Nexo, a prominent digital asset institution, has restarted UK client onboarding after a comprehensive overhaul of its platform to meet the rigorous standards set by the Financial Conduct Authority (FCA), the company revealed to Finbold on Tuesday, September 3.
Starting today, Nexo is also launching a new initiative to help clients understand and navigate the FCA’s regulatory framework better.
Nexo’s place in the UK market
Supported by Gateway 21, a British financial promotion approver and long-standing partner, Nexo has taken several steps to keep up with the evolving UK market.
These changes include the introduction of cool-off periods, specialized risk warnings, and other mandatory measures to ensure full FCA compliance.
Elitsa Taskova, Nexo’s Chief Product Officer, emphasized the importance of the UK market, stating:
“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.”
Taskova further emphasized that Nexo’s approach goes beyond mere compliance:
“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.”
Nexo crypto platform focus on quality client education
The all-in-one cryptocurrency platform recognizes that simply offering an onboarding process isn’t enough in the ever more complex blockchain environment.
The company sees it as their responsibility to make the regulatory landscape as perspicuous for their clients as possible, clarifying the roles of relevant authorities and ensuring all parties understand their obligations.
To achieve these goals, Nexo is launching a series of customized educational resources and support channels to promote heightened risk awareness while maintaining the highest standards of client care in the UK.