Argentina has seen among the highest crypto penetration rates worldwide as households seek inflation hedges and stable savings instruments.
Latin America Crypto News
Nexo has acquired Buenbit, a Latin American crypto platform, positioning the digital asset lender for regulated expansion across Argentina, Peru and Mexico. The transaction folds Buenbit's CNV-registered operations and over 1 million users into Nexo's global platform.
Buenbit has processed more than $2 billion in volume since its founding in Argentina. The platform is registered with Argentina's securities regulator and added more than 40,000 active users in the final months of 2025, according to company data.
The deal remains subject to regulatory approval. Nexo will gain regulated presence in an active crypto corridor, as Latin America represents one of the fastest-growing digital asset markets globally, driven by currency instability, remittance flows, and appetite for on-chain dollar-denominated assets.
Argentina has seen among the highest crypto penetration rates worldwide as households seek inflation hedges and stable savings instruments. Federico Ogue, Buenbit CEO, said the transaction enables work across the region, empowering people to save, invest, and grow wealth in a stable, transparent, and regulated environment.
Nexo manages $11 billion in assets, according to company statements. Antoni Trenchev, Nexo co-founder, called Argentina a proving ground for fintech innovation and said joining forces with a team that knows the market provides the confident first steps in bringing global resources to a local context.
Buenbit users will transition to Nexo's product suite, including high-yield savings, crypto-backed credit, structured investment tools, futures trading, and the NEXO token loyalty program. The companies stated the combination offers expanded liquidity, stronger security infrastructure, and 24/7 personalized client support.
Buenos Aires will serve as Nexo's Latin American headquarters. Terms of the deal were not disclosed by either company.
The acquisition follows regulatory repositioning for Nexo over the past year. The company exited U.S. markets in 2023 after a $45 million settlement with federal and state regulators, but began laying groundwork for reentry earlier this year, according to previous reports.
Bulgarian prosecutors formally ended a multi-year investigation in December 2024 after finding no criminal activity. Nexo resumed client registrations in the United Kingdom in September 2024 after implementing upgrades that meet FCA compliance requirements, expanding its regulated footprint across multiple jurisdictions.
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