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Nexo’s futures markets aren’t targeted at high-leverage traders of existing perps exchanges. Rather, they’re designed for Nexo’s existing customer base, as well as users of other exchanges who’ve yet to experiment with leveraged products. Crypto exchange Nexo has expanded its core products with the introduction of futures trading. The exchange now
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"Nexo is committed to our U.K. community, and we regard our compliance responsibilities with the highest priority, reflecting our aim of nurturing a robust crypto ecosystem," a company spokesperson said. "Additionally, our enhanced interface epitomizes our dedication to a consistent user experience in the evolving financial advertising context." Source
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Bulgarian decentralized lending platform Nexo has unveiled a crypto-powered debit and credit Mastercard for citizens of the European Economic Area (EEA).According to the Aug. 31 announcement, the Nexo Card will allow users to spend their euro, U.S. dollar, and British pound stablecoins via debit transactions at over 100 million merchant
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Also announced was a partnership with startup Tokenproof. Original Source
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As regulatory scrutiny continues to circle the wider Web3 ecosystem, cryptocurrency lending platform Nexo will look to leverage training resources, connections and data by joining the association of certified sanctions specialists (ACSS).The association offers training and certification for sanctions professionals across a variety of industries including financial institutions, international corporations,
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According to the court judgment by the London’s High Court on June 27, Nexo and its co-founder Georgi Shulev are disputing the whereabouts of a Ledger hardware wallet containing some of the company’s crypto holdings. Shulev, who is a son of Bulgaria’s former deputy prime minister Lydia Shuleva, founded the
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The North American Securities Administrators Association and the U.S. Securities Exchange Commission already announced in January that a settlement had been reached. Source
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The US Securities and Exchange Commission (SEC) has levied a $45 million fine on Nexo Capital Inc. The SEC explains the reason for the fine in a tweet, Today we charged Nexo Capital Inc. with failing to register the offer and sale of its retail crypto asset lending product, the Earn
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In addition to paying fines, Nexo will reportedly cease its unregistered lending product to all US investors. Crypto-lending firm Nexo has agreed to pay fines of $45 million to the Securities and Exchange Commission (SEC) for violating federal securities law. According to the regulatory agency, Nexo failed to register its crypto asset lending
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The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo detailed that the settlements are on a “no admit, no
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