Nexo Expands in Latin America by Acquiring Buenbit

Nexo Has Reached an Agreement with Argentine Buenbit

Nexo has decided to acquire the Argentine-based company Buenbit, expanding its presence in Latin America. This agreement provides Nexo with the opportunity to obtain 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-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.