Why did Nexo launch its crypto card in Argentina?

Nexo launched its crypto card in Argentina because the country is one of Latin America's largest digital asset markets, with approximately US$93.9 billion in cryptocurrency transactions over the past three years. The company is expanding its regional presence and has made Buenos Aires its Latin American hub.

What features does the Nexo crypto card offer in Argentina?

The Nexo crypto card allows eligible users to spend cryptocurrency or borrow against their digital assets without selling them. The card supports payments in Argentine pesos and US dollars, offers cashback on eligible purchases, interest on idle balances, fee-free ATM withdrawals of up to US$1,000, and fee-free foreign currency spending of up to US$2,000 per month.

How is Nexo expanding its business in Argentina?

Nexo has appointed Andres Ondarra as General Manager of Nexo Argentina, effective Aug. 1, to oversee its local operations. The company has also established Buenos Aires as its regional hub following its acquisition of Buenbit and its partnership with Argentina's national football team.

What does the Nexo crypto card mean for cryptocurrency users in Argentina?

The Nexo crypto card allows eligible users to spend digital assets directly or use them as collateral for credit without selling their holdings. Nexo said users can switch between spending and borrowing modes through a single interface within its app.

How does Argentina fit into Nexo's Latin America strategy?

Argentina is central to Nexo's Latin America strategy because of its high level of cryptocurrency adoption and established digital asset market. Nexo said Buenos Aires will serve as its regional base for client support, partnerships and infrastructure as it expands across the region.

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Nexo launches crypto card in Argentina

Written by Isaac FrancisPublished Jul 9, 2026, 6:53 AM

Nexo has launched its dual-mode crypto card in Argentina, allowing eligible users to spend digital assets or borrow against them without selling.
The company has appointed Andres Ondarra as Argentina general manager as it expands its presence in Latin America.
Buenos Aires will serve as Nexo's regional hub as the company builds payments, partnerships and digital asset infrastructure.

Nexo has launched its dual-mode crypto card in Argentina, allowing eligible users to spend cryptocurrency directly or borrow against their digital asset holdings without selling them as the company expands across Latin America.

The card is available through Nexo's app and website for eligible clients and supports purchases in Argentine pesos and US dollars, with users able to switch between spending and borrowing modes through a single interface.

"Argentine clients have spent a decade making digital assets part of how they manage wealth," said incoming Nexo Argentina General Manager Andres Ondarra.

Nexo said the card also offers cashback on eligible purchases, interest on idle in-app balances, fee-free ATM withdrawals of up to US$1,000 and fee-free foreign currency spending of up to US$2,000 per month, subject to eligibility and account terms.

The launch coincides with Ondarra's appointment as general manager from Aug. 1, while Buenos Aires becomes Nexo's regional hub for client support, partnerships and infrastructure across Latin America.

Nexo said Argentina processed approximately US$93.9 billion in digital asset transactions over the past three years, making it one of the region's largest cryptocurrency markets behind Brazil.

The launch follows Nexo's acquisition of Argentine crypto platform Buenbit and its partnership with Argentina's national football team, as the company expands its products in a market where cryptocurrencies are widely used for payments, savings and access to dollar-linked assets.