Nexo is making a calculated move into one of the world’s most crypto active regions.
The digital asset lender has acquired Buenbit, a Latin American crypto platform, positioning itself for regulated expansion across Argentina, Peru, and Mexico. The deal brings Buenbit’s CNV registered operations and more than 1 million users under Nexo’s global umbrella, significantly accelerating its footprint in the region.
Buenbit brings real scale.
Founded in Argentina, the platform has processed over $2 billion in transaction volume and has built a strong compliance record with the country’s securities regulator. According to company data, Buenbit added more than 40,000 active users in the final months of 2025, highlighting sustained demand even during volatile market conditions.
The acquisition is still pending regulatory approval, but the strategic logic is clear.
Latin America has become one of the fastest growing digital asset markets in the world. Currency instability, heavy remittance flows, and strong demand for on chain dollar denominated assets have pushed crypto adoption into the mainstream. A regulated entry point in this corridor is a valuable asset.
Argentina sits at the center of that story.
The country consistently ranks among the highest globally for crypto penetration, as households search for inflation hedges and more reliable savings tools. Federico Ogue, CEO of Buenbit, said the transaction enables broader regional collaboration, empowering users to save, invest, and grow wealth in a stable, transparent, and regulated environment.
For Nexo, this is about local expertise.
The company manages roughly $11 billion in assets, according to its own disclosures. Co founder Antoni Trenchev described Argentina as a proving ground for fintech innovation and said partnering with a team that deeply understands the market allows Nexo to bring global resources into a local context with confidence.
Buenbit users will transition into Nexo’s full product ecosystem.
That includes high yield savings, crypto backed credit, structured investment products, futures trading, and the NEXO token loyalty program. The combined platform promises deeper liquidity, stronger security infrastructure, and 24/7 personalized client support.
Operationally, the region will have a clear hub.
Buenos Aires will serve as Nexo’s Latin American headquarters, anchoring its regional strategy. Financial terms of the acquisition were not disclosed.
The timing also reflects Nexo’s broader regulatory reset.
After exiting the U.S. market in 2023 following a $45 million settlement with federal and state regulators, the company has spent the past year rebuilding its compliance posture. Bulgarian prosecutors formally closed a multi year investigation in December 2024, finding no criminal activity. In September 2024, Nexo resumed client registrations in the United Kingdom after implementing upgrades to meet FCA compliance standards.
With Buenbit, Nexo is not just entering Latin America. It is planting a regulated flag in one of crypto’s most battle tested markets.
