Nexo: availability and regulation
Nexo is a digital assets platform offering a custodial wallet, crypto backed credit lines, an exchange service, and interest bearing accounts. It serves clients across the European Economic Area, the United Kingdom, Australia, and Singapore, and began a United States rollout in early 2026. In June 2026 it said it had moved to a MiCA compliant structure under German supervision.
Information, not advice. This is general information, not legal, tax, or financial advice. Verify the current rules with a qualified local professional and the official regulator before acting.
Nexo is a custodial digital assets platform founded in 2018 that combines a wallet, an exchange, crypto backed borrowing, and yield products. As of February 2026 it is available across the European Economic Area, the United Kingdom, Australia, Singapore, and other markets, and announced that European Economic Area services now run under a MiCA compliant structure supervised in Germany. It exited the United States in 2022 and started a phased return to United States clients in early 2026 through a partnership.
What Nexo is
Nexo is a digital assets platform founded in 2018. Through one app it offers a custodial wallet, an exchange to buy and swap crypto, crypto backed credit lines that let users borrow against their holdings, interest bearing accounts, and a card linked to a user's balance in eligible regions.
The platform is custodial, which means Nexo holds the assets in your account for you. The interest products and the credit lines carry their own terms and risks that differ from simply holding crypto. Fees and rates vary by product and region, so confirm the current schedule and the available features on the platform before acting.
Nexo operates through a group of entities and registrations across several jurisdictions rather than under a single global licence. The product set offered to a given user depends on where they live.
Registrations and licences
- European Economic Area. Nexo announced in June 2026 that it had established a MiCA compliant structure under the oversight of Germany's Federal Financial Supervisory Authority (BaFin), with services for European Economic Area clients continuing (as of February 2026).
- United States. Nexo withdrew from the United States in 2022 and announced a return in 2025 through a partnership, with a rollout to United States clients beginning in early 2026. Availability and the products offered vary by state (as of February 2026).
- Other markets. Nexo serves clients in the United Kingdom, Australia, Singapore, and other countries through local registrations and entities. The exact authorisation differs by market (as of February 2026).
- Group structure. Nexo uses a mix of entities across jurisdictions. Because the structure is fragmented, the registration that applies to a given product can differ, so the platform's own licences page is the authoritative reference (as of February 2026).
Each registration is stated as of 21 June 2026. Licences and registrations change. Confirm the current position on the regulator register and the licences page of the platform before acting.
Where Nexo is available
As of February 2026 Nexo is available to residents across the European Economic Area, where it says it now operates under a MiCA compliant structure, along with the United Kingdom, Australia, Singapore, and a number of other markets. The card and certain products are limited to eligible regions.
Nexo began a phased return to the United States in early 2026 after leaving in 2022. Which products are live and in which states can change during a rollout, so check the current position on the platform for your country and state before signing up.
Nexo is one of several platforms available across Europe and beyond. Availability depends on where you live, so compare the exchanges that are genuinely available in your country before you choose.
Regulator and sources
The supervising authority differs by market. For European Economic Area services Nexo points to oversight by Germany's Federal Financial Supervisory Authority (BaFin) under the Markets in Crypto Assets framework. In other markets it relies on local registrations, and in the United States its return runs through a partnership and applicable state rules. The platform's own licences page is the authoritative reference for which entity applies to which product.
- Nexo support and regulation pages on its official site.
- Nexo announcement on its MiCA compliant structure, June 2026.
- Public reporting on Nexo's United States exit in 2022 and its 2025 and 2026 return.
Frequently asked questions
Is Nexo safe and regulated?
Nexo is a digital assets platform that offers a custodial wallet, crypto backed credit lines, an exchange service, and yield products. It operates through a group of entities and registrations rather than a single global licence. In June 2026 Nexo said it had moved to a MiCA compliant structure under German supervision for European Economic Area clients. No registration removes market or platform risk, and this is information rather than advice.
Is Nexo available in the United States?
Nexo left the United States in 2022 and announced a return in 2025 through a partnership, with a rollout to United States clients beginning in early 2026. Availability and the products offered can vary by state, so confirm the current position on the platform for your state before signing up. This is current as of February 2026.
Does Nexo hold my crypto?
Yes. Nexo is a custodial platform, which means it holds the assets in your account for you. Holding your own keys requires a separate self custody wallet.
Is Nexo MiCA compliant?
Nexo announced in June 2026 that it had established a MiCA compliant structure under German regulatory oversight, with services for European Economic Area clients continuing. Confirm the current authorisation status on the regulator register before acting. This is current as of February 2026.
Which countries can use Nexo?
Nexo serves clients across the European Economic Area, the United Kingdom, Australia, Singapore, and a number of other markets, and began a United States rollout in early 2026. Availability and the product set vary by country, so check the platform for your country. This is current as of February 2026.
Rules change frequently. Exchange availability, registrations, and the rules that govern them can change at short notice and vary by region. The position on this page is dated 21 June 2026. Confirm the current status with the named regulator and the platform before you act.
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