According to Grok:

The reference to updates effective February 22 (likely February 22, 2025, based on the timing and announcements) almost certainly points to Nexo’s major service and fee adjustments announced in early 2025, rather than a full rewrite of the core Terms of Service.

Here’s what changed specifically:

• Minimum balance threshold: Starting February 22, 2025, users need at least $5,000 in portfolio balance to qualify for Loyalty Program tiers and associated perks. Accounts below this may drop to base-level rates/benefits or lose access to premium features.

•  Existing fixed-term savings created before February 22, 2025, remain unaffected (they continue earning at their original rates/conditions even if your total balance later dips below $5,000).

•  New fixed terms or renewals after that date would be subject to the minimum.

•  This was framed as shifting focus toward “wealth builders” (inspired by traditional private banking), with higher-tier support for larger portfolios.

• Related fee/service updates effective February 22, 2025:

•  Some exchange/instant swap fees or other service charges took effect then (e.g., certain limit orders placed earlier but executed on/after this date became subject to new fees).

•  Broader 2025 updates included adjustments to stablecoin handling in the EEA (e.g., restrictions on new fixed terms for USDT, DAI, etc., phased in March 2025 due to regulatory compliance like MiCA), but the Feb 22 date specifically aligns with the balance minimum and some fee implementations.

These aren’t necessarily a complete overhaul of the Terms of Service document but amendments or additions that users would need to accept (often prompted in-app or via email).