Nexo Expands in Latin America by Acquiring Buenbit

Nexo Reaches Agreement with Argentine Buenbit

Nexo has decided to acquire the Argentina-based company Buenbit, thus expanding its presence in Latin America. This agreement offers Nexo the opportunity to obtain the necessary regulatory approvals to operate in Argentina.

This acquisition not only provides Nexo access to Buenbit's user base but also allows it to offer services such as crypto-backed loans, high-yield savings accounts, and trading tools.

Buenos Aires will be Nexo's headquarters in Latin America. The company plans to expand into markets such as Mexico and Peru in the upcoming period.