Nexo Expands in Latin America with Strategic Acquisition of Buenbit
Nexo, a leading digital asset platform managing $11 billion in assets, has acquired Buenbit, a prominent crypto platform in Latin America. This acquisition marks a significant step in Nexo's strategy to expand its footprint in the fast-growing Latin American market. By integrating its global crypto services with Buenbit's local expertise, Nexo aims to accelerate crypto adoption in Argentina, Peru, and beyond.
The partnership combines Nexo's advanced liquidity infrastructure and high-yield products with Buenbit's DEEP regional knowledge. Buenbit, known for its compliance-first approach, serves over one million users in Argentina and Peru. Nexo's acquisition ensures these users gain access to its suite of services, including crypto-backed credit, trading tools, and yield-earning opportunities.
Buenos Aires will serve as Nexo's regional hub, reinforcing its commitment to Latin America's burgeoning crypto demand. The MOVE taps into the region's appetite for stable and accessible digital asset solutions, positioning Nexo as a key player in the market's evolution.