- 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.
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.https://t.co/wQUFjKRzUl
— Nexo (@Nexo) April 28, 2025
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.
