Crypto Exchange Coinbase Gains Approval to Launch in Argentina

Cryptocurrency exchange Coinbase has officially launched its platform in Argentina on Tuesday after receiving approval from the country’s National Securities Commission (CNV) to operate as a Virtual Asset Service Provider (VASP).

With this approval, Coinbase is now fully compliant with Argentina’s legal framework for virtual assets.

According to Fabio Plein, Coinbase’s Director for the Americas, Alberti’s leadership will be instrumental in expanding Coinbase’s presence in the region. “Matías brings invaluable experience and a deep understanding of the local market,” said Fabio Plein, Coinbase’s Director for the Americas.

Coinbase has appointed Matías Alberti, an experienced fintech professional with a history at companies like Buenbit and Clara, to lead its operations in Argentina.

Leadership and Market Potential

A recent Coinbase study revealed that 87% of Argentinians view cryptocurrency as a path to financial independence, while 79% expressed openness to receiving salaries or payments in digital assets. These figures underline the country’s growing interest in digital currencies as a solution to financial instability.

“His leadership will be key in bringing secure and reliable crypto services to millions of Argentinians.”

“Security and trust are at the core of Coinbase,” said Plein, reaffirming the company’s mission to build confidence among cryptocurrency users. To enhance user engagement, Coinbase is investing in local educational initiatives aimed at improving financial literacy.

Coinbase has emphasized its dedication to providing a safe environment for its users.

Coinbase’s Commitment to Security and Education in Argentina

The initiative, regulated by RG No. 1030, introduces Bitcoin and Ethereum spot ETFs, marking the end of a six-year prohibition under Law No. 27440.

In a related development, Argentina’s National Securities Commission (CNV) recently approved the trading of U.S. exchange-traded funds (ETFs), including crypto-related ETFs, under the CEDEAR program.

Argentina Expands Crypto Opportunities