Crypto firm Nexo purchases Argentina's Buenbit in Latin America expansion

Group 1 - Nexo is acquiring Buenbit, an Argentine trading platform, to expand its growth in Latin America [1][2] - Buenbit operates in Argentina and Peru, serving over 1 million clients and is registered with Argentina's securities regulator [2] - Nexo plans to develop Buenos Aires as a regional hub for partnerships and investments in Argentina, Peru, and Mexico as part of its multi-year strategy [3] Group 2 - Argentines are increasingly using digital currencies as a hedge against high inflation, which has decreased from previously high levels [3] - The central bank of Argentina is considering allowing traditional banks to trade cryptocurrencies, indicating a potential shift in regulatory stance [3]