Nexo Resumes Onboarding New UK Users on September 3rd
CryptoNewsTerminal Staff03 Sep, 2024
Nexo Resumes Onboarding New UK Users on September 3rd
Nexo, a leading cryptocurrency lending platform, has announced that it will resume onboarding new customers in the United Kingdom from September 3, 2024 (local time). The resumption of Nexo's UK services comes after the exchange implemented platform upgrades to comply with the UK Financial Conduct Authority's (FCA) guidelines. Nexo had paused some of its services in the region following the UK's new marketing rules that came into effect on October 8 last year. According to an official statement released by Nexo on September 2 (local time), the company has been working closely with the FCA to ensure that its platform meets all regulatory requirements. The exchange has also implemented a number of new measures to protect UK customers, including enhanced identity verification procedures and stricter risk management controls. Nexo's decision to resume onboarding new UK users is a sign of the company's commitment to the UK market. The exchange has been operating in the UK since 2018 and has a large customer base in the region. Nexo's resumption of services in the UK is likely to be welcomed by many cryptocurrency investors who have been waiting to use the platform.
