Nexo to Acquire Argentina's Buenbit to Expand Crypto Services in Latin America
Nexo, a Zug, Switzerland-based crypto lender, has agreed to acquire Argentina-based Buenbit for an undisclosed price to expand its footprint in Latin America. The acquisition will provide Nexo access to Buenbit’s user base and enable it to offer crypto-backed loans, high-yield savings, and trading tools in the region.
Buenos Aires will become Nexo’s Latin American headquarters, with plans to further expand into Mexico and Peru. The operation will proceed under Argentina’s regulatory framework, although regulatory approval is still pending.
Buenbit is registered with Argentina’s National Securities Commission (CNV) and offers fiat-to-crypto services amid the country’s inflation controls, reflecting the region’s growing adoption of cryptocurrencies. Meanwhile, Argentina’s central bank is drafting rules expected in the first half of 2026 to allow banks to offer crypto-related services.
