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Exclusive: Nexo advances on 2025 Growth Plan, expands card to new markets

Nexo said on Feb. 11 it has expanded its Nexo Card to new European markets as part of its 2025 Growth Plan. The two countries are Switzerland and Andorra and comes as demand for digital payment solutions continues to grow across Europe, crypto.news can exclusively report. The Nexo Card combines debit and credit functionalities, has achieved a 62% adoption rate among eligible users within the European Economic Area. The card allows users to leverage stablecoins as a hedge against inflation. Through its dual-mode card and industry-first personal USD, GBP, and EUR accounts, Nexo hopes to expand its position as a leader in digital payments innovation. Read more: Nexo launches USD accounts to simplify crypto integration A globally recognized payments solution The Nexo Card, which combines debit and credit functionalities, has achieved a 62% adoption rate among eligible users within the European Economic Area. The card allows users to leverage stablecoins as a hedge against inflation, protecting over $1.3 billion in Bitcoin ( BTC ) and Ethereum ( ETH ) from market volatility while generating nearly $6 million in cashback rewards. The Nexo Card has earned multiple industry awards, including Most Exciting Payments Solution of 2025 at the INATBA Awards. The card was also recognized as the Consumer Payments Innovation Award winner at the FinTech Breakthrough Awards in 2024. As part of its 2025 Growth Plan, Nexo hopes to make the Nexo Card accessible worldwide by the end of the year. Upcoming features that will be marketed to users include cashback rewards for debit usage, subscription rebates, and exclusive brand campaigns to strengthen its presence in luxury markets. CoinOtag

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Binance and SEC Move to Halt Case, Find an Early Resolution

The U.S. Securities and Exchange Commission (SEC), Binance and its former CEO Changpeng Zhao (CZ) filed a motion to stay their case for 60 days - to make way for an early resolution and to save resources according to a court filing by a U.S. court on Monday . The ongoing case started in 2023. The SEC sued Binance and BAM Management ,the operating company for Binance U.S. and CZ for allegedly violating securities laws. The newly launched Crypto Task Force could help " facilitate the potential resolution of this case," the court filing said. It was set up on January 21 by the new SEC Acting Chairman Mark T. Uyeda with the objective of helping the SEC develop a regulatory framework for crypto. “We are grateful to Interim Chairman Uyeda for his thoughtful approach to ensuring digital assets receive the appropriate legislative and regulatory focus in this new, golden era of blockchain in the U.S. and around the world. The SEC’s case has always been without merit and we are eager to put this behind us and to continue our focus on keeping Binance the most secure, licensed and trusted exchange in the world,” A Binance spokesperson told CoinDesk. Major crypto companies have been campaigning for there to be less regulation by enforcement. So far, the tables have turned for the crypto world with former SEC chair Gary Gensler, who took many crypto companies to court, stepping down and President Donald Trump issuing an executive order - calling for crypto friendly policies . CoinOtag