Nexo, which manages $11 billion in assets, has announced its acquisition of the Latin America–based crypto platform Buenbit, a move that strengthens its regional presence and expands access to crypto-based financial services. The transaction combines Nexo’s liquidity, trading, and wealth management tools with Buenbit’s robust user base in Argentina and Peru, where demand for digital assets is continuing to grow.
Buenbit clients will gain access to Nexo’s wider range of products, including high-yield savings, crypto-backed credit, advanced trading tools, and structured investment options. The deal forms part of Nexo’s plan to build a long-term footprint in Latin America, with Buenos Aires set to become a regional hub for future partnerships and investment, subject to regulatory approvals.
Antoni Trenchev, Co-Founder of Nexo, said, “Argentina has long been a proving ground for fintech innovation. By joining forces with a team that knows this market inside out, we’re taking a confident first step in bringing Nexo’s global resources to a local context.” Federico Ogue, Chief Executive Officer of Buenbit, added, “Partnering with Nexo is the natural next step in our evolution,” and together we are ready to extend our impact across the region in a stable, transparent, and regulated environment. The combined business aims to offer more secure savings and credit options in markets that face inflation and limited access to traditional finance.
