ChainThink news, December 11: According to CoinDesk, asset management platform Nexo has acquired Buenbit, an Argentine crypto investment platform, with the specific transaction amount undisclosed. The deal aims to deepen Nexo’s presence in Latin America, enabling operations under Argentina’s regulatory framework and tapping into Buenbit’s user base across Argentina and Peru. Upon completion, Buenos Aires will serve as Nexo’s Latin American headquarters, supporting expansion into Mexico and Peru.

Nexo operates in over 150 jurisdictions and manages approximately $11 billion in assets. Buenbit is registered with Argentina’s National Securities Commission (CNV) and provides fiat-to-crypto services. Additionally, the Central Bank of Argentina is drafting new regulations that aim to permit banks to offer crypto-related services to clients by the first half of next year.