NEXO token jumps after Nexo relaunches compliant services in US
NEXO, the native token of crypto lending platform Nexo, rose to about $0.8871 after the company resumed fully compliant services in the United States. The token gained 5.7% in 24 hours and 9.4% over the past week as Nexo returned to the US market nine months after announcing its comeback. Nexo had left the US three years ago amid regulatory scrutiny of its lending products; it now re-entered through a partnership with regulated infrastructure provider Bakkt. The relaunch restores flexible and fixed-term yield programs, a spot exchange, crypto-backed credit lines, a loyalty rewards program, and fiat on/off-ramps for US users. Technical levels to watch: immediate support at $0.8655, first resistance at $0.9619, and higher targets at $1.02–$1.07; downside support sits near $0.7923. Short-term token performance will depend on US adoption, liquidity, and broader market sentiment.
Bullish
Nexo’s return to the US with a regulated partner and restored product suite is a positive fundamental development for NEXO token demand. Reintroducing yield programs, credit lines, spot trading and fiat rails opens multiple on-ramps for retail and institutional capital, which tends to increase token utility and liquidity. The immediate price reaction (≈+5.7% daily, +9.4% weekly) signals renewed investor confidence. Technicals show key support at $0.8655 and resistance at $0.9619; holding support would favor further upside toward $1.02–$1.07. Historically, crypto projects that resolve regulatory uncertainty and regain access to major markets often see short-term rallies as capital flows back in (examples: Paxos/BUSD developments, exchanges regaining licensure). Risks that could temper bullishness include broader market selloffs, slow user onboarding in the US, or execution issues with the Bakkt partnership. Short-term impact: likely bullish momentum and increased trading volume for NEXO. Long-term impact: conditional bullish — sustained price appreciation depends on adoption, on-chain flows, and whether revenue/liquidity improvements materialize.