
Coinbase, the largest US crypto exchange, is expanding its global footprint after securing regulatory approval to launch services in Argentina.
With nearly 11% of Argentina’s population—about 5 million people—using cryptocurrencies daily, the move taps into one of Latin America’s most active digital asset markets.
Receives Approval to Launch in Argentina
Coinbase obtained a Virtual Asset Service Provider (VASP) registration from Argentina’s National Securities Commission (CNV) on Tuesday, January 28.
Sponsored
According to an official report, the registration enables Coinbase to operate within Argentina’s legal framework for virtual assets while strengthening its presence in the country by offering services in Spanish, integrating local payment methods, and providing customer support.
The move aligns with Coinbase’s broader mission to expand economic freedom globally, focusing on security, regulatory compliance, and user education. The company plans to roll out its products gradually in the coming months.
Matías Alberti, former Country Manager for Argentina at crypto exchange Buenbit, will lead the expansion and oversee Coinbase’s local operations.
Argentinian Crypto Adoption
Argentina’s economic instability—marked by high inflation, currency volatility, and limited access to global markets—drives a growing shift toward cryptocurrency as an alternative financial tool.
Many Argentinians see digital assets as a way to protect their wealth and navigate financial uncertainty. Currently, 5 million people—nearly 11% of the country’s 45.7 million population—use cryptocurrencies daily.
Public sentiment reflects this trend, with 87% believing blockchain technology can enhance financial independence, 76% viewing crypto as a hedge against inflation and high transaction costs, and 79% open to receiving salaries in digital assets.
In response, Coinbase is making education a cornerstone of its strategy in Argentina, rolling out local initiatives to help users better understand and maximize the benefits of cryptocurrency.
“Economic freedom is a cornerstone of prosperity, and we are proud to bring secure, transparent, and reliable crypto services to Argentina,” said Fabio Plein, Director for the Americas at Coinbase. “For many Argentinians, crypto isn’t just an investment, it’s a necessity for regaining control over their financial futures.”
On the Flipside
- Argentina’s crypto exchange market is highly competitive, with local platforms like Buenbit and Ripio, as well as global players like Binance and Kraken, dominating the space amid growing demand for digital assets.
Why This Matters
Coinbase’s entry into Argentina targets a market where cryptocurrency adoption is increasingly seen as essential amid ongoing economic instability. By capitalizing on this demand for financial alternatives, Coinbase positions itself to tap into one of Latin America’s most active digital asset markets.
Check out trending DailyCoin’s articles:
ASML Earnings Soar: Record Demand for Semiconductors Driving AI and Crypto Mining
Venice Launches VVV Token, Paving the Way for Decentralized AI