Nexo

Nexo Review 2024: Pros, Cons and How it Compares

In the dynamic world of digital finance, Nexo emerges as a beacon of empowerment.

Nexo Card Review 2024: Pros, Cons and How it Compares

Our Nexo Card review provides a straightforward perspective on its real-world application, from direct spending and rewards to the user experience, helping you decide if it fits your crypto lifestyle.

Nexo Alternatives: Top 10 for Every Investor

Examine the top Nexo alternatives to optimize your crypto investment strategy.

Nexo adds “Dual Mode” credit and debit capabilities to the Nexo Card

Nexo has introduced Dual Mode functionality to the Nexo Card, giving clients the flexibility to switch between credit and debit modes at will.

Coinbase may move out of the US if crypto regulations remain unclear

In a recent discussion during Fintech Week, Coinbase CEO Brian Armstrong claimed that the firm may relocate out of the US if the authorities do not provide clarity on crypto regulations.

Nexo asks US clients to withdraw funds by April

Nexo announced its plans to shut down lending services for US-based customers on April 1. The crypto lender asked its US clients to withdraw their assets from its platform before the deadline.

Nexo Agrees To Pay $45M To US Regulators Over Unregistered Lending Product

Nexo has agreed to pay $45M as penalty fees to the SEC and state regulators for failing to register its Earn Interest Product.

Bulgarian Authorities Raid Nexo’s Offices On Suspicion Of Fraud

Nexo’s offices in Sofia were raided by the Bulgarian police on suspicion of illegal activities involving money laundering, tax fraud, and violations of sanctions against Russia.

Nexo Pens Open Letter On Vauld Acquisition Deal

Nexo has published an open letter in response to Vauld rejecting its final takeover offer.

Nexo Submits Final Takeover Proposal To Vauld’s Creditors

Nexo has sent an open letter to Vauld’s creditors after the latter called off its potential acquisition deal with Nexo.

Vauld Rejects Nexo’s Acquisition Proposal

Vauld has pulled out of potential acquisition by Nexo following Nexo's lack of response to due diligence requests.

Crypto Companies With Proof of Reserves

When it comes to custodial crypto services, there's nothing more important than their proof of reserves. We show who provides them, who doesn't and how it works.

Nexo Obtains Regulatory Approval In Poland

Nexo has won regulatory approval in Poland. It is now registered with the Ministry of Finance of Poland as a Virtual Asset Service Provider (VASP). This gives the company the right to provide services and harness Poland’s potential as a growing crypto hub.

Nexo To Exit US Market Due To Lack Of Regulatory Clarity

Nexo announced its plans to gradually exit the US market after hitting a “dead end” in its discussions with the US regulators.

Investors Sue Nexo For Blocking $126M Worth Of Crypto

Three investors filed a lawsuit in the London High Court against Nexo for blocking them from withdrawing their crypto assets.

Nexo Reports Zero Exposure To Genesis

Nexo’s latest tweets revealed that the platform does not have any exposure to Genesis after the latter suspended its loan services.

Nexo Boasts Of $0 Net Exposure To FTX

Nexo has boasted of its $0 exposure to FTX amid the exchange crisis. Its small loan to Alameda, fully collateralized by digital assets, was sold off a few days ago, making them immune to any losses.

Nexo Set To Incorporate Enterprise-Grade NFT Indexer Zash

Nexo will be integrating enterprise-grade NFT indexer Zash. Through this partnership, Nexo hopes to extract more liquidity from the crypto market and increase its offering.

Nexo’s Co-Founders Debunk Rumors Of Insolvency

Nexo’s Co-Founders reassured investors that Nexo is fully solvent and quelled rumors about the platform facing bankruptcy. They also answered the community’s questions related to Nexo's recent developments.

FTX’s CEO Reveals How They Will Approach Celsius' Auction

Addressing Simon Dixon's Tweets, Sam Bankman-Fried disclosed how FTX would place bids on Celsius’ Assets.

Nexo Acquires Stake In Summit National Bank

Nexo purchased a stake in Hulett Bancorp, a holding that owns Summit National Bank, with Nexo’s Co-Founder and Managing Partner Kalin Metodiev being appointed a board member of the bank.

U.S. Regulators Sue Nexo For Failing To Register Yield Product

Regulators from eight states, including California, filed a lawsuit against Nexo for not registering its “Earn Interest Product,” citing that Nexo’s offerings need to be treated as securities. 

