Nexo Expands in Latin America by Acquiring Buenbit

Nexo Acquires Argentine Buenbit

Nexo has decided to purchase the Argentina-based company Buenbit, thus expanding its presence in Latin America. This deal provides Nexo with the opportunity to secure the necessary regulatory approvals to operate in Argentina.

This acquisition allows Nexo to access Buenbit's user base while also offering services such as crypto-collateralized loans, high-yield savings accounts, and trading tools.

Buenos Aires will be the headquarters for Nexo in Latin America. The company plans to expand into markets like Mexico and Peru in the near future.