Damus
Blockchain Report profile picture
Blockchain Report
@Blockchain Report
Nexo, a cryptocurrency lending platform, has officially re-entered the U.S. market approximately three years after its withdrawal. The company is relaunching with a comprehensive suite of digital asset services, including fixed and flexible yield accounts, crypto-collateralized credit lines, an integrated crypto exchange, and fiat on/off-ramps. These services will be supported by U.S. compliant platform Bakkt for transactions and infrastructure. Nexo previously exited the U.S. in 2022 due to conflicts with state and federal regulators over its Earn interest product. The company cited a more favorable crypto policy environment as the reason for its return. Nexo currently manages approximately $11 billion in assets and has processed over $371 billion in global transactions. (CoinDesk)

#crypto #blockchain #news