Digital asset platform Nexo formally launches in Argentina to supply high-yield financial savings and cryptocurrency-backed credit score following the acquisition of Buenbit.
International digital asset asset platform Nexo has established a regional hub in Buenos Aires on March 5, 2026. The growth introduces a digital greenback financial savings different, permitting native customers to earn as much as 13% annual curiosity on stablecoins corresponding to USDT and USDC.
The platform may also debut cryptocurrency-backed credit within the Argentine market, permitting Bitcoin and Ethereum holders to entry liquidity with out promoting their positions. These providers outperform conventional native merchandise corresponding to time period deposits and mutual funds, which generally yield returns of 0.5% to eight% per 12 months.
“In the present day, know-how permits folks to save lots of, earn yield and entry liquidity in foreign exchange, complementing conventional monetary alternate options,” stated Federico Org, Buenbit CEO at Nexo.
🧭Regularly Requested Questions
• What are the principle rates of interest supplied on digital greenback financial savings in Argentina? Customers can earn as much as 13% annual curiosity on USD-based stablecoins via the platform.
• Which native corporations has Nexo acquired to facilitate growth in Argentina? Nexo established its regional presence in Buenos Aires after its strategic acquisition of Buenbit.
• How a lot of the world’s belongings below administration does Nexo at present handle? The digital asset asset platform at present manages over US$8 billion in belongings.
Leave a Reply