8 major crypto firms announce US expansion this year
A number of high-profile crypto firms have announced relocations or expansions in the United States this year.
Crypto services platform Nexo shared its plans to reenter the United States market on Monday, marking the eighth major crypto firm to announce such plans since US President Donald Trump took office at the start of the year.
Firms like Circle, Binance and OKX are banking on favorable regulatory clarity in 2025 to herald their US expansion. Bills like the STABLE Act and the GENIUS Act are advancing in Congress, which, if implemented, will lay the groundwork for swift success.
Trump and his family are actively involved in some of these planned expansions. Nexo’s recent announcement was backed by Donald Trump Jr., who said, “We see the opportunity for the financial sector and want to ensure we bring that back to the US.”