KEY TAKEAWAYS
- Nexo acquires Buenbit to establish Buenos Aires as its Latin American hub, enhancing its presence in Argentina, Peru, and Mexico.
- The acquisition combines Nexo’s global resources with Buenbit’s local expertise, offering enhanced crypto services and security.
- This strategic move aims to address regional challenges like inflation and limited credit access by providing consistent yields and crypto-backed credit.
Nexo, a leading digital asset platform, has announced its acquisition of Buenbit, a prominent cryptocurrency platform in Latin America. This strategic move aims to establish Buenos Aires as Nexo’s hub for Latin American operations, enhancing its presence in Argentina, Peru, and Mexico. The acquisition was announced here on December 11, 2025.
The acquisition combines Nexo’s extensive product portfolio with Buenbit’s local expertise and CNV-registered operations. Buenbit clients will now have access to Nexo’s comprehensive suite of products, which includes high-yield earning opportunities, crypto-backed credit, and personalized client care. This integration is expected to enhance the user experience by offering top-tier security and a wide range of crypto trading options.
Antoni Trenchev, Co-founder of Nexo, emphasized the significance of this acquisition, stating that Argentina has been a fertile ground for fintech innovation. He noted that combining Nexo’s global resources with Buenbit’s local expertise would facilitate exponential growth in the region over the next year.
Federico Ogue, CEO of Buenbit, expressed that partnering with Nexo is a natural progression for the company. He highlighted the importance of local insights and product diversity in driving innovation within Argentina’s dynamic market. Ogue believes that with Nexo’s global scale, Buenbit can extend its impact across the region, empowering users to save, invest, and grow wealth in a stable and regulated environment.
The completion of the acquisition is subject to customary regulatory approvals. This move is part of Nexo’s broader strategy to expand its footprint in Latin America, a region characterized by inflation, volatility, and limited access to credit. Nexo aims to address these challenges by offering consistent yields and crypto-backed credit, thereby supporting long-term savings and investment opportunities.
By establishing Buenos Aires as a regional hub, Nexo plans to foster future partnerships and investments across Argentina, Peru, and Mexico. This initiative reinforces Nexo’s position as a responsible global consolidator in the digital assets space, focusing on sustainable growth and innovation.
Why This Matters: Impact, Industry Trends & Expert Insights
Nexo’s acquisition of Buenbit aims to establish Buenos Aires as its Latin American hub, expanding its digital asset services across Argentina, Peru, and Mexico.
A recent Chainalysis report highlights that Latin America has become a significant cryptocurrency hub, with a marked increase in transaction volumes and stablecoin usage. This aligns with Nexo’s strategic expansion, leveraging the region’s growing adoption of digital assets to enhance its market presence and service offerings.
According to a Financial Post report, analysts view the acquisition as pivotal for Nexo, integrating its global product portfolio with Buenbit’s local expertise. This supports the impact of the acquisition by facilitating immediate access to advanced financial products and fostering financial inclusion in the region.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
