Coinbase Wins Approval to Operate in Argentina’s Crypto Market

The post Coinbase Wins Approval to Operate in Argentina’s Crypto Market appeared first on Coinpedia Fintech News

In a recent development, Coinbase has been granted approval by Argentina’s National Securities Commission (CNV) to operate as a Virtual Asset Service Provider (VASP). The exchange shared in a blog post. The expansion is part of the exchange’s mission to increase economic freedom globally. In 2023, Coinbase launched its services in Brazil as a first push into the Latin American region.

This regulatory green light signifies Coinbase’s commitment to compliance and aims to enhance user protection within Argentina’s legal framework for virtual assets. 

Coinbase noted that approximately 5 million Argentinians use crypto daily, with 76% of adults considering it a solution to financial issues such as inflation and high transaction costs. Matìas Alberti, a former fintech executive at Buenbit and Clara, will lead Coinbase’s operations in Argentina.

We're approved to launch in Argentina.