Nexo, the crypto lender, is set to reenter the U.S. market nearly two years after halting its services due to regulatory issues surrounding its Earn Interest Product. Following a $45 million settlement with U.S. regulators, Nexo plans to offer crypto savings accounts and loans to both retail and institutional clients, coinciding with a potential easing of regulatory scrutiny under the current administration.
OKX is launching its exchange and wallet services in the U.S. while establishing its regional headquarters in San Jose, California. This expansion follows a $500 million settlement with the Department of Justice over allegations of operating without a proper license for money transmission services.