In this article:

1. Timeline

2. Next steps

3. FAQ

1. Timeline

• August 4, 2025
  • Nexo announced via a banner on the Nexo Wallet website that the service will begin its phase-out on August 15, 2025.

• August 15, 2025
  • Only crypto and NFT withdrawals and the closure of existing Earn positions are available.

• December 31, 2025
  • The Nexo Wallet will no longer be accessible. Any assets remaining in the wallet after this date may not be recoverable.

2. Next steps

We strongly advise all users to withdraw their remaining assets from the Nexo Wallet by December 31, 2025. After this date, access to the service will be discontinued, and recovery of assets may no longer be possible.

3. FAQ

• Q: Why is Nexo phasing out its DeFi wallet?
  • A: We’re sharpening Nexo’s on the initiatives outlined in Nexo’s 2025 Growth Plan – enhancing core wealth-building products and delivering new experiences that add the greatest long-term value for Nexo’s community.

• Q: Where can I find the announcement of the discontinuation of the Nexo Wallet?
  • A: In line with the decentralized nature of the product, Nexo does not collect personal user information and therefore cannot send email notifications. The discontinuation was announced via a persistent banner in the Nexo Wallet interface starting August 4, 2025.

• Q: What happens if I don’t withdraw my assets by the deadline?
  • A: After December 31, 2025, any assets left in the Nexo Wallet may not be recoverable. Nexo recommends taking action as soon as possible to avoid permanent loss of funds.