US-based crypto exchange Coinbase has received regulatory approval to launch in the second-largest national economy in South America.
In a statement, Coinbase says it is expanding its reach to Argentina after securing a Virtual Asset Service Provider (VASP) registration from the country’s National Securities Commission (CNV).
Coinbase says the development will allow it to better serve Argentina’s crypto users by providing localized services, which include local payment methods and customer support.
The exchange says it is bringing its platform to Argentina to help locals navigate inflation and financial stability.
Research commissioned by Coinbase shows that 87% of Argentinians believe that crypto and blockchain can help them achieve greater financial independence while 76% see crypto as a solution to some of their financial frustrations.
Says 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.”
Argentina already sees widespread crypto adoption with 5 million of its 47 million people using cryptocurrency daily. Coinbase says it will launch local educational initiatives to give users the knowledge and confidence to navigate the digital asset space.
“By addressing the unique needs of the Argentine market and focusing on security, compliance, and education, Coinbase is advancing its vision of a more inclusive financial future.”
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