Why Users Can't Trade Nexo | Europe’s Regulatory Hurdles Spark Frustration
Edited By
Kenta Yamamoto
A growing number of people are expressing frustration over their inability to trade Nexo for USDT in Europe. The implementation of new regulations appears to limit stablecoin pairs like USDT and USDC, igniting confusion on how to convert their holdings.
What's Going On?
Recent comments reveal that since March 31, 2025, trading pairs for USDT have shifted to a sell-only mode. This change significantly restricts how users can convert Nexo to other cryptocurrencies or fiat.
Key Themes Emerging from User Concerns
Regulatory Challenges: Many users can't trade Nexo due to the Markets in Crypto-Assets (MiCA) regulations.
Complex Trading Methods: People are forced to engage in complex trades involving Bitcoin to convert to EURX due to the unavailability of direct pairs.
Hope for Future Improvements: Users are eagerly anticipating the introduction of a EUR stablecoin and a Nexo-EURX trading pair.
"To turn Nexo into EURX, you have to trade Nexo to BTC and then BTC to EURX," noted one frustrated user.
Another user expressed hope, stating, "I also hope the Nexo EURX pair is coming."
Sentiment in the Community
The overall sentiment reflects disappointment regarding current trading options, mixed with a sense of cautious optimism for future enhancements. Some users have shifted their strategies to withdrawing to other exchanges, like Binance.
Key Insights
🥴 Many users report a lack of available trading pairs, with MiCA regulations impeding trades.
🔄 Current conversions require multi-step trading, leading to frustration among Nexo traders.
💬 "Some stablecoin pairs don’t work.* — a clear call for better options.
While hope remains for changes, the current trading environment leaves many feeling stuck. What solutions will providers implement to assist their customers?