Is Nexo available in Switzerland?
Nexo serves residents of Switzerland as a custodial crypto platform, offering its crypto backed credit line, in app Exchange, and the Nexo Card, which reporting in February 2025 indicated had launched in Switzerland. Nexo is headquartered in Zug. The Swiss regulator for financial markets is the Swiss Financial Market Supervisory Authority (FINMA).
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.
How we checked this. We set this status by reading the platform's own terms of use and country eligibility, and the public register kept by the named regulator, then dated the result. Availability can change, so confirm directly with the platform and the regulator before acting. As of 26 June 2026.
Yes. As of 26 June 2026, Nexo is available to residents of Switzerland and offers a custodial account with a crypto backed credit line, an in app Exchange for swaps, savings features, and the Nexo Card, which reporting in February 2025 indicated had launched in Switzerland. Nexo is headquartered in Zug, Switzerland. Switzerland is outside the European Union, so the EU Markets in Crypto Assets framework does not apply, and crypto services are supervised under Swiss law by the Swiss Financial Market Supervisory Authority (FINMA), so confirm the current product scope before acting.
Availability for Switzerland residents
As of 26 June 2026, Nexo is reachable by residents of Switzerland. Nexo is headquartered in Zug and reporting in February 2025 indicated that the Nexo Card launched in Switzerland and Andorra, extending the card beyond the European Economic Area and the United Kingdom. Holding, buying, and selling crypto is legal in Switzerland for residents, and the open question on this page is the scope of the Nexo platform offered to Swiss residents rather than whether owning crypto is allowed.
Switzerland is outside the European Union and the European Economic Area, so the EU Markets in Crypto Assets (MiCA) framework does not apply to services provided to Swiss residents. Instead, financial intermediaries that provide crypto services in or from Switzerland are supervised under Swiss law by the Swiss Financial Market Supervisory Authority (FINMA), and they are generally expected to comply with Swiss anti money laundering rules, typically by affiliating with a FINMA supervised self regulatory organisation or by holding a relevant FINMA authorisation.
Because product availability can change, treat the precise scope of products offered to Swiss residents as something to confirm on the Nexo platform and with FINMA. This page does not assert that Nexo holds a particular Swiss licence, only that it serves Swiss residents and is headquartered in Switzerland as of 26 June 2026. Verify the platform's current regulatory status on the primary sources before acting.
Access, KYC, and products
Nexo is a custodial platform, which means it holds the assets in your account on your behalf rather than giving you the private keys. Swiss users typically open an account through the Nexo app or website, complete identity verification (know your customer, or KYC) using a government issued identity document, and fund the account by transferring crypto from another wallet or by buying crypto with a bank card.
The core products include a crypto backed credit line, which lets a user borrow against crypto held as collateral without selling it, an in app Exchange for swapping one asset for another, and savings or yield features whose availability depends on local rules. The Nexo Card, a Mastercard product that reporting indicated launched in Switzerland in February 2025, lets eligible users spend from their balance or borrow against it.
The exact product mix offered to a given country depends on local rules and on the authorisations Nexo holds. Availability of specific features can therefore differ between Switzerland and other markets, so confirm what is offered to Swiss residents on the platform itself before funding an account. This page describes general availability and does not recommend any product.
How crypto is taxed in Switzerland
Crypto is taxable in Switzerland, administered by the Federal Tax Administration (Eidgenössische Steuerverwaltung, ESTV) together with the cantonal tax authorities. In general terms, for a private investor, capital gains on movable private wealth are typically exempt from income tax, while crypto holdings form part of taxable wealth and are subject to the annual wealth tax based on year end values, and income such as staking or lending rewards can be taxable as income, all as of 26 June 2026.
Where activity is classified as professional or business trading, gains can instead be taxed as income, and treatment varies by canton, so confirm the current position with your cantonal tax authority or a qualified adviser. See the Switzerland crypto tax page for a fuller explanation. This is general information, not tax advice.
Several major platforms serve residents of Switzerland under FINMA supervision. Availability and products vary, so compare the exchanges that are genuinely available in Switzerland before you choose.
Every availability status here is dated and checked against the named regulator's public register. We never place a link to a platform where it is not available.
Regulator and sources
The Swiss regulator for financial markets is the Swiss Financial Market Supervisory Authority (FINMA), with tax administered by the Federal Tax Administration and the cantonal authorities. The position below is stated as of 26 June 2026 and should be confirmed on the primary sources.
- Swiss Financial Market Supervisory Authority (FINMA), guidance and registers on financial intermediaries and crypto services in Switzerland.
- Federal Tax Administration (Eidgenössische Steuerverwaltung) and the cantonal tax authorities, for the tax treatment of crypto assets.
- Nexo Help Center, the page on the jurisdictions in which its products are available and the countries served by the Nexo Card.
- Reporting in February 2025 that the Nexo Card launched in Switzerland and Andorra.
Frequently asked questions
Is Nexo available in Switzerland?
Yes. As of 26 June 2026, Nexo serves residents of Switzerland, offering a custodial account with a crypto backed credit line, an in app Exchange, savings features, and the Nexo Card, which reporting in February 2025 indicated had launched in Switzerland. Nexo is headquartered in Zug. Confirm the current product scope on the Nexo platform and with the Swiss Financial Market Supervisory Authority.
Does MiCA apply to Nexo in Switzerland?
No. Switzerland is outside the European Union and the European Economic Area, so the EU Markets in Crypto Assets framework does not apply to services provided to Swiss residents. Swiss crypto services are supervised under Swiss law by the Swiss Financial Market Supervisory Authority (FINMA).
Is the Nexo Card available in Switzerland?
Reporting in February 2025 indicated the Nexo Card launched in Switzerland and Andorra, extending the card beyond the European Economic Area and the United Kingdom. Card availability can change, so check the current position in the Nexo app before relying on it.
Is it legal to use crypto in Switzerland?
Yes. Holding, buying, and selling crypto is legal for residents of Switzerland, supervised by the Swiss Financial Market Supervisory Authority (FINMA). The open question on this page is the scope of the Nexo platform for Swiss residents, not whether owning crypto is allowed.
How is crypto taxed in Switzerland?
For private investors, capital gains on movable private wealth are generally exempt from income tax in Switzerland, while crypto holdings form part of taxable wealth subject to the annual wealth tax, and staking or lending income, or professional trading, can be taxable. This is administered by the Federal Tax Administration and the cantonal authorities, as of 26 June 2026. See the Switzerland crypto tax page. This is general information, not tax advice.
Where can I confirm the current position?
Check the Swiss Financial Market Supervisory Authority (FINMA) registers and notices, your cantonal tax authority, and Nexo's own Help Center. Those primary sources are the most current way to confirm availability and tax treatment before acting.
Rules change frequently. Exchange availability and authorisations can change at short notice, and the scope of products such as the Nexo Card can be adjusted by market. The position on this page is dated 26 June 2026. Confirm the current status with the Swiss Financial Market Supervisory Authority and the platform before you act.
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