Buenbit
Buenbit is an Argentine-headquartered cryptocurrency exchange platform that enables over one million registered users in Argentina and Peru to buy, sell, and trade digital assets and earn stablecoin yields through Aave-integrated mobile applications.
- Company typePrivate
- Founded2018
- HeadquartersBuenos Aires, Argentina
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Buenbit does
Buenbit is an Argentine-headquartered cryptocurrency exchange and digital asset platform founded in 2018, serving more than one million registered customers across Argentina and Peru. The company enables users to buy, sell, and trade cryptocurrencies including Bitcoin and stablecoins through a consumer-facing mobile application, and offers yield-bearing products on stablecoin holdings through an embedded integration with the Aave DeFi lending protocol. This integration allows users to access decentralized lending yields without direct blockchain interaction, addressing financial inclusion for Latin America's more than 200 million unbanked and underbanked individuals facing local-currency inflation and volatility.
The core technology stack is a consumer mobile platform with established fiat on-ramp and off-ramp infrastructure that has processed more than $2 billion in transaction volume. The platform's Aave integration represents its primary technical differentiator, enabling dollar-denominated returns through familiar local-currency interfaces. Buenbit operates under regulatory registration with Argentina's Comisión Nacional de Valores (CNV), providing legitimacy in a fragmented regional regulatory environment.
Buenbit's business model combines transaction fees on crypto trading with usage-based revenue from yield products on stablecoin holdings. The company employs 51-100 people and is headquartered in Buenos Aires. In December 2025, Buenbit was acquired by Nexo, a global digital asset platform, with the deal positioning Buenos Aires as Nexo's regional hub for Latin American expansion. Prior to the acquisition, Buenbit had raised $11 million in a Series A funding round led by Libertus Capital in July 2021, with participation from Amaiya Management, FJ Labs, Galaxy Digital, and Protofund.
Buenbit firmographics
Firmographics- Name
- Buenbit
- Legal name
- Nexo Services S.A
- Website
- https://buenbit.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- Buenbit is an Argentine-headquartered cryptocurrency exchange platform that enables over one million registered users in Argentina and Peru to buy, sell, and trade digital assets and earn stablecoin yields through Aave-integrated mobile applications.
- Ownership category
- akta.pro rank
Buenbit industry classification
Industry- Product category
- Cryptocurrency Exchange
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
- akta.pro secondary industries
- Centralized Crypto Lending Platforms (CeFi) (FSADAFAA), Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB)
Keywords
Where Buenbit is headquartered
LocationHeadquarters
- HQ city
- Buenos Aires
- HQ country
- Argentina
- HQ region
- Latin America
Offices1 record
Markets served
Buenbit business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Others
Revenue model
- Crypto Trading and Exchange: Platform enables users to buy, sell, and trade cryptocurrencies and stablecoins with yield generation capabilities
- Yield Products: Users earn yields on stablecoin holdings through DeFi integration with Aave protocol
Go-to-market motion2 records
Distribution channels1 record
Buenbit product offering
Product offeringCore offering
Buenbit operates a cryptocurrency exchange and yield-generation platform that enables users in Latin America to buy, sell, and trade digital assets including Bitcoin and stablecoins, while earning daily yields on stablecoin holdings. The platform serves over one million registered customers and has processed more than $2 billion in transaction volume through its established on-ramp infrastructure and embedded Aave DeFi integration.
Product overview
Buenbit is a crypto exchange platform that offers cryptocurrency trading and asset management services. The platform allows users to buy crypto assets and earn yields on stablecoin holdings. It operates primarily in Argentina and Peru with over one million registered customers, having processed more than $2 billion in trading volume. Following its acquisition by Nexo, the platform is being integrated into Nexo's global crypto product suite while maintaining its local market presence.
Differentiator
Problem solved
Functional benefit
Products and services
- Buenbit Crypto Exchange Platform A cryptocurrency exchange and trading platform enabling users in Latin America to buy, sell, and trade digital assets including Bitcoin and stablecoins. The platform serves over one million registered customers and has processed more than $2 billion in transaction volume, with users able to earn yields on stablecoin holdings through embedded Aave DeFi integration.
