Nexo Agrees to Buy Argentina’s Buenbit to Expand Crypto Services Across Latin America

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email 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. By Francisco Rodrigues , AI Boost | Edited by Sheldon Reback Dec 11, 2025, 2:00 p.m. (Angelica Reyes/Unsplash/Modified by CoinDesk) 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. In this article BTC BTC $ 90,193.08 ◢ 2.80 % 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 Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . 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. Argentina Nexo Buenbit 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 Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus 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. 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