Nexo acquires Argentine crypto platform Buenbit, will make Buenos Aires the Latin America headquarters

BlockBeats News, December 11 — According to CoinDesk, asset management platform Nexo has acquired Argentine crypto investment platform Buenbit, with the specific transaction amount not disclosed. This deal aims to deepen Nexo’s presence in Latin America, enabling it to operate under Argentina’s regulatory framework and reach Buenbit’s user base in the country and Peru. After the transaction is completed, Buenos Aires will serve as Nexo’s Latin American headquarters, supporting its expansion into Mexico and Peru. Nexo conducts business in over 150 jurisdictions and manages approximately $11 billion in assets. Buenbit is registered with Argentina’s National Securities Commission (CNV) and offers fiat-to-crypto services. Additionally, the Central Bank of Argentina is drafting new regulations to allow banks to offer cryptocurrency-related services to customers starting in the first half of next year.