Nexo Acquires Buenbit, Taps Buenos Aires as LatAm Launchpad
Nexo announced it has acquired Buenos Aires–based Buenbit, with the acquired platform continuing to operate under the Buenbit brand for the foreseeable future. Buenbit users will gain access to Nexo’s full product suite, giving them immediate entry to lending, earn and custody services that Nexo offers. The companies say operational integration will prioritize continuity for customers while enabling new product rollouts.
The acquisition makes Buenos Aires a strategic launchpad for Nexo’s planned regional push into Latin America, where crypto adoption and developer talent remain strong. For the broader market, the deal signals increased competition among global crypto firms to secure local footing and regulatory relationships in LatAm. Nexo’s ticker (NEXO) remains the listed identifier for investors watching the company’s growth trajectory in the region.