Quickly understand the history and background of various well-known coins

Crypto Firms Expand in US Amid Regulatory Clarity and Trump's Support

Coin WorldSunday, May 11, 2025 9:14 am ET

2min read

Eight major cryptocurrency firms have announced plans to expand their operations in the United States this year, capitalizing on anticipated regulatory clarity and favorable conditions under the current administration. These firms, including Nexo, Circle, Binance, OKX, eToro, Crypto.com, Andreessen Horowitz (a16z), and Coinbase, are banking on legislative developments such as the STABLE Act and the GENIUS Act, which are advancing in Congress and are expected to provide a solid foundation for their success in the US market.

Nexo, a global digital assets wealth platform, has announced its return to the US market, citing the crypto-friendly approach of President Trump as a key factor in its decision. The company left the US in 2022 after 18 months of negotiations with federal regulators reached an impasse. Nexo's reentry includes access to its asset-backed credit lines, crypto savings accounts, and advanced trading options for US customers.

Circle, the issuer of the USDC stablecoin, is relocating its global headquarters from Boston to New York City in early 2025. This move aligns with Circle’s plans for an initial public offering and reflects its commitment to integrating with traditional financial markets. Circle filed for its IPO on April 1 and plans to list on the New York Stock Exchange, seeking a $5-billion valuation.

Binance.US has officially reinstated USD deposit and withdrawal services, marking a significant step in its US expansion. The services were halted in June 2023 following a civil enforcement action by the Commodity Futures Trading Commission (CFTC). Binance later settled for $2.7 billion, with then-CEO Changpeng Zhao paying $150 million. Zhao has sought clemency from President Trump, who has pardoned a number of crypto executives.

OKX, a major global cryptocurrency exchange, announced its reentry into the US market in April 2025. The company is implementing a phased rollout plan and has established a new regional headquarters in San Jose, California. OKX's relaunch comes just months after a $500-million settlement with the US Department of Justice (DOJ), where the firm pleaded guilty to operating an unlicensed money-transmitting business and agreed to pay for an external compliance consultant.

eToro, an online trading platform, publicly filed its registration statement for a proposed initial public offering (IPO) on the Nasdaq Global Select Market. The IPO is anticipated to occur as early as Q2 2025, with eToro seeking a $4-billion valuation and plans to raise $500 million by offering 10 million Class A shares. The move signals growing investor confidence in the future of retail cryptocurrency trading platforms in the US.

Crypto.com is expanding its services in the US throughout 2025, including introducing trading for stocks and ETFs. The company is rolling out these offerings in phases as part of its 2025 roadmap, which includes significant expansions of its banking, crypto, stock, and credit card services for US customers. This plan reflects Crypto.com's broader strategy of integrating crypto with traditional finance.

Andreessen Horowitz (a16z) announced that it is closing its UK branch and focusing its efforts on the US. The firm cited the regulatory environment under Joe Biden as too unfriendly to the blockchain industry and the strong momentum behind the crypto industry with the inauguration of President Trump as key factors in its decision to relocate.

Coinbase, a US-based crypto exchange, acquired crypto derivatives platform Deribit for $2.9 billion. The merger makes Coinbase the largest crypto derivatives platform by open interest, positioning it to dominate the growing global crypto derivative market. This acquisition comes as major crypto exchanges jockey to capture a larger share of the derivatives market.

These expansions and acquisitions highlight the growing confidence in the US regulatory environment and the potential for significant growth in the cryptocurrency sector. The involvement of high-profile figures like Donald Trump Jr. and the anticipated regulatory clarity are expected to drive further investment and innovation in the US crypto market. However, concerns about conflicts of interest and token shilling by the Trump family remain, and it is yet to be seen whether the upcoming regulations will adequately protect everyday investors.

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.