Nexo will stop offering Earn Interest products to U.S. customers on April 1

NEXO will stop offering Earn Interest wealth management products to all U.S. customers, including citizens and residents, as a result of the terms of its settlement with the SEC, BlockBeats reported on February 12. At that time, all fixed terms will be canceled and U.S. customers will need to start planning withdrawals before that date. Nexo's other services will not be affected. As BlockBeats previously reported, Nexo, a crypto lending platform, announced a settlement with the SEC on January 20 in which it will pay a $45 million fine and stop offering its Earn Interest Product (EIP). Nexo agreed to pay a $22.5 million fine to the SEC and an additional $22.5 million to settle similar charges brought by state regulators.