Nexo acquires Buenbit to anchor regulated push into Latin America’s growing crypto market

Nexo has acquired Buenbit, a fast-growing Latin American crypto platform, in a deal that positions the digital asset lender for a regulated expansion across Argentina, Peru, and Mexico.

Buenbit, founded in Argentina, has become a major on-ramp for users navigating volatile local currencies and limited access to traditional credit. The platform is registered with Argentina’s securities regulator (CNV) and has processed more than $2 billion in volume. In the final months of 2025 alone, Buenbit added more than 40,000 active users, according to the company.

The transaction, which remains subject to regulatory approval, will fold Buenbit’s CNV-registered operations and more than one million-strong user base into Nexo’s global platform,  the companies announced on Thursday. By integrating Buenbit, Nexo will gain a regulated presence in an active crypto corridor.

Terms of the deal were not disclosed.

The tie-up allows the firm to extend its work “across the region, empowering people to save, invest, and grow wealth in a stable, transparent, and regulated environment," Buenbit CEO Federico Ogue said in a statement.

Nexo said Latin America has been one of the fastest-growing digital asset markets globally, driven by currency instability, remittance flows, and growing appetite for onchain dollar-denominated assets. Argentina, in particular, has seen some of the highest crypto penetration rates worldwide as households seek inflation hedges and more stable savings instruments. 

As such, Nexo’s acquisition of Buenbit marks a significant regional bet for the firm, which claims to manage $11 billion in assets.

“Argentina has long been a proving ground for fintech innovation,” Nexo co-founder Antoni Trenchev said. "By joining forces with a team that knows this market inside out, we’re taking a confident first step in bringing Nexo’s global resources to a local context."

Buenbit users will transition onto Nexo’s broader suite of products, including high-yield savings, crypto-backed credit, structured investment tools, futures trading, and Nexo’s loyalty program powered by the NEXO token. The companies said the combination will offer expanded liquidity, stronger security infrastructure, and 24/7 personalized client support.

Buenos Aires will serve as the firm’s new Latin American hub.

Nexo scales again after regulatory reset in the US and Europe

The acquisition follows a year of regulatory repositioning for Nexo.

Back in 2023, the company exited U.S. markets after a $45 million settlement with federal and state regulators. However, it began laying groundwork for reentry earlier this year, The Block previously reported.

In Europe, Bulgarian prosecutors formally ended a multi-year investigation in late December 2024 after finding no criminal activity. And in the UK, Nexo resumed client registrations in September 2024 after implementing upgrades to meet FCA compliance requirements.