Nexo will return to the U.S. market and said it has officially launched a set of digital asset products and trading infrastructure from the U.S.-based Bakkt.
The digital asset wealth platform exited the United States at the end of 2022 after negotiations with state and federal regulators reached an “impasse” over its interest-earning products. The company said it will no longer be able to operate in an “impossible environment” by 2022, following multiple enforcement actions in places including California and New York. However, in April 2025, the company announced its return and added $11 billion in assets under management.
The company’s U.S. product line includes fixed and flexible benefit plans, an integrated cryptocurrency exchange and cryptocurrency-backed lines of credit. These services are provided through a compliance framework and are designed to support portfolio management and liquidity access for retail and institutional clients. Fiat currency entry and exit channels are available via Automated Clearing House (ACH) and wire transfers.
The re-entry into the U.S. market follows what the company calls a “thoughtful recalibration period,” signaling a long-term commitment to the regulated market. Nexo said the move also follows its “continued global expansion.” Nexo said in a statement on Monday that it has processed $371 billion in transactions globally to date.
The company’s wider expansion includes the acquisition of Argentina’s Buenbit and sponsorship of the ATP Dallas Open and the Audi Revolut F1 team.
