Tag: NEXO

Cryptocurrency lender Nexo has acquired a stake in the U.S. federally chartered financial institution Summit National Bank, a subsidiary of Hulett Bancorp (DBA Mode Eleven), which was established in 1984…

The firm has countered regulators who say that it failed to inform its customers of risk.

Switzerland-based crypto-lender Nexo is facing simultaneous enforcement action from eight different U.S states over varying allegations. Actions include cease and desist orders, administrative measures etc.

Nexo has acquired a stake in the bank holding company that owns Summit National Bank, which is the US federally chartered bank regulated by the Office of Comptroller of the…

The crypto lender is taking an ownership stake in Wyoming-based Summit National Bank despite facing current legal challenges from multiple states.

Nexo Group, the company under whose umbrella the Nexo lending platform is operating, has been slammed with a filing. According to the report’s details, the filing was submitted by regulators…

By acquiring a stake in the holding company that owns Summit National Bank, Nexo plans to expand its financial product offerings in the United States.

Crypto lending platform Nexo has made the landmark announcement that it has acquired a stake in Hulett Bancorp (DBA Mode Eleven), the holding company that owns Summit National Bank –…