Nexo Acquires Buenbit to Expand Latin American Crypto Footprint
Nexo's strategic acquisition of Buenos Aires-based Buenbit marks a calculated push into Latin America's burgeoning crypto markets. The $11 billion asset manager gains immediate access to Argentina and Peru through Buenbit's compliant fiat-to-crypto rails and 450,000-strong user base.
Buenbit's regulatory-first approach – registered as a VASP with Argentina's CNV – provides NEXO with turnkey infrastructure for regional expansion. The deal transforms Buenos Aires into Nexo's operational hub for Spanish-speaking markets, mirroring its European foothold in Switzerland.
Latin America's crypto adoption rates outpace global averages, with Argentina's inflation-weary population increasingly turning to dollar-pegged stablecoins. Nexo's high-yield products now plug directly into Buenbit's established distribution channels.
