Coinbase launches in Argentina with VASP license approval

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Key Takeaways

Coinbase launched operations in Argentina with a Virtual Asset Service Provider license.
87% of Argentinians believe crypto can aid financial independence amid economic challenges.

Coinbase has launched operations in Argentina after receiving a Virtual Asset Service Provider (VASP) license from Argentina’s National Securities Commission, marking its expansion into a market with over 5 million daily crypto users.

The regulatory approval enables Coinbase to provide trading and custody services within Argentina’s legal framework, targeting a population grappling with high inflation, currency volatility, and limited access to international markets.

Research commissioned by Coinbase shows that 87% of Argentinians believe crypto can help them achieve greater financial independence, while 76% view it as a solution to inflation and transaction costs.

Matías Alberti, previously of Buenbit and Clara, will lead Coinbase’s operations in Argentina.

“Economic freedom is a cornerstone of prosperity, and we are proud to bring secure, transparent, and reliable crypto services to Argentina,” said Fabio Plein, Director for the Americas at Coinbase.

The company plans to launch educational initiatives focused on financial literacy and understanding of the crypto ecosystem.

This expansion follows Coinbase’s earlier entry into Brazil, strengthening its presence in Latin America.