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Nexo Review 2026
Crypto lending platform that exited US market after SEC settlement
Residual Income Rating
2.5 / 5Last updated:
January 15, 2026What is Nexo?
Cryptocurrency lending and interest platform. Users can earn interest on crypto deposits (up to 12% APY) or borrow against their crypto holdings. Also offers a crypto credit card and exchange services. Has affiliate/referral program paying $25+ per qualified referral.
Pros
- Earn interest on idle cryptocurrency holdings
- No credit check for crypto-backed loans
- Regulated in multiple jurisdictions
- Referral program pays $25+ per qualified signup
Cons
- Faced SEC charges in January 2023 (settled for $45M)
- Interest rates have decreased significantly from initial offerings
- Crypto lending carries platform and market risk
- Withdrew from US market after SEC settlement
- Competitor platforms (Celsius, BlockFi) went bankrupt in 2022
Rating Breakdown
Residual Income
2.5 / 5Simplicity
3.0 / 5Transparency
2.5 / 5Community & Support
3.0 / 5Value for Money
2.5 / 5Overall Rating
2.8 / 5Frequently Asked Questions About Nexo
Is Nexo available in the US?
No — Nexo withdrew from the US market after settling with the SEC for $45 million in January 2023. US residents cannot use Nexo's earn interest products. The platform remains available in other countries.
Is Nexo safe after Celsius and BlockFi bankruptcies?
Nexo survived the 2022 crypto lending crisis that bankrupted Celsius and BlockFi. However, crypto lending carries inherent platform and market risk. Nexo claims to be overcollateralized, but users should understand the risks.
How does the Nexo referral program work?
Nexo pays $25+ for qualified referrals who deposit and hold minimum amounts. The program is only available outside the US. Rates and requirements change frequently based on company promotions.
Quick Facts
Founded2018
HeadquartersZug, Switzerland
SEC Settlement$45 million (January 2023)
US AvailabilityNo — exited US market
Referral Bonus$25+ per qualified referral
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