Service operations continue. Nexo maintains EEA business operations through two MiCA-licensed partners

Odaily Planet Daily News Crypto lending platform Nexo continues its operations in the European Economic Area (EEA) through two German licensed partners, Tangany and DLT Finance. Tangany provides digital asset custody services, while DLT Finance provides brokerage and trade execution infrastructure, both of which hold MiCA and MiFID II authorizations. Nexo stated that its Earn yield products and crypto-backed loans are independent products and fall outside the scope of its partners' authorizations. Previously, the MiCA transitional period ended on July 1st, requiring unauthorized crypto service providers to cease operations or transfer clients. Nexo's partnership model allows its regulated services to continue operations, avoiding a widespread suspension.