- Nexo announced its return to the American market.
- This return follows its partial release at the end of 2022.
After a brief break, Nexo, a digital wealth platform managing $ 11 billion in assets, officially returns to the American market. Known for its range of services, including high -performance savings accounts, credit lines supported by assets, trading and liquidity services.
THE announcement was carried out during a high -level commercial event, signaling the strong determination of the company to continue its expansion on the key markets. The influential participants of the event include Donald Trump Jr. and the Minister of Israel for innovation, science and technology, Gila Gamliel.
In addition, Antoni Trinchev, co-founder of Nexo, spoke of the company on innovation and mentioned the work they have done on regulations in recent months. During her speech, Ténchev said that America was back, just like Nexo.
Nexo's expansion plans in the United States faced obstacles, leading to a partial part exit At the end of 2022. The release involved the deactivation of its product of interest earned in eight states and the ban on new user inscriptions throughout the country.
Then, the company was faced with regulatory opposite winds, in particular due to the uncertainty of American regulations concerning cryptographic products. However, following almost 18 months of the most important talks with regulators of the American and federal state, Nexo decided to return, quoting its in progress to comply with American financial legislation.
Regulatory challenges and continuous efforts of Nexo
While Nexo is impatient to return to the United States, the company's trip has faced obstacles. During its initial expansion of the United States, the platform was exposed to a meticulous examination of regulators in several states. The regulators of eight American states, including California, Kentucky, Maryland, New York, Oklahoma, South Carolina, Vermont and Washington, expressed their concerns concerning Nexo offering interest without recording them properly in securities.
Even with such challenges, Nexo has kept an open communication line with regulators. In his quest to comply with American legislation, Nexo voluntarily provided information requested, even by modifying his business model in order to tackle regulatory problems.
Nexo's return to the American market could strengthen investor confidence, and its native cryptocurrency, Nexo, jumped more than 9.42%. He trades About $ 1.22, with a market capitalization of $ 793 million. The daily negotiation volume jumped more than 65.46%, reaching $ 16.93 million.
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