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Nexo’s U.S. Comeback: Crypto Lending’s Make-or-Break Moment

Nexo’s U.S. Comeback: Crypto Lending’s Make-or-Break Moment

Author:
Blockworks
Published:
2025-04-28 13:30:03
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What Nexo’s move back to the US means for crypto lending

Crypto lending giant Nexo just flipped the script—announcing its return to the U.S. market after regulatory purgatory. The move signals either audacious confidence or reckless timing, depending on which Wall Street skeptic you ask.

Why now? The SEC’s enforcement claws are still out, but Nexo’s betting its restructured product suite—now with extra compliance sprinkles—will dodge the crackdown. Meanwhile, rivals like BlockFi collapsed under the weight of their own leverage.

Retail traders win (for now). Higher yields than traditional savings accounts—assuming you’re cool with ‘not your keys, not your crypto’ vibes. Institutional players? Still watching from the sidelines, sipping overpriced coffee and waiting for the next domino to fall.

Bottom line: Nexo’s play could reignite crypto lending… or become a cautionary tale for the next bull run’s ‘innovative’ financial products. Bonus jab: Somewhere, a hedge fund manager is shorting this news while secretly stashing Bitcoin in a cold wallet.

|Square

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