Crypto firm Nexo has acquired Argentina-based trading platform Buenbit as part of a strategic push to grow its presence across the Latin American digital asset market.
Nexo, a global digital asset platform with about US$11 billion in assets under management, has agreed to purchase Buenbit, one of the region’s most active crypto exchanges and a registered virtual asset service provider in Argentina. The acquisition is intended to accelerate Nexo’s expansion across Argentina, Peru and neighbouring markets According to a release by Nexo, Latin America’s robust crypto adoption, driven in part by currency volatility and demand for altern