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- Coinbase secures VASP registration in Argentina, expanding its services and offering local payment options to millions of crypto users.
- CEO Brian Armstrong claims Bitcoin is a better form of money than gold, while highlighting improved crypto policies under the Trump administration.
Coinbase has finally obtained an official license as a Virtual Asset Service Provider (VASP) from Argentina’s National Securities Commission (CNV).
Argentina: Fast-Expanding Crypto Market
Regarding cryptocurrency, Argentina is one nation that cannot be overlooked. About five million Argentines utilize cryptocurrency daily at now. Actually, according to a recent poll, 87% of them think this digital asset will help to boost financial independence.
Given this, Coinbase finds a great prospect here. Once VASP registration is obtained, Coinbase may now provide more ideal services, including customer assistance in Spanish and local payment alternatives in Argentine pesos. Moreover, they intend to start educational programs aiming at raising local financial literacy.
We're approved to launch in Argentina. 🇦🇷
This is an important step in our international strategy and another key chapter in our mission to increase economic freedom around the world. pic.twitter.com/bfudgiDuVD
— Coinbase 🛡️ (@coinbase) January 28, 2025
Under Direction of Fintech Experts
Coinbase hired Matías Alberti as its expansion head in Argentina to guarantee flawless running of its operations. Alberti is not any average person. He had formerly worked for numerous well-known financial startups including Buenbit and Clara. Given this background, Coinbase is hopeful Alberti will be able to introduce their offerings to a greater level in this nation.
The Director of America for Coinbase, Fabio Plein, further underlined that this development fits the company’s plan to increase blockchain-based financial availability to more individuals.
Crypto as Alternative in the Middle of Crisis
Many citizens in Argentina, particularly with severe inflation, have sought alternatives to safeguard their wealth due to difficult economic times. One of the answers that is growingly sought after is crypto. Based on statistics, 76% of Argentinean adults think that digital assets could assist them in handling their financial issues, including high transaction prices and inflation.
Not only that, but Argentina is among the most active nations in using stablecoins—particularly USDT and USDC—especially. The crypto industry in Argentina can expand even further with Coinbase’s official entry into this market.
Coinbase Builds Presence in Latin America
Expansion to Argentina is not the first step Coinbase takes in Latin America. They have also lately joined the Brazilian market using a similar approach. The success in Brazil is evidence that nations in this area have significant potential for the expansion of the crypto sector.
Conversely, Coinbase also keeps working to establish confidence and regulatory compliance across different nations. Getting VASP registration in Argentina will help them to offer consumers safer and more reasonably priced services.
CEO of Coinbase: Bitcoin Surpasses Gold
Fascinatingly, this expansion phase started following the very provocative comment made by Coinbase CEO Brian Armstrong. Armstrong underlined in a World Economic Forum session that Bitcoin is a superior kind of money than gold.
It didn’t end there. In a different interview, he also underlined how the Trump government gave the crypto industry some fresh air. He claimed that under Biden’s direction, this industry had earlier been under a lot of strain, but now there is fresh promise for improved expansion.
These developments suggest that following the future of cryptocurrencies in Argentina and other countries is progressively fascinating.
