Coinbase has received regulatory approval to expand its services in Argentina, allowing the US-based cryptocurrency exchange to operate within the country’s legal framework. This expansion will be led by Matías Alberti, a former executive at Latin American crypto firm Buenbit, who brings a wealth of experience to the role.
Argentina, experiencing improved economic conditions following recent reforms, presents a significant market for crypto adoption. 5 million Argentinians use crypto daily, with many viewing it as a solution to economic challenges like inflation and high transaction costs. 79% of Argentinians are open to receiving payments in cryptocurrency, highlighting the potential for crypto to play a significant role in the country’s financial landscape.
Coinbase believes crypto offers a path to greater economic freedom for Argentinians, providing them with more control over their financial futures.