Binance US Launches High-Yield Ethereum Staking Ahead Of Ethereum Merge

With the anticipated happening of the Merge event, Binance US has launched a high-yield staking product for users. But there is a caveat stating that rewards may change depending on factors like transaction fees.

Nexo Launches Its Crypto Trading Platform

Nexo released its all-in-one crypto trading platform, Nexo Pro, to provide spot, margin, and futures trading services to its users.

Latest News

Nexo asks US clients to withdraw funds by April

Nexo announced its plans to shut down lending services for US-based customers on April 1. The crypto lender asked its US clients to withdraw their assets from its platform before the deadline.

Nexo Agrees To Pay $45M To US Regulators Over Unregistered Lending Product

Nexo has agreed to pay $45M as penalty fees to the SEC and state regulators for failing to register its Earn Interest Product.

Bulgarian Authorities Raid Nexo’s Offices On Suspicion Of Fraud

Nexo’s offices in Sofia were raided by the Bulgarian police on suspicion of illegal activities involving money laundering, tax fraud, and violations of sanctions against Russia.

Nexo Pens Open Letter On Vauld Acquisition Deal

Nexo has published an open letter in response to Vauld rejecting its final takeover offer.

Nexo Submits Final Takeover Proposal To Vauld’s Creditors

Nexo has sent an open letter to Vauld’s creditors after the latter called off its potential acquisition deal with Nexo.

Vauld Rejects Nexo’s Acquisition Proposal

Vauld has pulled out of potential acquisition by Nexo following Nexo's lack of response to due diligence requests.

Crypto Companies With Proof of Reserves

When it comes to custodial crypto services, there's nothing more important than their proof of reserves. We show who provides them, who doesn't and how it works.

Nexo Obtains Regulatory Approval In Poland

Nexo has won regulatory approval in Poland. It is now registered with the Ministry of Finance of Poland as a Virtual Asset Service Provider (VASP). This gives the company the right to provide services and harness Poland’s potential as a growing crypto hub.

Nexo To Exit US Market Due To Lack Of Regulatory Clarity

Nexo announced its plans to gradually exit the US market after hitting a “dead end” in its discussions with the US regulators.

Investors Sue Nexo For Blocking $126M Worth Of Crypto

Three investors filed a lawsuit in the London High Court against Nexo for blocking them from withdrawing their crypto assets.

Nexo Reports Zero Exposure To Genesis

Nexo’s latest tweets revealed that the platform does not have any exposure to Genesis after the latter suspended its loan services.

Nexo Boasts Of $0 Net Exposure To FTX

Nexo has boasted of its $0 exposure to FTX amid the exchange crisis. Its small loan to Alameda, fully collateralized by digital assets, was sold off a few days ago, making them immune to any losses.

Nexo Set To Incorporate Enterprise-Grade NFT Indexer Zash

Nexo will be integrating enterprise-grade NFT indexer Zash. Through this partnership, Nexo hopes to extract more liquidity from the crypto market and increase its offering.

Nexo’s Co-Founders Debunk Rumors Of Insolvency

Nexo’s Co-Founders reassured investors that Nexo is fully solvent and quelled rumors about the platform facing bankruptcy. They also answered the community’s questions related to Nexo's recent developments.

FTX’s CEO Reveals How They Will Approach Celsius' Auction

Addressing Simon Dixon's Tweets, Sam Bankman-Fried disclosed how FTX would place bids on Celsius’ Assets.

Nexo Acquires Stake In Summit National Bank

Nexo purchased a stake in Hulett Bancorp, a holding that owns Summit National Bank, with Nexo’s Co-Founder and Managing Partner Kalin Metodiev being appointed a board member of the bank.

U.S. Regulators Sue Nexo For Failing To Register Yield Product

Regulators from eight states, including California, filed a lawsuit against Nexo for not registering its “Earn Interest Product,” citing that Nexo’s offerings need to be treated as securities. 

Binance US Launches High-Yield Ethereum Staking Ahead Of Ethereum Merge

With the anticipated happening of the Merge event, Binance US has launched a high-yield staking product for users. But there is a caveat stating that rewards may change depending on factors like transaction fees.

Nexo Launches Its Crypto Trading Platform

Nexo released its all-in-one crypto trading platform, Nexo Pro, to provide spot, margin, and futures trading services to its users.