo has reentered the U.S. market after a previous regulatory exit.
• The company is partnering with Bakkt to offer crypto services.
• Services include crypto yield, lending, and exchange offerings.
• The partnership aims to ensure regulatory compliance.

Sources

• cointelegraph.com
• coindesk.com