Is Nexo available in the United Kingdom?
Nexo serves residents of the United Kingdom and resumed onboarding UK clients after aligning with the Financial Conduct Authority (FCA) financial promotion rules. UK users complete an investor categorisation and an appropriateness assessment before accessing certain products, and the Nexo Card is available to UK residents.
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, with limits. As of 26 June 2026, Nexo serves residents of the United Kingdom and resumed onboarding UK clients after aligning with the Financial Conduct Authority (FCA) financial promotion rules for cryptoassets. UK users complete an investor categorisation and an appropriateness assessment before accessing certain products, some features such as staking require a knowledge check, and the Nexo Card is available to UK residents. Confirm the current scope with the FCA and on the Nexo platform before acting.
Availability for the United Kingdom residents
As of 26 June 2026, the United Kingdom is not on Nexo's list of restricted jurisdictions, and Nexo lists the United Kingdom among the markets with access to its platform. The relevant regulator is the Financial Conduct Authority (FCA). Nexo upgraded its onboarding to meet the FCA financial promotion regime for cryptoassets before resuming registration of UK clients.
Under the FCA financial promotion rules that took effect in October 2023, firms communicating crypto promotions to consumers in the United Kingdom must, among other things, place new customers into an investor category and run an appropriateness assessment of their understanding before they can proceed. Nexo applies these steps to UK users, and some features, such as staking, require completing a knowledge assessment. The Nexo Card, a Mastercard, is available to residents of the United Kingdom and the European Economic Area.
The wider UK regime is changing. The Financial Conduct Authority is building a full authorisation regime for cryptoasset firms, with the application window scheduled to open on 30 September 2026 and the new rules expected to take effect later, so the basis on which Nexo serves UK residents may evolve. Holding, buying, and selling crypto is legal in the United Kingdom, and the open question on this page is the authorisation and product scope of the Nexo platform. The status here is stated as of 26 June 2026.
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. Users in the United Kingdom open an account through the Nexo app or website and complete identity verification, known as know your customer or KYC, using a government issued identity document. Before accessing certain products, UK users also complete the FCA required investor categorisation and appropriateness assessment.
The core products available to eligible UK users 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 the Nexo Card for spending or borrowing against a balance. Savings or yield features and staking can carry extra steps or restrictions to meet UK rules.
Because availability of specific features can differ between the United Kingdom and other markets, confirm what is offered to UK 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 the United Kingdom
Crypto is taxable in the United Kingdom, administered by His Majesty's Revenue and Customs (HMRC). In general terms, when an individual disposes of crypto, by selling, swapping, or spending it, any gain can be subject to Capital Gains Tax above the annual exempt amount, while crypto received from activities such as some rewards, mining, or staking can be subject to Income Tax (as of 26 June 2026).
Rates depend on your income band, and allowances, rates, and reporting duties change and depend on personal circumstances, so confirm the current treatment with His Majesty's Revenue and Customs or a qualified adviser. See the United Kingdom crypto tax page for a fuller explanation. This is general information, not tax advice.
Several major platforms serve residents of the United Kingdom under the FCA financial promotion rules. Availability and products vary, so compare the exchanges that are genuinely available in the United Kingdom 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 United Kingdom regulator for cryptoasset financial promotions and the coming authorisation regime is the Financial Conduct Authority (FCA). The position below is stated as of 26 June 2026 and should be confirmed on the primary sources.
- Financial Conduct Authority (FCA), guidance on the cryptoasset financial promotion regime and the new regulatory regime for cryptoassets.
- Financial Conduct Authority Financial Services Register, for the status of firms operating in the United Kingdom.
- Nexo Help Center, the page on the jurisdictions in which its products are available and the countries served by the Nexo Card.
- Nexo announcements on measures implemented to meet United Kingdom financial promotion rules and to resume onboarding UK clients.
Frequently asked questions
Is Nexo available in the United Kingdom?
Yes, with limits. As of 26 June 2026, Nexo serves residents of the United Kingdom after aligning with the Financial Conduct Authority financial promotion rules. UK users complete an investor categorisation and an appropriateness assessment, and the Nexo Card is available. Confirm the current scope on the Nexo platform.
Why does Nexo ask UK users extra questions?
Under the FCA financial promotion rules in force since October 2023, firms must categorise new customers and run an appropriateness assessment of their understanding before they can proceed. Nexo applies these steps to comply with the Financial Conduct Authority.
Is the Nexo Card available in the United Kingdom?
Yes. Nexo lists the United Kingdom and the European Economic Area among the regions eligible for the Nexo Card, a Mastercard. Physical card issuance has at times been paused, so check the current position in the Nexo app.
Is it legal to use crypto in the United Kingdom?
Yes. Holding, buying, and selling crypto is legal for residents of the United Kingdom. The open question on this page is the authorisation and product scope of the Nexo platform, not whether owning crypto is allowed.
How are Nexo gains taxed in the United Kingdom?
His Majesty's Revenue and Customs generally treats disposals of crypto by individuals as subject to Capital Gains Tax above the annual exempt amount, while some receipts can be subject to Income Tax. See the United Kingdom crypto tax page. This is general information, not tax advice.
Where can I confirm the current position?
Check the Financial Conduct Authority guidance and register, and Nexo's own Help Center. Those primary sources are the most current way to confirm availability before acting.
Rules change frequently. Exchange availability and authorisations can change at short notice, and the United Kingdom is moving toward a full cryptoasset authorisation regime, with the Financial Conduct Authority application window scheduled to open on 30 September 2026. The position on this page is dated 26 June 2026. Confirm the current status with the Financial Conduct Authority and the platform before you act.
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