Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Coinbase secures approval to launch crypto exchange in Argentina

Share This Post

Coinbase has received approval to launch its platform in Argentina after successfully registering as a Virtual Asset Service Provider (VASP) with Argentina’s National Securities Commission (CNV), according to a Jan. 28 announcement.

Fabio Plein, Coinbase’s Director for the Americas, highlighted that crypto “isn’t just an investment” for Argentinians but rather a necessity for regaining control over their financial futures.

This approval enables Coinbase to operate in the country, which the firm describes as a “promising market.”

According to research commissioned by Coinbase, 87% of Argentinians believe that blockchain technology can enhance financial independence, while 76% see crypto as a solution to combat inflation and high transaction costs.

Additionally, roughly 79% are open to receiving salaries or payments in crypto, and over 5 million Argentinians already use crypto daily.

Coinbase has appointed Matías Alberti as the head of its operations in Argentina to navigate the new market. Alberti’s experience includes leadership roles at Latin American firms like Buenbit and Clara, signaling expertise in the crypto market and in the region.

Plein remarked:

“Matías brings a wealth of experience and a deep understanding of the local market. We’re confident in his leadership as we work to bring crypto services to millions of Argentinians.”

Additionally, Coinbase is committed to financial literacy in Argentina. The company plans to roll out local educational initiatives to equip users with the knowledge needed to make informed decisions about crypto.

Coinbase’s educational push will give Argentinians the confidence to navigate opportunities and challenges in crypto, Plein added.

Stablecoin-focused market

Chainalysis’s “2024 Geography of Crypto Report” ranks Argentina as the 15th-largest country in terms of crypto adoption and the fourth-largest in Latin America.

Despite not leading in terms of crypto adoption, Argentina led the amount of crypto money received, surpassing $91 billion. The amount is even larger than Brazil’s, which is the largest economy in Latin America and the country with the best crypto adoption index in the region.

Notably, 61.8% of this amount is denominated in stablecoins, which puts Argentina way above the global average of 44.7%. The report pointed out that this is tied to the hyperinflation suffered by Argentinians, as stablecoin transactions under $10,000 accelerated in the country faster than any other asset type.

In addition to the amount received in crypto, Argentina is also making fundamental moves regarding blockchain technology. In August 2024, Ethereum became part of the high school curriculum in Buenos Aires through a partnership with the ETH Kipu organization.

The Argentinian capital also launched a program using Ethereum’s layer-2 blockchain, ZKsync, to register 3.6 million residents digitally. The residents’ IDs will be available on their mobile phones.

The post Coinbase secures approval to launch crypto exchange in Argentina appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Red Alert: Crypto Markets Crumble as $1.18 Billion Vanishes in 24 Hours

The post Red Alert: Crypto Markets Crumble as $118 Billion Vanishes in 24 Hours appeared first on Coinpedia Fintech News Cryptocurrency markets are in the red today, with major coins experiencing

Robert Kiyosaki Warns of Bitcoin Crash as Trump’s Tariffs Take Effect—Plans to Buy the Dip

Robert Kiyosaki warns Trump’s tariffs could trigger a crash in bitcoin, gold, and silver—an opportunity, he says, to buy assets at bargain prices Robert Kiyosaki Reacts to

XRP Market Update: A Symphony of Bearish Signals Amplifies Downward Trajectory

On Feb 2, 2025, XRP oscillated at $257 to $261 over the last hour, its market valuation eclipsing $150 billion alongside a $1219 billion daily turnover Intraday fluctuations spanned $252 to $295 per

Latam Insights Encore: El Salvador Yields to IMF Pressure, Coinbase Lands in Argentina

Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week In this week’s edition, El Salvador de-risks its economy from

Time to buy ETH? $200 Million Worth Ethereum Outflows

The post Time to buy ETH $200 Million Worth Ethereum Outflows appeared first on Coinpedia Fintech News Amid the notable price decline across the cryptocurrency market, Ethereum (ETH) has been making

Bitcoin Will Be ‘Worthless’ In 10 Years, Finance Nobel Prize Winner Says

People have always doubted Bitcoin, but when a Nobel Prize-winning economist said it will eventually fail, many paid attention Related Reading: Bitcoin Has No Place In EU Central Bank Reserves, ECB