BlockBeats News, December 11th, according to CoinDesk's report, the asset management platform Nexo has acquired the Argentinean crypto investment platform Buenbit, with the specific transaction amount undisclosed. This transaction aims to deepen Nexo's presence in Latin America, allowing it to operate under Argentina's regulatory framework and reach Buenbit's user base in the country and Peru. After the completion of the transaction, Buenos Aires will serve as Nexo's Latin American headquarters, supporting its expansion into Mexico and Peru.Nexo operates in over 150 jurisdictions with assets under management of around $11 billion. Buenbit is already registered with the Argentinean Securities Commission (CNV) and provides fiat-to-crypto services. Additionally, the Central Bank of Argentina is drafting new regulations, planning to allow banks to offer cryptocurrency-related services to customers in the first half of next year.
