Catenaa, Friday, January 31, 2025 – Cryptocurrency exchange Coinbase has received regulatory approval to launch its platform in Argentina, marking a major step in its Latin American expansion.
The country’s National Securities Commission (CNV) granted the exchange Virtual Asset Service Provider (VASP) status, allowing it to operate legally within Argentina’s financial framework.
Coinbase emphasized its commitment to security, compliance, and financial education as it begins operations. To lead its expansion, the company appointed Matías Alberti, a fintech expert with experience at firms like Buenbit and Clara. “His leadership will be key in bringing secure and reliable crypto services to millions of Argentinians,” said Fabio Plein, Coinbase’s Director for the Americas.
Argentina’s economic instability, characterized by soaring inflation and currency volatility, has made cryptocurrencies an attractive financial alternative. A Coinbase study found that 87% of Argentinians see digital assets as a path to financial independence, with 79% open to receiving salaries in crypto.
The approval comes amid broader financial shifts in Argentina. The CNV recently authorized trading of U.S. exchange-traded funds (ETFs), including Bitcoin and Ethereum spot ETFs, ending a six-year restriction. CNV President Roberto E. Silva called the move an important milestone for investment opportunities.
