Nexo acquires Argentine exchange Buenbit and establishes a regional hub in Buenos Aires

Source: Criptonoticias Original Title: Nexo acquires Argentine cryptocurrency exchange Original Link: https://www.criptonoticias.com/comunidad/adopcion/nexo-compra-buenbit-exchange-criptomonedas-argentina/ Nexo, a cryptocurrency platform headquartered in Switzerland with $11 billion in assets under management, announced today the acquisition of the Argentine exchange Buenbit. The purchase amount is not publicly disclosed, as it is part of private agreements between the parties.

This strategic transaction marks a milestone in Nexo’s global scalability. The initiative aims to unify its liquidity infrastructure and products with the local expertise and customer base of the cryptocurrency exchange Buenbit.

According to Federico Ogue, CEO of Buenbit, Buenbit users will continue to operate normally, while gradually gaining access to Nexo’s full suite of global services.

Among the new expected services are yields and crypto loans, as well as access to trade more than 100 crypto assets and advanced investment features in the sector such as futures.

Promising Market in Latin America

According to Nexo, Latin America is the most promising digital asset market in the world. It highlights that, between July 2022 and June 2025, the region recorded nearly $1.5 trillion in cryptocurrency transaction volume, according to Chainalysis.

This motivated them to buy the exchange, which drives adoption in Argentina and Peru. These countries are functioning markets where people use stablecoins as part of their daily planning, said Antoni Trenchev, co-founder of Nexo.

Argentina has long been a testing ground for fintech innovation. By joining a team that knows this market perfectly, we take a confident first step in bringing Nexo’s global resources to a local context.

— Antoni Trenchev, co-founder of Nexo

Regional Operational Center in Buenos Aires

As part of its regional strategy, Nexo will have its Latin America operational center in Buenos Aires for future alliances and investments in Argentina, Peru, and Mexico.

Argentina records around $93.9 billion in annual volume, Mexico close to $71.2 billion, and Peru approximately $28 billion, according to Chainalysis. These activity levels reflect the potential that the Swiss company sees for regional growth.

Buenbit’s CEO described its sale as a natural step in its evolution to expand operations. In his view, local insights and product breadth can foster innovation in Argentina, where preserving value is fundamental, and they hope to extend this across the region.

In Latin America, where inflation, volatility, and limited access to credit continue to undermine long-term savings, Nexo highlights that cryptocurrencies are gaining greater relevance.

Buenbit, regulated in Argentina as a virtual asset service provider (PSAV) by the National Securities Commission (CNV), was founded in 2018 by Julián Fraiese and Federico Ogue. To date, it has processed more than $2 billion.

The completion of the transaction is subject to regulatory approvals from the CNV. This initiative takes place while Argentina remains one of the countries with the highest cryptocurrency adoption in the world.