01.29.2025

Coinbase to Launch in Argentina

01.29.2025
Coinbase to Launch in Argentina

Coinbase has received regulatory approval to launch in Argentina, where 5 million Argentinians use crypto daily. With 87% believing crypto can boost financial independence, Coinbase is bringing its secure platform to help locals navigate inflation and financial instability. The expansion is led by Matías Alberti, who will spearhead Coinbase’s local operations.

Coinbase is expanding its global reach to Argentina. This move is part of Coinbase’s larger mission to increase economic freedom globally, all while prioritizing security, regulatory compliance, and user education. Coinbase has secured a Virtual Asset Service Provider (VASP) registration from Argentina’s National Securities Commission (CNV), allowing it to operate within the country’s legal framework for virtual assets as it gradually rolls out its products over the coming months. The registration will also allow Coinbase to enhance its presence in Argentina through offering localized services in Spanish, incorporating local payment methods and customer support.

Matías Alberti Leads Argentina Expansion

Coinbase has tapped Matías Alberti to spearhead its operations in Argentina. Matías, who has extensive experience in fintech with companies like Buenbit and Clara, will lead the efforts to expand Coinbase’s presence in one of the most dynamic crypto markets in the world. His expertise in operations, strategy, and market expansion will be crucial to Coinbase’s success in Argentina.“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,” added Fabio Plein, Director for the Americas at Coinbase.

A Commitment to Economic Freedom

At the core of Coinbase’s global expansion is its mission to increase economic freedom, a vital tool for greater financial autonomy and access. Economic freedom leads to stronger economies, better living standards, and faster innovation, values that are increasingly important in countries facing financial instability like Argentina.Despite impressive recent progress, Argentinians still face persistent economic challenges, including inflation, volatile currency fluctuations, and limited access to international markets. This is where cryptocurrencies come in as a potential solution. According to recent research commissioned by Coinbase:

  • 87% of Argentinians believe that crypto and blockchain technology can help them achieve greater financial independence.
  • 76% of adults see crypto as a solution to some of their financial frustrations, such as inflation and high transaction costs.
  • 79% are open to receiving their salaries or payments in cryptocurrency.
  • 5 million Argentinians currently use crypto daily, highlighting the widespread adoption of digital assets in the country.

“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. “For many Argentinians, crypto isn’t just an investment, it’s a necessity for regaining control over their financial futures.”

Security, Regulation, and Trust

As a global leader in security and compliance, Coinbase offers a platform that combines cutting-edge technology and advanced fraud prevention protocols. In Argentina, as Coinbase launches, it will continue to uphold these high standards, providing users with a trusted platform for crypto transactions.“Security and trust are at the core of Coinbase,” said Plein. “We are committed to offering Argentinians a platform that meets the highest industry standards while ensuring ease of use.”

Empowering Argentinians Through Education

A key element of Coinbase’s approach in Argentina will be its focus on education. To help users fully understand and make the most of the benefits of cryptocurrency, Coinbase will launch local educational initiatives. By fostering financial literacy, Coinbase aims to give users the knowledge they need to navigate the crypto ecosystem with confidence.“We believe an informed user is an empowered user,” Plein explained. “Our educational initiatives will equip Argentinians with the knowledge and confidence they need to navigate the opportunities and challenges of the crypto ecosystem.”

A Milestone in Global Expansion

Coinbase’s entry into Argentina over the coming months represents a crucial step in its mission to increase economic freedom and drive global crypto adoption. By addressing the unique needs of the Argentine market and focusing on security, compliance, and education, Coinbase is advancing its vision of a more inclusive financial future.

Source: Argentina

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