- Nexo has resumed U.S. services with crypto savings, loans, trading, and liquidity solutions.
- Nexo has launched AI-powered tools and expanded global partnerships like Sphere Labs.
- The crypto lending industry bounced back to $44 billion in April 2025, supporting Nexo’s strategic comeback.
Nexo, a digital asset platform, recently resumed operations in the United States market. The firm, which oversees assets of $11 billion, announced the return during a private business dinner that incorporated Donald Trump Jr., Gila Gamliel, and Antoni Trenchev.
The company pulled out of the U.S. market in 2022 because of some regulatory issues. Due to investigations into its Earn Interest Product, the company had to settle for $45 million in early 2023. However, the company never admitted the charges against it, but temporarily closed its operations in the United States.
Currently, Nexo operates in the United States, providing crypto interest accounts, archive credit lines, trading, and institutional liquidity solutions. The company’s return can be attributed to the policy shift under Trump’s administration that seeks to lessen the hostility in regulating cryptocurrencies.
Key Announcements at the Trump Business Forum
Speaking during the relaunch event, Nexo’s co-founder, Antoni Trenchev, talked about key aspects such as resilience and innovation. Trenchev praised the supportive environment under the presidency of Donald Trump, referring to America as a land where pioneers thrive again.
Trump Jr. talked about the importance of digital assets in maintaining America’s economic dominance. He stressed the necessity of developing an effective legal framework that would promote innovation instead of hindering it. Gila Gamliel, Israel’s Minister of Innovation, Science, and Technology, mentioned the aspect of partnership in defining the future of technology and finance. She stressed that technology breaks cultural and geographic barriers.
New Strategic Initiatives and Global Expansion Plans
Under its “Growth 2025” business development plan, Nexo has pioneered innovations and the customer experience. It aims to release AI for portfolio management, predictive analysis and an AI trading assistant to enhance its decision-making process.
The company also plans to expand on the possibility of multi-asset trading options, which shall include leverage up to 100x. Additionally, there are plans to launch various new features like cashback and better loyalty programs linked with the Nexo Card. Besides its comeback in the United States, Nexo has received preliminary license approval from Dubai’s Virtual Assets Regulatory Authority (VARA). This expansion makes it possible for the company to provide lending and management services as well as act in a broker-dealer capacity in Dubai.
Nexo ties up with Sphere Labs in Latin America to facilitate cross-border business payments using blockchain. Such measures are indicative of Nexo’s desire to expand its presence worldwide and provide useful services.
Recovery of the Crypto Lending Market Strengthens Nexo’s Position
Nexo’s return occurs at a time when there is renewed interest in the crypto lending industry. Crypto-backed lending, according to data from DeFiLlama, stood at $44 billion in April 2025, suggesting higher user engagement.
Compared to many of its competitors that declared bankruptcy, Nexo’s withdrawal was regulatory-based. Moreover, recent regulatory developments in the UK similarly helped the company reinstate new client registrations there by September 2024.
Additionally, the company cleared out legal cases that were previously an issue to its growth, such as a criminal case that it faced in Bulgaria. Nexo is also seeking compensation from the ICSID regarding the losses and damage incurred under the investigations.
