Nexo resumes UK client onboarding with enhanced compliance measures and a new focus on client education. Learn about the latest updates to ensure seamless and informed integration into the UK market.
Nexo is excited to announce that new client registrations in the United Kingdom will resume on September 3, 2024. This follows recent platform upgrades designed to align with the guidelines established by the UK’s Financial Conduct Authority (FCA). The updated onboarding process will include a dedicated initiative to assist new UK clients in navigating FCA regulations effectively.
Adapting to Regulatory Changes
In response to the evolving regulatory environment in the UK, Nexo has introduced several platform updates in collaboration with its UK partner, Gateway 21, a financial promotion approver. These updates include cool-off periods, specialized risk warning messages, and other mandatory measures to ensure compliance with FCA guidelines.
Commitment to the UK Market
“The UK has long been a cornerstone market for Nexo, and our commitment to our clients here remains resolute. When faced with rigorous yet necessary regulation, we chose to stand firm, diligently adapting our platform to meet these stringent requirements. This determination has enabled us to continue delivering the unparalleled services that define Nexo,” said Elitsa Taskova, Chief Product Officer of Nexo.
“We are deeply invested in cultivating and strengthening our relationships here, empowering our clients to make well-informed decisions with unparalleled access to expert knowledge and support. Through an array of educational resources and tailored materials, we aim to equip them to navigate the intricacies of the digital asset space and our newly enhanced UK-specific onboarding process with confidence and clarity.”
A New Approach to Client Education
As the crypto and blockchain sectors become more complex, Nexo recognizes that a functional onboarding process alone is insufficient. Nexo is committed to clarifying the regulatory framework for clients, explaining the roles of relevant authorities, and ensuring that clients understand their obligations as well as Nexo’s. To support this, Nexo is developing a series of educational resources and dedicated support channels to promote informed decision-making and risk awareness while maintaining high standards of client care in the UK.
About Nexo
Nexo is a leading institution in digital assets, dedicated to maximizing the value and utility of digital assets through a comprehensive suite of products. These include advanced trading solutions for both retail and institutional clients, liquidity aggregation from top venues, and flexible asset-backed credit lines. Since launching Nexo Ventures in 2022, the company has expanded its portfolio to over 60 companies. Nexo has processed more than $130 billion for over 7 million users across 200+ jurisdictions. For more information, visit nexo.com.
