Nexo
exchangeCrypto lending and exchange platform that faced regulatory action in multiple countries.
Platform Information
Founded
Headquarters
Two-Factor Authentication
An extra login step that protects your account even if your password is stolen.
Custodial
The platform holds your crypto on your behalf — you don't control the private keys.
KYC Required
Know Your Customer — you must verify your identity before trading or withdrawing.
Proof of Reserves
The platform publicly proves it holds enough assets to cover all customer funds.
Insurance
Customer funds are covered by insurance in the event of a hack or platform failure.
Supported Chains
About Nexo
Nexo is a Bulgarian crypto lending, borrowing, and exchange platform. It has faced regulatory pressure in several US states and international markets. In early 2023 it exited the US market. Bulgarian authorities conducted raids on its offices in 2023 as part of an investigation into alleged money laundering and tax violations.
Security & Score
Platform Safety Score
Based on incident history, security features, and track record
Security Features
Insurance
Custodial insurance through Lloyd's of London syndicates covering assets held by Ledger Vault, Fireblocks, BitGo, and Fidelity Digital Assets.
Regulatory Information
Regulated In
Jurisdictions where this platform is officially licensed and subject to financial oversight.
Area Served
Countries or regions where this platform is available to users.
Notes
Under regulatory investigation in Bulgaria. Exited US market in 2023.
Incident History
No incidents recorded for this platform.
Frequently Asked Questions
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