Digital asset manager Nexo has unveiled Personal USD Accounts, a groundbreaking service allowing users in over 150 countries to manage USD bank transfers directly in their own names.
This marks a major milestone in the digital finance sector, as Nexo becomes the first to offer USD, EUR, and GBP accounts under clients’ names on a single platform, simplifying cross-currency operations and streamlining global financial transactions.
With Personal USD Accounts, Nexo introduces a straightforward and efficient way for clients to deposit and withdraw funds via SWIFT-enabled bank transfers. By ensuring transactions occur directly in the client’s name, the platform enhances transparency and trust, catering especially to institutional and high-net-worth customers seeking user-friendly solutions.
Nexo’s unified multi-currency system offers clients a consolidated view of their USD, EUR, and GBP accounts, enabling effortless tracking and management. Domestic transfer options, including ACH and Wire capabilities, are also set to launch soon.
This latest offering underlines Nexo’s commitment to reshaping digital wealth management by integrating traditional financial services with innovative digital tools. The Personal USD Accounts aim to provide a smoother, more accessible way for clients to manage and grow their assets, reinforcing Nexo’s position as a leader in the maturing digital asset industry.
The Personal USD Accounts represent a milestone achieved through significant regulatory advancements and years of effort, designed to provide clients with a comprehensive range of services seamlessly integrated into a single platform.
Nexo’s Chief Product Officer emphasized the broader significance of this launch, highlighting how it bridges traditional finance with the digital asset ecosystem:
Last month, Nexo announced its rebranding as a premier wealth management platform for digital assets – a major shift from its initial crypto lending services.
Nexo’s revamped platform boasts a new logo, an updated website, and an enhanced user interface. The platform introduces a range of new services designed to provide clients with more robust and accessible ways to manage their digital assets.
Coinbase’s CEO, Brian Armstrong, announced the company’s plans to expand its workforce in the U.S. by hiring 1,000 new employees this year.
Changpeng Zhao, the founder of Binance, has voiced his concerns over the growing trend of quick-profit hunting in the cryptocurrency world, particularly among speculative investors, or “degens.”
Chris Larsen, the co-founder of Ripple, suffered a significant financial blow in 2024 when he lost over $661 million worth of XRP due to a security breach in the password management system LastPass.
BBVA has made a significant move into the cryptocurrency space, gaining approval from Spain’s securities regulator, CNMV, to offer Bitcoin and Ether trading.