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NEXO

NEXO · Field entry
Exchange tokenDeFiExchange tokens

Loyalty token of Nexo, a crypto lending and yield platform that returned to the US in 2026

$0.86681.97%Snapshot · October 4, 2026 · updates live
Market cap
$866.81M
24h volume
$3.66M
Rank
#85
Circulating
1.00B NEXO
Max supply
1.00B NEXO
All-time high
$4.07 May 12, 2021

NEXO price chart

7-day snapshot. Chart data from CoinGecko.

What is NEXO?

NEXO is the token of Nexo, a company that offers crypto-backed loans, yield accounts and an exchange. Holding NEXO raises your loyalty tier, which can lower borrowing rates and raise yields on the platform. Nexo left the US after regulatory action in 2022 and 2023 and relaunched US services in February 2026 through a partnership with Bakkt.

Utility Lens

What NEXO actually does

NEXO determines a customer's loyalty tier on the Nexo platform, which affects loan rates, yields and other perks.

Real-world usage
earlyNEXO is used by Nexo customers for loyalty tiers, but it has essentially no use outside one company's platform.
Token necessity
optionalYou can borrow and earn on Nexo without NEXO; holding it only improves rates and perks.
Decentralization
centralizedNexo the company sets every perk, holds customer assets and controls a large token treasury.
Track record
longNexo launched in 2018; it settled with the SEC and states for $45 million in 2023 and with California's DFPI in 2026.

How we rate

What it’s used for

Nexo customers hold NEXO as a share of their account balance to reach higher loyalty tiers, which can mean cheaper crypto-backed credit lines, higher yield rates and free withdrawals. Some customers choose to receive yield in NEXO for a higher rate. The token has little use outside Nexo.

Role of the NEXO token:

fee discountaccess

Evidence of real use

  • In January 2023 Nexo agreed to pay $45 million in total penalties to the SEC and state regulators and to stop its unregistered Earn Interest Product for US investors. Source
  • Nexo announced its formal US relaunch in February 2026, offering Yield, Exchange, Loyalty and Credit Lines with trading infrastructure from Bakkt. Source
  • California's DFPI announced in January 2026 that Nexo Capital would pay $500,000 for making loans to California residents without a valid license. Source

How NEXO works

Nexo is a centralized lending platform. You deposit crypto, and Nexo can pay you yield or let you borrow cash or stablecoins against it as collateral. Because the company holds your assets and lends them out, your money depends on Nexo's risk management and solvency, much like an uninsured financial firm. If your collateral's value falls far enough, Nexo can sell it to repay your loan.

The NEXO token sits on top of this as a loyalty system. Your tier depends on how much of your Nexo portfolio is held in NEXO, and higher tiers unlock better borrowing rates, higher yields and perks such as free withdrawals. These rewards are company policy, so they can change. Nexo also lets US customers buy NEXO directly on its US site, but product availability can vary by state.

Key moments

  1. 2018Nexo launches its lending platform and the NEXO token.
  2. 2022Nexo announces it will wind down US services after talks with US regulators fail.
  3. 2023Nexo settles with the SEC and state regulators for $45 million over its unregistered Earn Interest Product.
  4. 2026California's DFPI fines Nexo $500,000 in January for unlicensed lending; Nexo formally relaunches US services with Bakkt in February.

Supply

NEXO has a fixed maximum supply of 1 billion tokens, all of which were created at launch. Just over half was sold to investors in the 2018 token sale, with the rest allocated to company reserves, founders, the team and community programs. There is no automatic burn schedule, so supply changes depend on company decisions.

Risks to understand

  • Counterparty risk: Nexo holds and lends out customer assets, and US deposits are not FDIC-insured, so a company failure could mean losses.
  • Regulatory history: Nexo paid $45 million to the SEC and states in 2023 and $500,000 to California's DFPI in 2026, and US rules for crypto lending can still change.
  • Liquidation risk: if you borrow against crypto and prices fall sharply, your collateral can be sold automatically.
  • Token concentration: the company and insiders hold a large share of NEXO, and perks tied to it can be reduced at any time.
  • State-by-state availability: some Nexo products may not be offered where you live.

NEXO FAQ

Is Nexo available in the US?

Yes, again. As of October 2026, Nexo offers Yield, Exchange, Loyalty and Credit Lines to US customers following its February 2026 relaunch with Bakkt, though availability can vary by state.

Why did Nexo leave the US before?

Regulators said its Earn Interest Product was an unregistered securities offering. Nexo wound down US services in 2022 and paid $45 million in 2023 settlements with the SEC and states.

Do I need NEXO to use Nexo?

No. NEXO only raises your loyalty tier, which can improve rates and perks; the core lending and yield products work without it.

Sources

  1. Nexo Agrees to Pay $45 Million in Penalties and Cease Unregistered Offering of Crypto Asset Lending Product — US Securities and Exchange Commission
  2. NASAA and SEC Announce $45 Million Settlement with Nexo Capital — NASAA
  3. DFPI Fines Crypto Lending Platform, Nexo Capital Inc., $500,000 in Penalties — California Department of Financial Protection and Innovation
  4. Nexo returns to the U.S. — Nexo
  5. Bakkt Announces Partnership with Nexo — Bakkt
  6. Nexo reenters US market — Banking Dive

Last reviewed October 4, 2026 by The Crypto Guide editorial team. Utility Lens ratings are editorial judgments, not investment advice. Market data from CoinGecko. Spot an error? Request a correction.