Crypto lender Nexo Inc. is phasing out its products and services in the US market after facing cease-and-desist orders from multiple states over its interest-earning products.
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Coinbase vs Nexo: Top Crypto Platform Market in 2024 | BitcompareWhat is Nexo? | NEXO Crypto | Delphi DigitalNexo: Buy, Exchange, and Store Bitcoin & CryptoNexo’s Strong Fundamentals Support Your Assets • Nexo“Our decision comes after more than 18 months of good-faith dialogue with US state and federal regulators which has come to a dead end,” Nexo said in a statement on Monday. “Although regulators initially encouraged our cooperation and a sustainable path forward appeared viable, the events of recent weeks and months and the subsequent change in regulators’ behavior point to the opposite,” it said.
