Coinbase Expands Services to Argentina with Regulatory Approval
In a significant move for the cryptocurrency landscape, Coinbase (COIN) has announced that it has secured regulatory approval to extend its services to users in Argentina. The exchange has successfully obtained a Virtual Asset Service Provider (VASP) registration from Argentina’s National Securities Commission (CNV), as detailed in a blog post published on Tuesday.
This expansion aligns with Coinbase’s broader mission to enhance economic freedom on a global scale. The company highlighted that approximately 5 million Argentinians engage with cryptocurrency on a daily basis, indicating a robust and growing market.
Leading the operations in Argentina will be Matìas Alberti, who brings a wealth of experience from the fintech sector, having previously worked with notable firms such as Buenbit and Clara. His expertise is expected to play a crucial role in establishing Coinbase’s presence in the region.
As for Coinbase’s stock performance, shares remained relatively stable as Nasdaq trading commenced. Year-to-date, the stock has seen an increase of 8%, trading at $277.84 at press time, which closely mirrors the fluctuations in the price of bitcoin (BTC).
