Sep 3, 11:01 AM

Former Nexo Trading Lead Launches Infima Capital with $100M Credit Line; Nexo Resumes UK Registrations After 10-Month Pause

Tom Stanev, the former head of trading at Nexo, has launched Infima Capital, a new market-making firm in the crypto space. Infima Capital is backed by $5 million and a $100 million credit line, positioning itself to compete with established players like Jump Crypto and Jane Street. Meanwhile, Nexo has resumed accepting new client registrations in the UK as of September 3, 2024, after a 10-month pause. The company upgraded its platform to comply with the UK's Financial Conduct Authority (FCA) guidelines, with support from Gateway 21. The new onboarding process includes risk warnings, a cool-off period, and comprehensive assessments.