Crypto Lender Nexo Agrees to Buy Argentina’s Buenbit to Expand Services Across Latin America
Crypto lender Nexo said it agreed to acquire Argentina-based crypto investment platform Buenbit for an undisclosed amount as it deepens its presence across Latin America.
The deal will allow Nexo to operate under Argentina’s regulatory framework and tap into Buenbit’s user base in that country and in Peru, the Zug, Switzerland-based lender said in a statement shared with CoinDesk.
Buenbit, registered with Argentina’s Comisión Nacional de Valores (CNV), has become a key player in the region’s crypto adoption, offering fiat-to-crypto services in markets where inflation and currency controls are routine. The Nexo deal folds that local experience into its larger infrastructure that spans more than 150 jurisdictions and manages $11…
