- The NEXO token price rose nearly 9% on Monday, April 28, 2025.
- Gains followed the announcement that Nexo will relaunch in the United States.
- The crypto lender exited the U.S. market in 2022.
The native token of Nexo, NEXO, saw a notable price jump after the company announced its return to the U.S. market. According to CoinMarketCap, NEXO reached a high of $1.31 on Monday, up more than 9% as the market reacted to the news. At the time of writing, the token was trading around $1.24, suggesting some profit-taking after the surge.
Nexo Announces Its Return to the United States
Nexo’s market capitalization stood at $777 million, placing it among the top 100 cryptocurrencies by market cap. Its 24-hour trading volume rose to $26 million, an increase of roughly 150%, highlighting heightened market activity and renewed investor confidence. In its official announcement, Nexo emphasized its commitment to accelerating digital-asset adoption. “The United States is back, and so is Nexo,” said Antoni Trenchev, Nexo’s cofounder.
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, not suppressed. A place that celebrates pioneers. Nexo returns to the United States stronger, smarter and determined to succeed, he added.
Why This Matters
Nexo’s return follows a strategic exit in 2022 and comes amid renewed optimism and a more favorable regulatory environment. The relaunch signals confidence in the evolving U.S. policy landscape and its potential to support crypto-focused businesses.
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.
— Nexo (@Nexo) April 28, 2025
With its U.S. comeback, Nexo joins other industry players returning to the market, such as the exchange OKX, as companies assess the United States’ potential to become a global crypto hub. Nexo’s reentry into the U.S. will be a significant milestone for the digital-asset platform.
The company plans to roll out a comprehensive suite of services for both retail and institutional clients. Offerings include high-yield crypto savings accounts that advertise up to 14% annual interest with daily payouts, as well as asset-backed credit lines that let users borrow against their crypto holdings without selling them.
Nexo also intends to provide advanced trading tools and institutional-grade liquidity solutions, including its flagship Nexo Card, a crypto-backed debit/credit card. The relaunch rests on the company’s resilient infrastructure, global licenses and strict security controls, such as custody with BitGo and a $100 million insurance policy.
Nexo’s focus on regulatory compliance and customer-centered innovation positions it to meet growing demand for crypto financial services in the United States.
NEXO’s price hit an all-time high of $4.63 in November 2021 before collapsing during the 2022 crypto market crisis. The company’s troubles in the U.S., amid widespread market turbulence, contributed to that downward trend.