- The price of the NEXO token rose by nearly 9% on Monday, April 28, 2025.
- The gain followed the announcement that Nexo is relaunching in the U.S. market.
- The crypto lender had withdrawn from the U.S. in 2022.
Nexo’s native token, NEXO, surged after the company announced its return to the United States. According to CoinMarketCap, NEXO climbed to a peak of $1.31 on Monday, a gain of more than 9% as markets reacted to the news. At the time of writing, the token was trading around $1.24, reflecting some profit-taking after the initial spike.
Nexo announces U.S. comeback
Nexo’s market capitalization stood at about $777 million, placing it among the top 100 cryptocurrencies by market value. Twenty-four-hour trading volume rose to roughly $26 million, an increase of about 150%, underscoring heightened market activity and growing investor confidence. In its official announcement, Nexo emphasized its commitment to accelerating digital asset adoption. “America is back — and Nexo is back too,” said Antoni Trenchev, co-founder of Nexo.
“Thanks to the vision and leadership of President Donald J. Trump, his administration and his family, the United States is once again a place where innovation is encouraged rather than suppressed. A place where pioneers are celebrated. Nexo returns to America — stronger, smarter and determined to win,” he added.
Why this matters
Nexo’s return follows a strategic exit in 2022 and reflects renewed optimism alongside a more favorable regulatory environment. Re-entering the U.S. aligns the company with other industry players that have signaled a comeback, as firms consider the country’s potential to become a global hub for crypto innovation.
Nexo is coming back to the USA, where the growing importance of digital assets nurtures bold innovation and leadership.
Proud to be part of the momentum as we deliver our pioneering suite of products to U.S. clients.
Full story below.https://t.co/wQUFjKRzUl
— Nexo (@Nexo) April 28, 2025
Nexo’s re-entry marks a significant milestone for the digital-asset platform. The company intends to roll out a comprehensive product suite for both retail and institutional clients in the U.S.
Planned offerings include high-yield crypto savings accounts with rates up to 14% annually, paid daily, and asset-backed credit lines that let users borrow against their crypto holdings without selling them. Nexo also plans to provide advanced trading tools and institutional-grade liquidity solutions, as well as the Nexo Card, a crypto-backed debit/credit card.
The relaunch is supported by Nexo’s global licenses, robust infrastructure and enhanced security measures, such as custody through BitGo and an insurance policy covering $100 million. Emphasizing compliance and customer-focused innovation, Nexo aims to meet rising demand for crypto financial services in the United States.
NEXO’s price previously reached an all-time high of $4.63 in November 2021 before plunging during the 2022 crypto bear market. The company’s challenges in the U.S. amid broader market turbulence contributed to that downturn.