Crypto Lender Nexo Agrees to Buy Argentina’s Buenbit to Expand Services Across Latin America

Crypto lender Nexo, based in Zug, Switzerland, has agreed to acquire the Argentina-based crypto investment platform Buenbit for an undisclosed sum as part of a strategy to deepen its presence in Latin America. The acquisition allows Nexo to operate under Argentina’s regulatory framework and leverage Buenbit's user base in Argentina and Peru. Buenbit is a key regional player offering fiat-to-crypto services in markets affected by inflation and currency controls. For Buenbit customers, the deal grants access to Nexo's broader services, including crypto-backed loans, high-yield savings accounts, and trading tools. Buenos Aires will become Nexo's Latin American headquarters, supporting planned growth into Mexico and Peru.

(Source：CoinDesk)