Nexo opens Buenos Aires hub to target Latin American stablecoin users
Nexo (NEXO)
Editor:
Eugene Serbin
Traders Union reports that Nexo has established Buenos Aires as its new Latin America hub. Andrés Ondarra, Nexo’s General Manager in Argentina, explained the strategic choice to DefiLlama Research. The decision relies on Argentina’s mature stablecoin user base and high transaction volume.
Data indicates approximately 8.6 million crypto users existed in the country in 2024. Stablecoins account for the majority of local crypto transactions, driving Nexo’s local product development. The company acquired Buenbit to meet regulatory requirements and enter the market.
Nexo launched digital-dollar rails and a stablecoin-based savings account to adapt to local needs. Buenos Aires will serve as a launchpad for expansion into Peru and Mexico. Nexo offers integrated services including custody, exchange, and crypto-backed lending. The platform also features an integrated wallet and a crypto-secured card.
How the market reacted
Whalio's own Binance spot order flow for NEXO, measured when this story was written up on 10 September 2026. Not the outlet's figures.
Nexo (NEXO) trades at $0.8360 with a 24-hour buy ratio of 51.5%. Short-term pressure shows a 1-hour buy ratio of 44.6% and a 4-hour ratio of 41.6%. This indicates that buying interest is fading compared to the daily average. Volume deltas reflect this shift, dropping to -$4,018 in one hour and -$18,527 in four hours. Over 24 hours, the volume delta is positive at +$14,577, showing net buying over the full day. The cumulative volume delta closed at -$19,246, suggesting selling pressure outweighed buying by the end of the period.
The latest daily buy ratio of 53.6% sits at the 86th percentile of the last 322 days, against a median of 50.2% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for NEXO, averaged over the days leading up to the story.
The 24-hour buy ratio of 51.5% is higher than the 7-day average of 48.0%. This represents a +3.5 point increase over the weekly baseline. Volume remains steady at 0.99x the average daily level. Net buying occurred on only 2 of the last 7 days. The 8-day price change is +0.1%, indicating minimal movement. This is an ordinary day for the coin, with volume matching the average but buying pressure slightly elevated compared to the weekly norm.