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One platform for global traditional assets
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Crypto lending platform Nexo officially returns to the US market after approximately three years, launching a suite of digital asset services including fixed and flexible yield accounts, crypto-backed loans, integrated crypto exchange, and fiat on/off ramps. The related trading and infrastructure are supported by the US-compliant platform Bakkt. Nexo previously exited the US market in 2022 due to conflicts with US state and federal regulators over its Earn interest product. Nexo stated that this return is made possible by the currently more friendly crypto policy environment. Currently, Nexo manages approximately $11 billion in assets and has processed a total of $371 billion in global transactions. (CoinDesk)