Argentina Welcomes Coinbase: A New Era for Crypto in Latin America!

In a major move, Coinbase has just secured approval from Argentina’s National Securities Commission (CNV) to operate as a Virtual Asset Service Provider (VASP). This marks a significant milestone in the exchange’s ongoing expansion efforts across Latin America.

Following its 2023 launch in Brazil coinbase coinbase - [email protected] WalletCentralised Exchange entry into Argentina signals a bigger push to cater to the growing demand for crypto solutions in the region. The goal is to strengthen user protection while complying with local regulations.

Keep reading to find out how this could be a game-changer.

Argentina’s Growing Crypto Adoption

Coinbase reports that nearly 5 million Argentinians use cryptocurrency daily, with 76% of adults viewing it as a solution to issues like inflation and high transaction fees. Matías Alberti, a former fintech executive from Buenbit and Clara, will lead Coinbase’s operations in Argentina, helping to guide the company’s growth in the country.

With this approval, Coinbase is now able to offer a full range of services, such as buying, selling, transferring, and storing cryptocurrencies. This expansion strengthens Coinbase’s presence in Latin America, particularly in one of the region’s largest economies, further expanding its global reach.

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Markets Get Competitive

Coinbase’s move into Argentina comes as the local market becomes increasingly competitive. Binance Binance - [email protected] Centralised ExchangeCryptocurrenciesTrading AppCryptocurrency investment also registered in the country in October, while Argentina is preparing for significant changes. By 2025, the country plans to allow free currency circulation, which would include cryptocurrencies like Bitcoin for everyday transactions.

Coinbase’s launch in Argentina coincides with growing international crypto collaboration. In December 2024, Argentina and El Salvador signed an agreement to boost the crypto industry, paving the way for Argentina to become a key player in the global digital asset market.

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As more countries open their doors to crypto, digital assets continue to be the buzz of the market. We’ll keep you updated!