Nexo acquires Argentine crypto platform Buenbit, establishing Buenos Aires as its Latin American headquarters
According to CoinDesk, asset management platform Nexo has acquired Argentine crypto investment platform Buenbit, with the specific transaction amount undisclosed.The deal aims to deepen Nexo's presence in Latin America, allowing it to operate under Argentina's regulatory framework and reach Buenbit's user base in the country and Peru.After the transaction is completed, Buenos Aires will serve as Nexo's Latin American headquarters, supporting its expansion into Mexico and Peru. Nexo operates in over 150 jurisdictions, managing assets of approximately $11 billion. Buenbit is registered with the Argentine National Securities Commission (CNV) and offers fiat-to-crypto asset services.Additionally, the Central Bank of Argentina is drafting new regulations, planning to allow banks to provide cryptocurrency-related services to customers in the first half of next year.
