“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?”
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.
Buenbit's cards run on Mastercard.
Buenbit uses SG Financial Technology SA for FX and cross-border payouts.
Buenbit's crypto products run on OpenTrade, Bridge (Bridge Building Limited), Num Finance (nuARS) and MakerDAO (DAI).
The Embedded Finance Index 2026 maps 4 layers in Buenbit's stack: Card network (Mastercard); Lending (Sistema de Créditos Colateralizados de Criptoactivos (crypto-collateralized loans), nuARS loans collateralized with DAI and Financing for Samsung purchases via Buenbit Préstamos); FX & payouts (SG Financial Technology SA); Crypto (OpenTrade, Bridge (Bridge Building Limited), Num Finance (nuARS) and MakerDAO (DAI)).
Buenbit is founded in 2018 and headquartered in Buenos Aires, Argentina (Latin America).
Get a read on where your own stack stands against Buenbit and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.