Crypto firm Nexo purchases Argentina’s Buenbit in Latin America expansion
Dec 11 (Reuters) – Cryptocurrency firm Nexo is acquiring Buenbit, an Argentine trading platform, as it targets growth across Latin America, it said on Thursday.
Nexo, which earlier this year announced it would return to the United States after leaving the market due to $45 million in regulatory fines, has cozied up to the Trump family, meeting with the president and his son, Don Jr., in recent months.
The Cayman Islands company that offers crypto-backed loans, trading tools and a crypto exchange did not provide financial details of the acquisition.
Buenbit is registered through Argentina’s securities regulator and operates in the South American country as well as in Peru, boasting more than 1 million…
