Nexo has announced the acquisition of Argentine crypto platform Buenbit, aiming to build a stronghold in Latin America’s growing digital asset market.
Quick Summary – TLDR:
- Nexo acquires Argentina-based Buenbit to anchor its Latin America expansion strategy.
- Buenbit’s user base and regulatory status in Argentina and Peru make it a strategic fit.
- Buenos Aires will serve as Nexo’s regional hub, with plans to grow across Mexico and beyond.
- The move follows Nexo’s renewed global ambitions after resolving regulatory challenges in the US.
What Happened?
Nexo, a global crypto lending and wealth management platform, has acquired Buenbit, a leading crypto exchange in Argentina and Peru. The deal, which comes amid shifting economic and regulatory conditions in Latin America, gives Nexo access to Buenbit’s registered operations, over a million users, and strong local market presence.
The acquisition is part of Nexo’s wider regional strategy, using Buenos Aires as a launchpad for growth across the continent.
Nexo has acquired @buenbit, one of Latin America’s leading digital asset platforms – a major milestone in our global expansion strategy.
— Nexo (@Nexo) December 11, 2025
Buenbit is a cornerstone of crypto adoption in Argentina and Peru, known for its user-friendly, compliance-first approach. 🧵 pic.twitter.com/Z8XYNpXbAj
Nexo’s Strategic Leap Into Latin America
The acquisition gives Nexo a rapid entry into Latin America’s most promising markets, especially Argentina where inflation has driven widespread crypto adoption. Buenbit’s established user base and regulatory registration with Argentina’s Comisión Nacional de Valores (CNV) offer Nexo a significant foothold.
For Buenbit users, this means expanded access to Nexo’s global suite of services:
- Crypto-backed loans, a vital tool in regions with limited traditional credit access.
- High-yield savings accounts.
- Advanced trading tools.
- Over 100 cryptocurrencies available across 1,500+ pairs.
- Structured products and a loyalty program powered by the $NEXO token.
According to Nexo Co-founder Antoni Trenchev:
A Natural Fit for Buenbit
Buenbit CEO Federico Ogue called the deal a “natural next step” for the company. With trust from its community and deep experience in the local market, Buenbit sees the partnership as a chance to “extend that impact across the region.”
Nexo has not disclosed the financial terms of the acquisition, which is still subject to regulatory approval.
Buenos Aires Becomes Regional Command Center
Nexo plans to make Buenos Aires its central hub for Latin American operations. From there, it will coordinate growth and partnerships across Argentina, Peru, and Mexico, signaling its belief in the region’s long-term potential.
This multi-year strategy is part of Nexo’s broader shift to focus on underbanked and financially volatile regions where crypto solutions can offer tangible alternatives.
- Argentina’s economy, marked by past triple-digit inflation, has made digital currencies increasingly attractive.
- Nexo sees Latin America as an integrated economic corridor, not a patchwork of isolated markets.
- Buenbit’s established infrastructure offers Nexo a ready-made launchpad.
Timing Aligns With Regulatory Momentum
The acquisition comes as Argentina’s central bank is reportedly considering rules to allow traditional banks to offer crypto services. Although formal regulations are still in progress, Nexo’s entry positions it ahead of anticipated policy changes.
Nexo’s ability to operate under Buenbit’s local regulatory license gives it flexibility to navigate Argentina’s evolving crypto framework while also preparing for future shifts.
Strategic Reset Following US Exit
Earlier in 2025, Nexo paid $45 million in fines and exited the United States due to regulatory challenges. The company has since announced plans to re-enter the US market, signaling a broader repositioning effort globally.
As part of that reset, Nexo is building new alliances, including high-profile meetings with Donald Trump and Donald Trump Jr., highlighting the political engagement tied to its comeback.
By acquiring Buenbit, Nexo adds a strong regional asset that aligns with its ambition to operate in both regulated environments and fast-moving emerging markets.
SQ Magazine’s Takeaway
I think this move by Nexo is smart, timely, and aggressive. Latin America is one of the most crypto-curious regions in the world, especially in countries like Argentina where inflation keeps wrecking traditional financial options. Nexo isn’t just buying a platform, it’s buying credibility, users, and a fast pass through local regulation. I like that they’re not treating Latin America like a side project. They’re all in, and that kind of commitment could really pay off. This deal puts Nexo on the map in a big way and Buenbit users just got a ticket to a much bigger crypto ecosystem.
