Platform / crypto

Nexo

🟡 Medium risk

✗ ✓ ✓ ✓ ✗

3 of 5 criteria passed

3 / 5

Regulation · Proof-of-Reserves · Flexible withdrawal · Insurance Fund · Track record (2+ years incident-free)

Jurisdiction

EU (Lithuania), Switzerland

Founded

2018

Minimum

Insurance Fund

$775M

Lock period

Flexible

Unavailable in

US, UK, BG, CN

5 criteria · check each one

✗

Regulation

In January 2023 — SEC settlement of $45M over securities-law violations (the Earn Interest product was deemed an unregistered security). Source →
✓

Proof-of-Reserves

Publishes a daily Real-Time Attestation by Armanino. Reserves cover liabilities 100%+. Source →
✓

Flexible withdrawal

Flexible Earn is available for most assets. Fixed-term offers a higher rate but with a lock.
✓

Insurance Fund

$775M insurance via BitGo and Ledger Vault. Covers all hot-wallet assets. Source →
✗

Track record (2+ years incident-free)

SEC settlement January 2023 ($45M fine). Bulgarian financial police raid October 2022. Closed products in the US after regulatory pressure.

January 2023 SEC settlement of $45M for securities-law violations. The Earn Interest program was closed for US users. Source →
October 2022 Office raid by Bulgarian financial police over money laundering and tax-violation allegations. Source →

as of May 24, 2026

Product	Rate	Type	Lock
USDC	5.5 %	flexible	—	Open
USDT	8.0 %	flexible	—	Open
BTC	3.0 %	flexible	—	Open

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