Nexo, the global digital asset platform managing over $11 billion in assets, has announced a major step in its international expansion with the acquisition of Buenbit, one of Latin America’s most established and trusted crypto platforms. The move marks a defining moment in Nexo’s growth strategy, strengthening its presence in one of the world’s fastest-growing digital asset markets and creating a powerful combined force in crypto innovation across the region.
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With the acquisition, Nexo will establish Buenos Aires as its regional hub positioning the company to support long-term investment, regulatory collaboration, and product expansion across Argentina, Peru, and Mexico.
Buenbit, a CNV-registered Virtual Asset Service Provider, has played a central role in driving crypto adoption in Argentina and Peru. Known for its intuitive platform and commitment to compliance, Buenbit has provided millions of users with access to fiat-to-crypto solutions designed for markets where financial volatility and inflation demand alternative ways to preserve and grow wealth.
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Now, Buenbit’s users will be able to access Nexo’s globally recognized suite of tools, including high-yield earning products, crypto-backed credit, institutional-grade security, and access to 100+ cryptocurrencies across 1,500+ trading pairs. They’ll also gain entry into Nexo’s loyalty program, advanced trading features such as Dual Investment, and personalized client support backed by a global infrastructure.
Antoni Trenchev, Co-founder of Nexo, emphasized how strategically aligned the acquisition is for the company’s long-term mission.
“Argentina has always been a testing ground for fintech innovation,” he said. “By joining forces with Buenbit’s team who understand the region’s financial realities better than anyone—we’re creating the foundation for exponential growth over the next 12 months.”
Buenbit CEO Federico Ogue echoed the excitement behind the partnership.
“Partnering with Nexo is the natural next step for us,” he said. “We’ve seen firsthand how essential crypto tools are for Argentine users trying to preserve value. Now, with Nexo’s global scale and our community’s trust, we’re ready to expand that impact across Latin America.”
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The acquisition reinforces Nexo’s long-term commitment to delivering sustainable digital wealth solutions in emerging markets, particularly where traditional financial systems are strained by inflation, currency devaluation, and limited access to credit. Once final regulatory approvals are secured, both companies expect to accelerate product innovation and deepen their regional presence.
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