Share this article
Nexo Agrees to Buy Argentina’s Buenbit to Expand Crypto Services Across Latin America
The deal gives Nexo access to Buenbit's user base and enables it to offer crypto-backed loans, high-yield savings accounts and trading tools.
Updated Dec 11, 2025, 2:29 p.m. Published Dec 11, 2025, 2:00 p.m.
What to know:
- Nexo agreed to buy Argentina-based Buenbit, expanding the Swiss company's presence in Latin America and gaining regulatory approval to operate in the country.
- The deal gives Nexo access to Buenbit's user base and enables it to offer crypto-backed loans, high-yield savings accounts and trading tools.
- Buenos Aires will be Nexo's Latin American headquarters, with plans to grow into Mexico and Peru.
Crypto lender Nexo said it agreed to acquire Argentina-based crypto investment platform Buenbit for an undisclosed amount as it deepens its presence across Latin America.
The deal will allow Nexo to operate under Argentina’s regulatory framework and tap into Buenbit’s user base in that country and in Peru, the Zug, Switzerland-based lender said in a statement shared with CoinDesk.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Buenbit, registered with Argentina’s Comisión Nacional de Valores (CNV), has become a key player in the region’s crypto adoption, offering fiat-to-crypto services in markets where inflation and currency controls are routine. The Nexo deal folds that local experience into its larger infrastructure that spans more than 150 jurisdictions and manages $11 billion in assets.
For Buenbit customers, the shift means access to a broader range of services. These include crypto-backed loans that serve as an alternative to limited traditional credit in places like Argentina, high-yield savings accounts and trading tools.
Buenos Aires will serve as Nexo’s Latin American headquarters, anchoring its planned growth into Mexico and Peru. The firm said the deal is part of a multiyear strategy to develop long-term investments and partnerships across the region.
The move comes as Argentina’s central bank drafts new rules to allow banks to offer customers cryptocurrency-related services in the first half of next year. Regulatory approval is still pending.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Michael Saylor's Strategy Hangs on to Spot in Nasdaq 100 Index
The annual Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but bitcoin treasury company Strategy hung onto its spot.
What to know:
- Strategy (MSTR) will remain in the Nasdaq 100 index despite a major reshuffle, which saw several household names dropped.
- The firm's business model, which involves stockpiling bitcoin, has drawn criticism from analysts and index providers, with MSCI considering excluding crypto treasury companies from its benchmarks.
- The Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but Strategy's bitcoin-heavy strategy secured its spot.
Top Stories
