Coinbase Expands Operations in Argentina Following Regulatory Approval

On January 28, 2025, Coinbase announced that it has received regulatory clearance to commence its cryptocurrency services in Argentina. This approval comes from the National Securities Commission (CNV) of Argentina, allowing Coinbase to operate as a Virtual Asset Service Provider (VASP) within the country’s regulatory framework.

This strategic move positions Coinbase to tap into a significant market, where approximately 5 million Argentinians engage with cryptocurrencies on a daily basis. The country has been experiencing economic challenges, including high inflation and currency instability, which have led many citizens to view crypto as a viable alternative for financial security and independence. According to a recent survey commissioned by Coinbase, 87% of Argentinians believe that cryptocurrencies can enhance their financial autonomy, while 76% consider them a solution to rising inflation and transaction costs.

To lead its operations in Argentina, Coinbase has appointed Matías Alberti, a seasoned fintech professional with experience at local companies such as Buenbit and Clara. Fabio Plein, Coinbase’s Director for the Americas, expressed confidence in Alberti’s ability to navigate the local market and emphasized the importance of economic freedom for the Argentine populace.

In addition to launching its trading platform, Coinbase plans to implement educational initiatives aimed at improving financial literacy among users. These efforts are intended to empower Argentinians with the knowledge necessary to navigate the complexities of the cryptocurrency landscape effectively.

This expansion into Argentina follows Coinbase’s earlier entry into Brazil, further solidifying its presence in Latin America. As the region continues to embrace digital currencies, Coinbase aims to provide secure and compliant services that address the unique needs of its users in Argentina.