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Nexo
Europe's Economic Crossroads: Recession Fears and S&P Global's
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CryptoCurrency
Nexo Aligns with FCA’s Guidelines: Resumes Onboarding UK Clients
2024-09-03T14:00:00.000+02:00
The platform stopped onboarding new clients last year, days before the regulator’s new financial promotions rules became effective.
It has now introduced the mandatory Investor Categorisation questionnaire and Appropriateness Assessment questionnaire for all users.
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Thought Leaders
Nexo Enhances Data Security Credentials With SOC 3 Assessment and SOC 2 Audit Renewal
2024-07-25T20:30:51.746+02:00
Nexo has good reasons for obtaining verification that its data security is fit for purpose
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CryptoCurrency
Nexo Secures Initial Approval to Offer Digital Asset Services in Dubai
2024-03-05T17:01:32.264+02:00
This authorization enables the company to provide various crypto services, including lending and borrowing.
This approval marks Nexo's entry into Dubai's digital asset space.
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CryptoCurrency
Nexo AG Files $3 Billion Arbitration Claim against Bulgaria
2024-01-24T13:25:24.591+02:00
The firm claimed a deal with a major European football club was halted just days before signing.
Collaboration with investment banks for a funding round and an IPO, valued between $8- $12 billion, was interrupted.
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CryptoCurrency
“We Are So Close, Yet So Far”: Industry Leaders Unveil Insights on Crypto Regulation
2023-12-28T10:57:05.848+02:00
The FMLS panelists of “Crypto Regulation after FTX” agreed that success relies on collaboration.
The talk stressed faster rule updates through industry-regulator dialogue.
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CryptoCurrency
Money Laundering Charges against Nexo in Bulgaria Dropped
2023-12-23T10:03:02.217+02:00
Nexo offices in the country were raided in January.
The prosecutors could not find any evidence against the company.
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CryptoCurrency
How Will Nexo Adjust to New Rules from the FCA?
2023-10-10T15:28:10.673+02:00
Are concerns of crypto firms' exodus valid?
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Pedro Ferreira
CryptoCurrency
Nexo Responds to FCA: Ending Crypto Cashback Payouts in the UK
2023-10-06T16:00:54.948+02:00
The FCA has imposed stringent promotion rules for the cryptocurrency industry.
Other firms, including PayPal, Luno, and Bybit, have scaled back their services in the UK.
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CryptoCurrency
Crypto Lender Nexo Moves to Disband UK Subsidiaries
2023-05-11T23:20:41.168+02:00
However, the firm told Bloomberg it is not planning to leave the European country.
Nexo is battling prosecution in Bulgaria.
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CryptoCurrency
Crypto Lender Nexo Fined $46.5M for US Securities Law Violations
2023-01-20T08:38:40.470+02:00
The company agreed to the settlement, paying the monetary penalty.
It is also facing a criminal investigation in Bulgaria.
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CryptoCurrency
Bulgaria Launches Probe of Crypto Lender Nexo, Raids Offices
2023-01-12T15:08:15.406+02:00
The probe relates to the alleged AML failure and violation of sanctions against Russia.
Nexo accused regulators of adopting a "kick first, ask questions later" method.
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Institutional FX
Nexo Prime Enhances Service with oneZero Integration
2022-12-22T18:00:00.000+02:00
The integration will offer Nexo Prime clients access to MT4 and MT5 platforms.
Nexo launched its prime services earlier this year.
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News
Nexo Launches Crypto-Backed Card Powered by Mastercard
2022-04-13T21:49:00.000+02:00
Nexo inked a deal with Mastercard and DiPocket.
The crypto card will be available in select European markets.
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Institutional FX
Crypto Lending Platform Nexo Launches Prime Brokerage Services
2022-04-06T19:28:43.565+02:00
Nexo Prime was built over 18 months with a core client group.
Clients to have access to $375 million in custodial insurance.
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CryptoCurrency
Nexo Ventures to Invest $150 Million in Web3 Startups and Institutions
2022-03-23T15:03:14.476+02:00
Nexo announced the launch of Nexo Ventures, led by Tatiana Metodieva.
Nexo Ventures will also focus on GameFi, compliance solutions and the metaverse.
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CryptoCurrency
Nexo Taps Bakkt for Crypto Services
2022-01-19T16:28:37.554+02:00
Nexo partners with Bakkt.
Nexo will use Bakkt’s Warehouse to safeguard its customers’ crypto assets.
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Thought Leaders
Armanino Helps Nexo Achieve Unprecedented Lending Accountability
2021-09-27T10:06:33.000+02:00
Nexo has has been audited by Armanino to provide real-time updates regarding its asset-customer liability threshold.
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Nexo Officially Integrates Cardano’s ADA into Its Platform
2021-06-30T21:02:26.000+02:00
Nexo's customers will be able to buy ADA on the platform's exchange, as well as earn interest by holding it on the wallet.
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Thought Leaders
5 Fintech Brands Dominating Crypto
2021-03-12T11:34:26.000+02:00
5 fintech companies have not only successfully transitioned into the digital asset domain but are also dominating it.
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