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Techub News reports that the crypto lending platform Nexo will officially return to the U.S. market in 2026. It aims to provide a U.S. regulatory-compliant framework for its investment and credit products. It is reported that its digital asset trading infrastructure is provided by Bakkt. As part of its U.S. operations, Nexo has launched a comprehensive suite of digital asset services designed to support advanced portfolio management and liquidity needs.
Techub News reports, according to Cointelegraph, cryptocurrency lending company Nexo Capital has been accused of issuing thousands of loans to California residents without properly assessing borrowers' repayment ability and must pay a $500,000 fine to the California Department of Financial Protection and Innovation. The regulator stated that between July 2018 and November 2022, Nexo issued at least 5,456 consumer and commercial loans to California residents without holding a valid lending license, and typically did not assess borrowers' financial situations such as repayment ability, existing debt, or credit history before lending. Nexo must transfer all funds of its California customers to its U.S. affiliate entity Nexo Financial LLC, which holds a California lending license, within 150 days.
Techub News reports, according to CoinDesk, asset management platform Nexo has agreed to acquire the Argentine crypto investment platform Buenbit, with the specific transaction amount undisclosed. This transaction aims to deepen Nexo's footprint in Latin America, enabling it to operate under Argentina's regulatory framework and reach Buenbit's user base in the country and Peru. Upon completion of the deal, Buenos Aires will serve as Nexo's Latin American headquarters, supporting its expansion into Mexico and Peru. Nexo operates in over 150 jurisdictions, managing assets of approximately $11 billion. Buenbit is registered with Argentina's National Securities Commission (CNV) and offers fiat-to-crypto asset services.
Techub News reports, according to Arkham monitoring, the U.S. government transferred approximately $7.5 million worth of cryptocurrency in the past 24 hours, including about $300,000 worth of NEXO, about $3 million worth of WETH, and about $4.2 million worth of TRX. According to official data, NEXO and TRX were assets seized from Alameda between 2022 and 2024, while WETH was seized from Bitfinex hacker Ilya Lichtenstein between 2022 and 2024.
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