In September last year, the crypto-based prediction market Polymarket received the regulatory greenlight to return to the U.S. market after a long exile.
Now, another company is returning to the United States after regulatory issues get resolved during the Donald Trump administration.
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Nexo returns to United States after 2 years
Nexo, a popular digital asset wealth platform, announced on Feb. 16 that it is returning to the U.S. market.
The comeback comes two years after a regulatory standoff and makes a renewed push into one of the crypto industry's most closely watched jurisdictions.
The platform said it has officially rolled out a suite of crypto offerings and trading infrastructure powered by U.S.-based Bakkt, signaling what it describes as a long-term commitment to operating within a compliant framework.
Nexo retreated from the U.S. in 2022, citing what it called a "dead end" in negotiations with regulators over its "Earn Interest Product." The company then said it could no longer operate in an "impossible environment" following a series of enforcement actions, including from regulatory bodies in California and New York .
In January 2023, the platform agreed to pay a $22.5 million penalty to settle the charges filed by the Securities and Exchange Commission (SEC) over unregistered offering of Earn Interest Product.
The conditions have now changed enough to justify a return, Nexo said. It was in April last year that it announced plans to return to the U.S., reporting $11 billion in assets under management (AUM).
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New crypto product suite
Nexo's U.S. produce suite includes:
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An integrated crypto exchange
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Crypto-backed credit lines
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Fixed and flexible yield programs
The company said the products are offered within a compliant framework designed to support both retail and institutional clients. Fiat on- and off-ramps will be available via ACH transfers and wire services, allowing users to move funds between traditional banking systems and digital asset accounts.
Expansion push
The U.S. relaunch comes as part of Nexo's broader global expansion strategy. The company said it has processed $371 billion in transactions to date across its platform.
By leveraging infrastructure from Bakkt and emphasizing compliance, Nexo appears to be positioning itself for a more sustainable foothold in large markets like the U.S.
This story was originally published by TheStreet on Feb 16, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
