Coinbase Expands in Argentina with VASP Registration from CNV

By / / Crypto News, Daily News
Coinbase Expands in Argentina with VASP Registration from CNV

Overview:
Following VASP registration from the National Securities Commission (CNV), Coinbase will expand its operations in Argentina by offering services that go beyond just crypto-to-crypto trading. For the first time, transactions will be available in Argentine pesos.

Table Of Contents
  1. 📉 Argentina's Economic Crisis Drives Crypto Adoption
  2. 🌍 Coinbase's Global Expansion Strategy
  3. 💡 Impact of Crypto Adoption
  4. 🔮 Final Thoughts

📉 Argentina’s Economic Crisis Drives Crypto Adoption

  • 53% of the population lives in poverty, with inflation soaring.
  • 5 million Argentinians are using crypto every day for stability in the economy.
  • 76% of the population believe that crypto can solve their financial problems.

A Chainalysis report (Oct 2024) showed that Argentina had the largest inflow in Latin America in crypto, with $91 billion in transactions. The stablecoin market of Argentina is the second largest globally, which also reflects the shift toward digital assets.

🌍 Coinbase’s Global Expansion Strategy

Coinbase has been aggressively expanding into regions with crypto-friendly regulations, including:

  • 🇨🇦 Canada (Launched August 2023): Coinbase now accepts Interac e-Transfers, making payments easier.
  • 🇧🇲 Bermuda (April 2023): Received a license and launched Coinbase International Exchange, offering Bitcoin & Ethereum futures to non-U.S. customers.
  • 🇦🇺 Australia: Sponsored the Melbourne Marathon to promote crypto adoption through digital trophies & Bitcoin incentives.

These actions show that Coinbase is dedicated to global accessibility and crypto adoption.

💡 Impact of Crypto Adoption

The growing adoption of cryptocurrencies is transforming economies, businesses, and society:

✔️ Financial Inclusion – Provides access to banking alternatives in unbanked regions.
✔️ Faster, Cheaper Transactions – Crypto enhances cross-border payments.
✔️ Hedge Against Inflation – Countries like Venezuela & Argentina rely on stablecoins.
✔️ Boosts DeFi & Innovation – Encourages new businesses and investments.
✔️ Regulatory Challenges – Governments are adapting to new financial frameworks.
✔️ Job Creation & Transparency – Crypto creates new career paths & smart contract solutions.

🔮 Final Thoughts

Coinbase’s expansion into Argentina is a significant milestone in crypto adoption amid economic turmoil. As Argentina embraces digital assets, the global crypto movement accelerates—making crypto more than just an investment, but a financial lifeline. 🚀

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