- NEXO token’s worth jumped almost 9% on Monday, April 28, 2025.
- Good points got here amid information that Nexo is relaunching in the US market.
- The crypto lender exited in 2022.
Nexo’s native token, NEXO, has seen a notable worth surge following the corporate’s announcement of its return to the US market.
In response to CoinMarketCap, NEXO rose to highs of $1.31 on Monday, gaining greater than 9% because the market reacted to the information.
The token was buying and selling close to $1.24 on the time of writing, indicating some profit-taking after the surge.
Nexo declares US comeback
Nexo’s market capitalization stood at $777 million, rating among the many prime 100 cryptocurrencies by market cap.
Its 24-hour buying and selling quantity of $26 million was up 150%, a state of affairs that underscores market exercise amid the surge in investor confidence.
In its official announcement, Nexo highlighted its dedication to driving digital asset adoption.
“America is back — and so is Nexo,” stated 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 championed, not stifled. A place where pioneers are celebrated. Nexo is returning to America — stronger, smarter, and determined to win,” he added.
Why does this matter?
The crypto lender’s re-entry comes after a strategic exit in 2022, pushed by a renewed sense of optimism and a extra favorable regulatory setting.
Nexo is coming again to the USA, the place the rising significance of digital belongings nurtures daring innovation and management.
Proud to be a part of the momentum as we ship our pioneering suite of merchandise to U.S. purchasers.
Full story under.https://t.co/wQUFjKRzUl
— Nexo (@Nexo) April 28, 2025
In returning to the US, the crypto lender joins different corporations, together with crypto change OKX, in making a comeback as business gamers eye the nation’s potential to change into the crypto capital of the world.
Nexo’s return to the US market will mark a major milestone for the digital asset platform.
With this milestone, the corporate plans to roll out a complete suite of providers tailor-made for each retail and institutional purchasers.
These embody high-yield crypto financial savings accounts, providing as much as 14% annual curiosity with each day payouts, and asset-backed credit score traces that enable customers to borrow in opposition to their crypto holdings with out promoting them.
Nexo additionally plans to offer superior buying and selling instruments and institutional-grade liquidity options, together with the pioneering Nexo Card, a crypto-backed debit/bank card.
The platform’s reentry is supported by its strong infrastructure, world licensing, and stringent safety measures, akin to storage with BitGo and a $100 million insurance coverage coverage.
Nexo’s deal with compliance and client-centric innovation positions it to satisfy the rising demand for crypto monetary providers in the US.
NEXO’s worth reached an all-time excessive of $4.63 in November 2021 earlier than plummeting amid the crypto bear market of 2022.
The corporate’s woes within the US amid broader market turbulence added to the downtrend.
