Nexo Launches Dual-Mode Crypto Card in Argentina, Appoints Former Binance Executive as GM

Nexo launched its crypto debit-and-credit card in Argentina, offering local users a dual-mode product that allows direct spending of digital assets in debit mode or borrowing against crypto holdings in credit mode. New clients receive 10% cashback on their first transaction plus milestone rewards up to $450 during their first three months, along with up to 13% annual interest on idle in-app balances.

The rollout comes with the appointment of Andres Ondarra, former Binance regional executive, as Nexo's general manager for Argentina. Nexo is positioning Buenos Aires as its Latin America hub, following its acquisition of Argentine crypto platform Buenbit in late 2025, which brought over one million clients across the region.