Quantifiable outcome
- Over 200 million unbanked/underbanked individuals targeted in Latin America
Companies that use Buenbit
Customer profileSegments2 records
Ideal customer profiles2 records
Buenbit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature2 records
Buenbit partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- AavecoreDeFi protocol Aave partnered with Buenbit to embed its lending infrastructure into Buenbit's consumer mobile app, enabling users to earn yields on stablecoin holdings without direct blockchain interaction. This partnership addresses financial inclusion for Latin America's unbanked and underbanked populations by providing dollar-denominated returns through familiar local currency interfaces.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Buenbit competitors and assessment
Company assessmentDirect peers
- Bitso: Mexico-founded crypto exchange with deep operations in Argentina, Brazil, and Colombia. Offers similar trading plus USD-denominated yield products targeting unbanked LATAM consumers; most direct head-to-head competitor in Buenbit's core markets.
- Ripio: Argentine crypto exchange and lending platform founded 2013, offering trading, stablecoin yield, and consumer financial services in Argentina and Brazil. Closely comparable in product mix, geographic focus, and unbanked consumer target segment.
- Lemon Cash: Argentine crypto fintech app targeting retail consumers with trading, stablecoin savings, and a Visa debit card. Competes directly with Buenbit for the same Argentine unbanked/dollar-hedging customer segment.
- Mercado Bitcoin: Brazil's largest crypto exchange, founded 2013, offering trading, tokenized assets, and yield products. Comparable in operating model and consumer-facing crypto + yield proposition, though focused on Brazil rather than Southern Cone.
- Belo: Argentine crypto platform focused on stablecoin-based dollar savings for consumers facing peso devaluation. Highly comparable product/market fit to Buenbit's yield product, though smaller scale.
Broad incumbents
- Binance: Global crypto exchange with substantial LATAM user base and local payment integrations in Argentina, Brazil, and Mexico. Competes on breadth of assets and liquidity rather than localized yield features.
- Coinbase: US-listed global crypto exchange with growing international presence. Offers staking/yield products similar to Buenbit's Aave integration but lacks LATAM-specific banking rails and regulatory licensing.
- Crypto.com: Global crypto exchange and card issuer with retail yield products comparable to Buenbit's offering. Operates at much larger scale globally but with less LATAM-specific regulatory and banking integration.
Emerging players
- Aave: Decentralized lending protocol that is Buenbit's core yield infrastructure partner. Increasingly offers consumer-facing products (Aave Arc, institutional pools) that overlap with Buenbit's wrapped CeFi yield offering.
Market position
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Buenbit social profiles
Digital presenceBuenbit compliance and trust
Trust signalCompliance1 record
Buenbit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Buenbit leadership team
Management profileNumber of profiles
Profiles5 records
Buenbit funding detail
Funding detailFunding overview
Funding rounds2 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Buenbit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Buenbit
What does Buenbit do?
Buenbit operates a cryptocurrency exchange and yield-generation platform that enables users in Latin America to buy, sell, and trade digital assets including Bitcoin and stablecoins, while earning daily yields on stablecoin holdings. The platform serves over one million registered customers and has processed more than $2 billion in transaction volume through its established on-ramp infrastructure and embedded Aave DeFi integration.
Is Buenbit a public or private company?
Buenbit is a private company. It is classified as corporate owned and is currently acquired.
When was Buenbit founded?
Buenbit was founded in 2018. It employs 51 to 100 people.
Where is Buenbit based?
Buenbit is headquartered in Buenos Aires, Argentina, in the Latin America region.
How does Buenbit make money?
Two revenue lines are on record. Crypto Trading and Exchange is the primary driver. The others are yield Products.
Who are Buenbit's main competitors?
Direct peers on record are Bitso, Ripio, Lemon Cash, Mercado Bitcoin and Belo. Broad incumbents are Binance, Coinbase and Crypto.com. Aave is listed as an emerging player.
Does Buenbit have an API?
No public API is recorded for Buenbit.
What industry is Buenbit in?
Buenbit's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms, with a secondary code of FSADAFAA, Centralized Crypto Lending Platforms (CeFi). Its NAICS code is 523 and its SIC code is 6200.