Share this article
Coinbase Receives Approval to Expand Services Into Argentina
Roughly 5 million Argentinians use crypto daily, according to Coinbase.
Updated Jan 28, 2025, 3:12 p.m. Published Jan 28, 2025, 2:56 p.m.
What to know:
- Coinbase said it received regulatory approval to offer services in Argentina.
- The expansion is part of the company's efforts to increase economic freedom globally.
- Shares of Coinbase were little changed at the start of U.S. trading.
Crypto exchange Coinbase (COIN) said it received regulatory approval to offer services to users in Argentina.
The company received a Virtual Asset Service Provider (VASP) registration from Argentina’s National Securities Commission (CNV), it said in a blog post on Tuesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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.
Roughly 5 million Argentinians use crypto on a daily basis, Coinbase said, and 76% of adults see crypto as a solution to some of their financial frustrations, including high inflation and transaction costs. Operations will be led by Matìas Alberti, who previously worked in the fintech field at Buenbit and Clara.
Coinbase shares were little changed at the start of Nasdaq trading. They have added 8% this year to $277.84 at press time, roughly tracking the price of bitcoin (BTC).
UPDATE (Jan. 28, 15:11 UTC): Adds further details about Coinbase's Latin America expansion.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
What to know:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
Top Stories
