Nexo Buys Buenbit: Major Crypto Expansion in Latin America
8.6 Investments Nexo acquires Argentina’s Buenbit, expanding its crypto services in Latin America. The deal brings regulatory approval, a regional hub in Buenos Aires, and access to Buenbit’s user base and local expertise.
Nexo has announced the acquisition of Argentina-based crypto platform Buenbit, marking a significant step in its expansion across Latin America. The deal, pending regulatory approval, will allow Nexo to operate under Argentina’s regulatory framework and integrate Buenbit’s user base and local expertise. Buenos Aires will serve as Nexo’s regional headquarters, supporting planned growth into Peru and Mexico. Buenbit, registered with Argentina’s CNV, has played a key role in crypto adoption in markets affected by inflation and currency controls, processing over $2 billion and recently adding more than 40,000 active users. The integration will provide Buenbit clients with access to Nexo’s full suite of services, including crypto-backed loans, high-yield savings accounts, trading in over 100 cryptocurrencies, structured products, and institutional-grade security. The partnership combines Nexo’s global infrastructure and liquidity with Buenbit’s local presence, aiming to deliver advanced financial solutions and expand digital asset adoption in the region. The acquisition is part of Nexo’s multi-year strategy to develop long-term investments and partnerships throughout Latin America.
