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Nexo (NEXO) price surges as crypto lender announces US return Nexo (NEXO) price surges as crypto lender announces US return

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Nexo (NEXO) price surges as crypto lender announces US return – Crypto News

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9 months ago

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  • NEXO token’s price jumped nearly 9% on Monday, April 28, 2025.
  • Gains came amid news that Nexo is relaunching in the United States market.
  • The crypto lender exited in 2022.

Nexo’s native token, NEXO, has seen a notable price surge following the company’s announcement of its return to the United States market.

According to CoinMarketCap, NEXO rose to highs of $1.31 on Monday, gaining more than 9% as the market reacted to the news.

The token was trading near $1.24 at the time of writing, indicating some profit-taking after the surge.

Nexo announces US comeback

Nexo’s market capitalization stood at $777 million, ranking among the top 100 cryptocurrencies by market cap.

Its 24-hour trading volume of $26 million was up 150%, a scenario that underscores market activity amid the surge in investor confidence.

In its official announcement, Nexo highlighted its commitment to driving digital asset adoption.

“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 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, driven by a renewed sense of optimism and a more favorable regulatory environment.

In returning to the US, the crypto lender joins other firms, including crypto exchange OKX, in making a comeback as industry players eye the country’s potential to become the crypto capital of the world.

Nexo’s return to the US market will mark a significant milestone for the digital asset platform.

With this milestone, the company plans to roll out a comprehensive suite of services tailored for both retail and institutional clients.

These include high-yield crypto savings accounts, offering up to 14% annual interest with daily payouts, and asset-backed credit lines that allow users to borrow against their crypto holdings without selling them.

Nexo also plans to provide advanced trading tools and institutional-grade liquidity solutions, including the pioneering Nexo Card, a crypto-backed debit/credit card.

The platform’s reentry is supported by its robust infrastructure, global licensing, and stringent security measures, such as storage with BitGo and a $100 million insurance policy.

Nexo’s focus on compliance and client-centric innovation positions it to meet the growing demand for crypto financial services in the United States.

NEXO’s price reached an all-time high of $4.63 in November 2021 before plummeting amid the crypto bear market of 2022.

The company’s woes in the US amid broader market turbulence added to the downtrend.

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