Coinbase Wins Approval to Operate in Argentina’s Crypto Market
In the recent development, Coinbase has been approved by the Argentine National Securities Commission (CNV) to operate as a virtual asset service provider (VASP). Exchange sharing blog postal. Expansion is part of the mission of increasing economic freedom in the transaction worldwide. In 2023, Coinbase entered Latin America for the first time and launched its services in Brazil.
This regulatory green light represents Coinbase’s commitment to compliance and aims to enhance user protection in the legal framework of Argentina’s virtual assets.
5 million encrypted users per day!
Coinbase pointed out that about 5 million Argentine uses cryptocurrencies every day, and 76 % of adults believe that this is a way to solve financial problems such as inflation and high transaction costs. The former fintech executives of Bunbit and Clara, Matìasalberti, will lead Coinbase’s business in Argentina.
The approval enables Coinbase to provide services such as purchases, sales, transfer, and storage of cryptocurrencies in Latin America, thereby expanding its global footprint.
The market becomes competitive
In addition, as the market became more competitive, Coinbase’s expansion to Argentina came, and Binance was also registered in the country in October. In addition, Argentina is preparing for some major changes because it plans to allow free currency issuance by 2025, which provides transactions for various currencies (including cryptocurrencies such as Bitcoin).
Coinbase’s launch in Argentina and continuous development of international encryption cooperation are consistent. In December 2024, Argentina and Salvador signed an agreement to promote the cryptocurrency industry and paved the way for Argentina to become a key participant in the global digital asset market.
