Nexo

Nexo's strongest argument is 2022. Celsius, Voyager, BlockFi and Genesis all froze withdrawals that year and later filed for bankruptcy. Nexo kept paying out. We found no incident in which Nexo clients lost funds to a hack or a freeze.

Its model is still the one that failed at those firms. Nexo takes custody of your coins, pays interest on them, and its terms allow it to use them. If Nexo fails, you are a creditor. The platform publishes security credentials rather than a live liabilities report: SOC 2 Type 2 and SOC 3 audits, ISO 27001, and CCSS Level 3. It names Bakkt as its US custodian and Tangany, a BaFin-regulated firm, for the EEA. Those credentials show how the coins are stored. They do not show whether the balance sheet can cover every client at once.

Is Nexo insured? Not in the way a bank account is. Nexo is not a bank, and client balances have no deposit insurance. Security certifications and custodian arrangements cover how coins are stored. They do not cover losses from Nexo's lending or from Nexo failing as a company.

The regulatory record is long. Eight US states filed actions in September 2022. Nexo said in December 2022 that it would leave the US, and in January 2023 it paid $45 million to the SEC and state regulators. Bulgarian prosecutors raided its Sofia offices that same month and dropped the case by the end of 2023. Nexo then filed a $3 billion damages claim against Bulgaria. In January 2026 California's DFPI fined it $500,000 over unlicensed lending.

Nexo is a crypto wealth platform. Antoni Trenchev and Kosta Kantchev founded it in 2018, and Nexo Capital Inc., a Cayman Islands company, is the main entity. It runs four businesses that feed each other:

The NEXO token ties these together. Your loyalty tier depends on the share of your portfolio held in NEXO, and a higher share gets better savings and borrowing rates, more cashback and more free withdrawals. That is a strong incentive to keep a meaningful slice of your holdings in one company's token. Price and supply: NEXO market page.

Nexo has expanded since 2025. It agreed to buy Buenbit, an Argentine exchange registered with the CNV, in December 2025, and it has become a sports sponsor, including the Audi Formula One team from 2026, the DP World Tour and the Australian Open.

Yes, again. On 16 February 2026 Nexo relaunched Yield, Exchange, Loyalty and Credit Lines in the US through regulated partners, with Bakkt providing the trading and custody infrastructure. That ended a three-year absence after the 2022–23 state and SEC actions over its Earn Interest Product, which regulators treated as an unregistered security.

Nexo also holds a California Financing Law licence (60DBO-109416), the same state that fined it a month before the relaunch. Check which US products are available in your state before you move collateral, because lending products are still licensed state by state.

Nexo publishes no single fee table. What you pay depends on your loyalty tier, which means on how much NEXO you hold. The loyalty page lists these benefits at the upper tiers: free withdrawals on more than 15 networks, one free monthly withdrawal to a bank account or via the BTC, ETH, TIA or BSC networks, up to 0.5% back on exchange trades, and up to 2% card cashback.

Borrowing costs work the same way. Credit lines start at 1.9% a year, and the cheapest rates depend on tier and loan-to-value. The cost that tends to catch people out is liquidation. If your collateral falls far enough, Nexo sells part of it automatically, so the effective price of a loan includes the risk of selling near a market low.