$85,309.00
0.80%$1,602.58
1.05%$3.72
1.12%$2.09
0.56%$593.11
0.60%$139.08
3.20%$0.999972
-0.00%$0.158637
1.99%$0.242314
-0.88%$0.630805
2.45%$1,602.13
1.11%$85,103.00
0.65%$9.36
2.18%$12.87
1.70%$19.53
1.57%$0.247122
1.93%$2.99
-0.29%$0.999878
-0.02%$0.0000122
1.74%$0.166717
0.77%$2.15
1.10%$1,920.12
0.87%$339.16
2.87%$18.09
6.94%$76.31
0.95%$4.47
2.65%$1.00
0.01%$0.99933
0.04%$0.646773
5.44%$1,601.35
0.94%$28.03
0.71%$215.54
-1.00%$1,706.10
0.93%$85,240.00
0.83%$5.28
1.50%$0.00000731
1.29%$50.64
0.51%$4.79
3.47%$22.65
0.93%$0.845982
1.83%$2.11
1.58%$1.048
0.04%$31.27
-10.27%$1.00
0.00%$284.21
10.67%$15.86
3.22%$4.86
2.66%$0.084456
0.42%$0.65959
-0.61%$139.90
0.09%$1.17
0.04%$4.07
1.49%$0.07769
1.09%$0.02331041
1.49%$4.16
-0.46%$4.23
-0.01%$84,737.00
0.50%$8.44
10.84%$0.192687
1.34%$2.51
2.83%$0.189546
1.06%$0.999013
0.02%$0.284698
0.48%$0.467167
-1.30%$2.39
-1.05%$3.90
1.65%$0.525569
3.22%$0.293191
0.66%$9.97
-1.32%$85,142.00
0.60%$145.48
3.27%$1,362.76
1.17%$0.071399
1.00%$0.669172
1.22%$0.384818
1.33%$3.87
-0.39%$1.029
0.37%$0.01609824
6.97%$1,602.94
1.09%$0.00001221
0.41%$1,668.29
0.82%$0.620545
-0.90%$64.46
-1.28%$0.607996
2.90%$0.999764
-0.02%$0.716355
-0.75%$0.16997
-0.09%$0.469498
8.00%$0.999676
-0.01%$1.00
0.03%$3,348.41
-0.04%$14.39
4.52%$0.620926
4.99%$0.999827
-0.02%$8.14
2.59%$0.780184
2.75%$0.081039
4.26%$3,347.11
-0.08%$1,803.07
0.82%$84,870.00
1.46%$593.33
0.67%$0.01506903
11.72%$85,160.00
0.80%$0.997715
-0.01%$153.29
3.40%$0.670913
15.43%$0.668814
3.40%$2.27
3.59%$178.71
3.28%$0.264123
2.47%$0.01448969
2.03%$0.699778
0.70%$0.999576
0.02%$1,704.39
1.19%$3.46
-0.76%$0.01845262
3.50%$0.636088
-0.63%$0.162824
2.07%$0.00000061
1.24%$0.243034
1.34%$0.10033
-1.02%$1.089
-1.16%$0.370511
3.29%$28.80
1.37%$0.00005708
-0.97%$1.90
0.36%$0.423785
6.61%$0.502749
0.76%$1.64
2.26%$0.278944
-0.92%$3.17
0.87%$31.52
4.71%$1,675.28
0.96%$0.138412
0.86%$85,060.00
0.52%$0.998365
0.02%$83,187.00
1.23%$0.066709
-2.02%$14.28
1.74%$0.999965
-0.01%$0.9999
-0.02%$1.66
-2.87%$0.41953
-1.60%$0.582664
1.50%$2.11
6.14%$85,309.00
0.75%$83,087.00
0.00%$0.00000042
-0.82%$0.00729021
-2.11%$0.443124
-0.17%$0.00443404
-1.29%$1.084
1.02%$0.158645
2.15%$1,672.86
0.87%$0.999764
0.16%$1.15
1.31%$0.403522
-0.16%$0.00002019
1.19%$14.19
-0.08%$5.59
0.51%$110.75
0.00%$1,704.98
1.16%$84,698.00
0.47%$0.579354
1.37%$1,600.70
0.96%$22.88
0.33%$3.39
-1.64%$2.29
0.48%$0.126212
1.10%$0.03660099
5.86%$0.999962
0.06%$5.50
2.86%$0.069884
4.25%$1,601.82
1.06%$39.77
-0.89%$0.03725454
2.48%$0.443154
3.00%$1.001
0.23%$1,602.31
1.02%$1,602.24
1.10%$0.999777
-0.03%$0.128315
0.18%$0.189606
0.77%$0.163497
0.44%$0.072096
-0.80%$1.003
0.33%$0.00618334
2.38%$0.00005962
0.72%$0.9998
-0.01%$0.01656456
-0.54%$0.761887
0.58%$0.271261
-0.39%$0.38794
-1.03%$0.501035
2.04%$0.03077462
0.53%$0.00478755
-5.25%$0.00355087
0.20%$0.9997
0.05%$1.00
0.01%$0.04172448
18.21%$1,616.83
0.30%$0.682922
1.86%$107.96
-0.48%$0.295979
0.32%$0.00000135
6.07%$3.42
-1.84%$85,218.00
0.71%$2.45
1.11%$3,232.49
0.00%$0.266956
-0.12%$0.127947
1.97%$1.06
0.89%$0.213676
2.67%$2.75
0.42%$84,919.00
-0.16%$21.17
2.92%$23.32
8.68%$0.999791
-0.02%$1,584.86
0.93%$0.567927
0.28%$1.00
0.02%$0.172638
2.07%$0.529247
-1.14%$1,601.92
1.03%$0.420101
1.15%$0.01188465
1.53%$1,693.87
0.84%$0.239088
-0.83%$19.52
1.60%$0.02752824
-0.08%$0.464137
0.98%$1,712.68
0.83%$0.00259725
5.14%$0.099749
0.52%$0.00037414
-1.62%$2.13
3.18%$0.921375
0.74%$1.14
0.25%$0.999883
0.00%$0.257377
-0.16%$0.00245524
2.89%$3.34
-9.84%$0.636126
0.41%$0.085849
-3.09%$85,141.00
0.19%$1,755.56
1.02%$13.03
3.03%$0.999436
-0.00%Reading
Crypto lender Nexo today announced it will gradually phase out U.S. products and services over the coming months due to hitting a “dead end” with regulators.
