- The price of the NEXO token rose nearly 9% on Monday, April 28, 2025.
- Gains followed the announcement that Nexo is re-entering the United States market.
- The cryptocurrency lender halted operations in the U.S. in 2022.
The native token of Nexo, NEXO, climbed noticeably after the company announced its return to the U.S. market. According to CoinMarketCap, NEXO reached as high as $1.31 on Monday, rising more than 9% as markets reacted to the news. At the time of writing, the token traded near $1.24, indicating some profit-taking after the initial surge.
Nexo announces return to the United States
Nexo’s market capitalization stood at $777 million, placing it among the top 100 cryptocurrencies by market value. Its 24-hour trading volume jumped to $26 million, an increase of 150%, highlighting elevated market activity as investor confidence strengthened. In its official announcement, Nexo emphasized its commitment to expanding access to digital assets. “America is back — and so is Nexo,” said Nexo co-founder Antoni Trenchev.
“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 fostered rather than stifled. A place where pioneers are celebrated. Nexo returns to America — stronger, smarter, and determined to win,” he added.
Why this matters
The crypto lender’s return follows its strategic exit from the U.S. in 2022 and comes amid renewed optimism and a more favorable regulatory environment.
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
Nexo’s re-entry aligns it with other firms such as crypto exchange OKX as industry players reassess the U.S. potential to become a global crypto hub. The company’s return to the U.S. market marks a significant milestone for its digital-asset platform.
With this milestone, Nexo plans to roll out a broad range of services tailored to both retail and institutional customers. Offerings will include high-yield crypto savings accounts with advertised annual yields up to 14% paid daily, as well as asset-backed credit lines that allow users to borrow against crypto holdings without selling them.
Nexo also intends to provide advanced trading tools and liquidity solutions for institutional clients, along with its pioneering Nexo Card — a crypto-collateralized debit/credit card. The relaunch is supported by the platform’s robust infrastructure, global licensing, and security measures such as BitGo custody and a $100 million insurance policy.
Nexo’s emphasis on compliance and customer-focused innovation positions it to meet growing demand for crypto financial services in the United States. NEXO previously reached an all-time high of $4.63 in November 2021 before plunging amid the crypto market downturn of 2022. Challenges in the U.S. during broader market turbulence contributed to the token’s downturn.