Cryptocurrency lending institution Nexo applies to dissolve its two UK entities

ChainCatcher message indicates that, according to this month's documents, the crypto lending institution Nexo has applied to remove Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd. from the UK company register.

Nexo co-founder Antoni Trenchev stated that the company is "undergoing some restructuring" and "rethinking the way it serves customers," but does not intend to exit the UK. According to evidence provided by accounting firm Moore Johannesburg on Thursday, it oversees approximately $2 billion in assets on its platform. (source link)