As digital asset firms race to secure regional footholds, the new nexo buenbit agreement signals a fresh phase of consolidation in Latin America’s crypto market.
Nexo moves to acquire Argentina-based Buenbit
Crypto lender Nexo has agreed to acquire Argentina-based crypto investment platform Buenbit for an undisclosed amount, strengthening its push into Latin America. The Zug, Switzerland-based company said the transaction will deepen its presence across the region and secure full regulatory approval to operate in the country.
The deal gives Nexo direct access to Buenbit user base in Argentina and Peru, while integrating the local platform into Nexo’s larger crypto infrastructure. Moreover, the company emphasized that the acquisition is designed to support a broader set of digital asset services for retail customers in high-inflation markets.
Regulatory framework and Buenbit’s CNV status
By taking over Buenbit, Nexo will be able to operate under Argentina’s existing regulatory framework for virtual asset providers. Buenbit, which holds buenbit cnv registration with Argentina’s Comisión Nacional de Valores (CNV), has positioned itself as a key gateway for crypto adoption in the country.
The platform offers fiat-to-crypto services in markets where inflation and capital controls are part of everyday financial life. That said, Nexo plans to fold this local expertise into an infrastructure that already spans more than 150 jurisdictions and manages $11 billion in client assets globally.
New services for Buenbit customers
For existing Buenbit users, the acquisition will translate into access to a wider suite of products. These include crypto backed loans, which can act as an alternative for customers facing limited access to traditional credit in Argentina and other countries with tight banking conditions.
In addition, Nexo intends to roll out high yield savings accounts and advanced trading tools through its integrated platform. However, all services will need to comply with local oversight rules as Argentina’s regulators refine their approach to digital assets.
Buenos Aires as Nexo’s Latin America hub
Buenos Aires will become Nexo’s Latin American headquarters, underlining the strategic relevance of Argentina in its regional plans. The company aims to use the city as an operational base to expand into Mexico and Peru, where demand for alternative financial services continues to grow.
The firm described the deal as part of a multiyear plan focused on long-term investments and partnerships across Latin America. Moreover, this latin america expansion strategy reflects the broader push by global crypto platforms to lock in market share as local regulatory regimes mature.
Regulatory context and timing in Argentina
The acquisition comes as Argentina’s central bank works on new argentina crypto regulation that could reshape how banks interact with digital assets. The institution is drafting rules that would allow banks to offer customers cryptocurrency-related services in the first half of next year, although final regulatory approval remains pending.
Against this backdrop, the nexo buenbit transaction positions the Swiss lender ahead of a coming shift in how crypto markets are supervised in Argentina. However, the success of the integration will depend on how the new rules are implemented and how quickly local banks move to adopt them.
Strategic implications of the Argentina acquisition
Nexo framed the agreement as a core element of its nexo acquisition argentina strategy, signaling confidence in the long-term potential of the region. By combining Buenbit’s local presence with Nexo’s global scale, the firm is betting on sustained demand for digital asset products despite regulatory uncertainty.
In summary, the deal consolidates Buenbit’s on-the-ground experience with Nexo’s cross-border infrastructure, creating a new Latin American hub centered in Buenos Aires. If regulators follow through with clearer rules in 2025, the combined platform could be well placed to capture both retail and institutional interest in crypto services across the region.