The U.K. company said in a Monday announcement that it had been talking with regulators for 18 months but the U.S. “refuses to provide a path for enabling blockchain businesses.”
Nexo is a digital asset platform that loans out client funds and uses the proceeds to pay interest. (Disclosure: Nexo is one of 22 investors in Decrypt.)
“Our decision comes after more than 18 months of good-faith dialogue with U.S. state and federal regulators which has come to a dead end,” the company said in a blog post.
The company added that state and federal regulators had “inconsistent and changing positions” and that it now “cannot give our customers confidence that regulators are focused on their best interests.”
Today we are announcing the regrettable but necessary decision that Nexo will be phasing out its products and services in the United States due to a lack of regulatory clarity. 🧵
— Nexo (@Nexo) December 5, 2022
The company said it would from tomorrow discontinue its Earn Interest Product in eight states—Indiana, Kentucky, Maryland, Oklahoma, South Carolina, Wisconsin, California and Washington—and no longer allow U.S. customers to sign up to the Earn product. Access to accounts and withdrawals will not be affected, the company said.
State securities regulators in California and several other states in September took action against Nexo’s parent company Nexo Group, claiming the company’s Earn Interest Product was an unregistered security.
The ongoing liquidity issues at crypto lenders BlockFi, Celsius, and Voyager Digital have put other crypto lenders in the hot seat, with some rushing to assure clients that their funds are safe. But Nexo, which points to its real-time attestations from accounting firm Armanino as proof that it hasn’t gone the way of its competitors, has also had to contend with a Twitter user who claims its co-founder Kosta Kantchev embezzled funds from a charity to build “a palace the size of a high school.” In...
Unlike other crypto lenders such as BlockFi, Voyager, and Celsisus, which have all collapsed following the fall of crypto project Terra and digital asset exchange FTX, Nexo has so far managed to keep its head above water.
Editor's note: This article was updated after publication to clarify that while Nexo's Earn product is being discontinued in the U.S., the company says customers will continue to have access to withdrawals.
Formula 1 has renewed its partnership with exchange platform Crypto.com, extending the agreement through 2030 as both entities seek to capitalize on their shared momentum. The renewed partnership will see Crypto.com continue to feature prominently at key Formula 1 events, including the Miami Grand Prix, where it has been the title sponsor since the race’s inception in 2022. The deal, first inked in 2021, marked Formula 1’s foray into the crypto world at a time when digital assets were experienc...
Mo Shaikh, a co-creator of the Aptos blockchain and co-founder and CEO of the Aptos Labs firm that helps support it, announced Thursday that he's leaving the company to focus on a "new chapter." "Today, I am stepping away from Aptos Labs to start a new chapter," Shaikh wrote on X. "One of my true passions lies in building companies from the ground up, and we have done that at Aptos Labs by building a world-class team." "I leave Aptos Labs with the utmost confidence in the team," he continued, "a...
Building on the momentum of anticipated changes to U.S. crypto policy, Binance.US said it aims to restore its USD services in early 2025, according to a statement shared with Decrypt. It marks the exchange's first major operational shift as regulatory pressure forced the exchange to suspend fiat trading last year. The platform has operated under restricted banking access since June 2023, when SEC civil claims triggered a suspension of dollar deposits and withdrawals. "While I can't provide a de...
