Nexo acquires local Argentine platform Buenbit, positioning in the Latin American market to seize policy dividend opportunities

【Blockchain Rhythm】Asset management platform Nexo recently acquired Buenbit, a local cryptocurrency investment platform in Argentina. Although the specific amount spent has not been disclosed, this move clearly targets the Latin American market. After the acquisition, Nexo will be able to operate compliantly under Argentina’s regulatory system and will directly take over the user base that Buenbit has accumulated in Argentina and Peru. Buenos Aires will become Nexo’s base in Latin America, and the expansion into Mexico and Peru will have a foothold.

It’s important to note that Nexo currently operates in over 150 locations worldwide, managing approximately $11 billion in assets. Buenbit itself has already registered with the Argentine National Securities Commission, providing fiat and crypto asset exchange services, making it a legitimate player with proper licensing. More importantly, the Central Bank of Argentina is drafting new regulations, planning to allow banks to offer cryptocurrency-related services to customers by the first half of next year—by acquiring Buenbit at this time, Nexo clearly aims to seize the opportunity and establish a foothold before the policy benefits arrive.