Buenbit
“Can a LatAm crypto exchange become a full digital savings and investment platform — and is that opportunity better captured under Nexo's global wealth-management umbrella?”
Founded2018
HQBuenos Aires, Argentina (Latin America)
Latest roundAcquired by Nexo (2025)
IndustryFintech / Crypto
The story
Founded 2018 as Argentina's first crypto exchange, Buenbit expanded across LatAm (Peru, Mexico, Colombia, Uruguay) to over 800,000 users with crypto trading, USD stablecoin accounts, crypto-collateralized loans, a Mastercard prepaid card, and a U.S. equities offering via DriveWealth. In 2025, Buenbit was acquired by Nexo, which is using the Buenos Aires hub as its LatAm base and migrating Buenbit users to the Nexo platform by April 30, 2025. The Buenbit brand persists as 'Buenbit by NEXO' during transition.
Product timeline
2018
Founded in Argentina as a crypto exchange offering access to cryptocurrencies and USD stablecoins· founding
2022
Launched crypto-collateralized loan product (DAI collateral, nuARS withdrawal) — first of its kind in LatAm· lending
2022
Relaunched Mastercard prepaid card (BKR – Buenbit Mastercard) with crypto cashback and loyalty program· card
2025
Partnered with OpenTrade to integrate RWA-backed yield products into platform· banking
2025
Acquired by Nexo; Buenbit Cripto SA renamed Nexo Services SA; user migration to Nexo platform initiated· acquisition
Regulated entities
5
regulatory licences held by Buenbit
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in Buenbit’s embedded-finance stack
Card network
Lending
in the full report
FX & payouts
in the full report
Crypto
in the full report
Accounting gap: none
8 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.