Nexo to re-enter US market after three-year absence

Nexo, which left the U.S. market in late 2022 amid friction with regulators, has announced its return. According to CoinDesk, Nexo will offer a yield program, spot cryptocurrency trading services, and a loyalty program to U.S. users through a revamped platform, citing improved regulatory clarity for digital assets. The platform's trading infrastructure will be provided by Bakkt, a U.S.-based platform focused on institutional clients. Nexo previously announced a partial withdrawal from the U.S. market in 2022, restricting its interest-earning products for users in eight states and halting new user registrations.