2-8-2025 – Several global cryptocurrency companies are expanding or returning to the United States, spurred by a more favorable regulatory environment under the Trump administration. The shift follows high-level calls from SEC Chair Paul Atkins and Treasury Secretary Scott Bessent to bring crypto operations back to American soil.
On April 28, Bulgaria-based Nexo announced its reentry into the US market after exiting in 2022 due to regulatory uncertainty. In May, Netherlands-based derivatives exchange Deribit began exploring a US presence, while London’s Wintermute opened a New York office.
OKX, a Seychelles-registered exchange, relaunched US operations in June with a new San Jose, California, headquarters after a $500 million settlement with regulators. Additionally, Beijing-based Bitmain plans to open a US-based ASIC production facility by early 2026 and establish a headquarters in Texas or Florida by Q3 2025. US-based firms are also scaling up. Kraken relocated its global headquarters to Cheyenne, Wyoming, in June, citing the state’s pro-crypto policies.
MoonPay, originally in Miami, opened a New York City headquarters in April and secured licenses to operate in all 50 states by June. These moves align with the administration’s push to make the US a global crypto hub, backed by clearer regulations and recent legislative efforts like the GENIUS Act. The trend signals growing confidence in the US crypto market, but industry watchers will monitor how new regulations balance innovation with investor protections.
