Nexo Re-Enters U.S. Crypto Market With Fresh Banking Services

Crypto

Nexo Re-Enters U.S. Crypto Market With Fresh Banking Services

• Nexo resumes full U.S. operations after 2022 exit, unveiling expanded crypto banking services.
• New offerings include instant credit lines, savings accounts, and crypto-backed USD access.
• Crypto lending sector shows strong revival, with TVL up 53% to $15B by April 2025.

Nexo has officially resumed its operations in the United States, marking a full return to the market after withdrawing in late 2022. The company made the announcement during a private business event that featured Donald Trump Jr. and Israels Minister of Innovation, Science, and Technology, Gila Gamliel.

Nexo returns to the U.S. market.

We are embracing renewed optimism and entrepreneurial momentum to deliver our full products to American clients in a supportive environment.

— Nexo (@Nexo) April 28, 2025

Nexo, which currently manages around $11 billion in assets, unveiled a refreshed lineup of products targeting both retail and institutional clients. Co-founder Antoni Trenchev described the move as a major step forward, stating, “America is back, and so is Nexo.” Trenchev credited the Trump administrations regulatory environment for fostering innovation in digital finance.

Nexos Expanded Offerings for U.S. Customers

Following its re-entry, Nexo has launched several products for U.S. users:

• Instant Crypto Credit Lines: Customers can borrow against over 100 cryptocurrencies, including Bitcoin and Ethereum, without liquidating their holdings.
• Crypto Savings Accounts: Flexible and fixed-term savings accounts offer daily interest payouts on crypto and stablecoin deposits at competitive APYs.
• Personal U.S. Dollar Accounts: Users can now open personal USD accounts, facilitating direct deposits, holdings, and withdrawals.
• Crypto-Backed Loans: Nexo reinstated its signature lending model, allowing clients to maintain ownership of their crypto while accessing immediate liquidity.

These offerings reflect a broader strategy to provide comprehensive digital asset banking solutions under the evolving U.S. regulatory framework.

Market Conditions Driving Nexos Return

Nexos re-entry comes amid a broader recovery in the crypto lending sector. In 2022, the company paused its Earn Interest product across eight U.S. states and halted new user registrations nationwide due to regulatory pressures. The wider crypto lending market saw major disruptions, with several competitors exiting or facing bankruptcy.

Recent data from DeFiLlama shows a rebound. As of April 2025, total value locked (TVL) in crypto-backed lending platforms surpassed $15 billion, a 53.1% increase from $9.8 billion at the end of Q4 2024. Renewed institutional and retail interest in crypto lending appears to have stabilized the sector.

Trump Jr. Emphasizes Digital Assets in Economic Growth

During his keynote at the event, Donald Trump Jr. highlighted the rising role of digital assets in strengthening the U.S. economy. He called for a regulatory environment that supports entrepreneurship and innovation, asserting that leadership in digital markets is critical for maintaining Americas global economic position.

The remarks align with the broader political narrative that emerging technologies, including cryptocurrencies, are essential components of national competitiveness in the coming decade.