Nexo expands its footprint in Latin America by acquiring Buenbit

On December 11th, Nexo announced the acquisition of Argentine trading platform Buenbit to expand its services in the Latin American market. This strategic move aims to enhance Nexo’s offerings and establish a firm regulatory position in Argentina.

With the acquisition, Buenbit’s users will gain access to Nexo’s crypto-backed loans and high-yield savings accounts. Nexo will also set up its Latin American headquarters in Buenos Aires, with plans for further expansion into Mexico and Peru.