Nexo to Acquire Argentina's Buenbit, Expanding Latin America Footprint

Published at 2025-12-11 14:15:20

Nexo announced plans to acquire Argentina’s Buenbit, a move that immediately opens Nexo to Buenbit’s local user base and fiat on-ramps. Under the deal, Nexo will be able to roll out its core products — crypto-backed loans, high-yield savings offerings and trading tools — directly to Argentine customers, accelerating the company’s commercial push in a market with high crypto adoption.

The acquisition strengthens NEXO’s footprint across Latin America and could boost deposits, lending volumes and product distribution for both retail and institutional clients. For Argentine users it promises more product choice and deeper liquidity, while intensifying competition among regional crypto firms. Financial terms, regulatory approvals and integration timelines have not been disclosed.

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Nexo has acquired Argentine crypto platform Buenbit and will integrate its full product suite for Buenbit users while preserving the Buenbit brand. The move is intended to establish Buenos Aires as Nexo’s regional hub for broader Latin American expansion.

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Published at 2025-12-12 23:45:10

Tether Makes All-Cash Bid to Acquire Juventus from Agnelli Family

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Published at 2025-12-12 20:30:14

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Published at 2025-12-12 07:30:15

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Published at 2025-12-08 01:15:09

Argentina Central Bank Considers Allowing Banks to Offer Crypto Services

Local media report the central bank is exploring a regulatory framework to let licensed banks offer cryptocurrency and stablecoin services, a move analysts say could widen public access to digital assets.