- NEXO returns to the US with fully compliant crypto services.
- NEXO token rises to $0.8871, up 9.4% over the past week.
- Key support lies at $0.8655, with the immediate resistance near $0.9619–$1.07.
NEXO, the native token of the crypto lending and financial services platform Nexo, has seen a notable uptick in price following the company’s return to the United States nine months after announcing it would return.
The token currently trades at around $0.8871, marking a 5.7% surge in 24 hours and a 9.4% gain over the past week, reflecting renewed investor confidence and growing anticipation surrounding the platform’s US relaunch.
The platform originally exited the US market three years ago due to regulatory hurdles.
At the time, Nexo faced scrutiny over its crypto lending products, leading to a temporary halt of its services to American customers.
Now, the company has returned with a fully compliant approach after partnering with Bakkt, a regulated US infrastructure provider, to ensure its offerings meet local financial regulations.
Nexo’s relaunch in the United States
The US relaunch brings back key services that had previously been unavailable.
Users can once again access flexible and fixed-term crypto yield programs, allowing investors to earn interest on their digital assets.
Additionally, Nexo is offering a fully integrated crypto exchange for spot trading.
This gives US clients the ability to buy, sell, and trade supported cryptocurrencies directly on the platform.
Crypto-backed credit lines have also returned, and users can borrow against their digital holdings without having to sell them, providing liquidity while retaining exposure to the assets.
The platform has reintroduced its loyalty program, rewarding clients for participation and activity.
Fiat on and off-ramps are now available, enabling smooth transfers between bank accounts and the platform.
The partnership with a regulated US provider ensures that all these services operate within a compliant framework.
This regulatory alignment not only mitigates risk but also strengthens institutional confidence in NEXO’s operations.
NEXO price forecast
The combination of Nexo’s regulatory-compliant relaunch, a strong product suite, and favourable technical indicators makes the token one to watch in the coming weeks.
Looking ahead, the first major support is at $0.8655, which is crucial for maintaining upward momentum.
If this level holds, the token could test its first major resistance at $0.9619.
Breaking above $0.9619 may open the path to $1.02, with a further target at $1.07.
On the downside, analysts note that if the support at $0.8655 fails, NEXO could slide toward the next support level at $0.7923.
However, the token’s short-term performance will likely depend on the platform’s adoption in the US, liquidity on exchanges, and overall crypto market sentiment.
Source: https://coinjournal.net/news/nexo-token-surges-as-the-crypto-lending-platform-returns-to-us/
