Coinbase Secures Approval to Launch in Argentina

Coinbase gains regulatory approval to launch in Argentina, tapping into one of Latin America’s most active crypto markets.

Whale businessman coming into a blue technology chamber to deposit his coins with shiba inu.
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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.

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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.

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Author
Alex Costa

Alex Costa is a crypto writer and investor specializing in researching, analyzing and reporting on promising small-cap projects that are gaining traction in the industry. He has been in crypto since 2018, when he began looking for hidden gems in crypto. Today, he is dedicated to finding the next top performing NFTs and tokens.

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