Coinbase is making an expansion by officially launching its services in Argentina, and it’s not just a casual stroll into the market.
The popular crypto exchange announced that it has bagged regulatory approval from Argentina’s National Securities Commission, from the CNV to operate as a Virtual Asset Service Provider.
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Why Argentina?
With around 5 million Argentinians already using digital assets daily, Coinbase is stepping into one of the world’s most vibrant crypto markets.
The goal? To help tackle the economic instability that has been plaguing the nation and to provide tools that promote financial independence.
Leading this exciting expansion is Matías Alberti, a fintech whiz who has previously worked with companies like Buenbit and Clara.
Fabio Plein, Coinbase’s Director for the Americas, is all in on Alberti’s leadership skills, saying he brings a wealth of experience and a deep understanding of the local market. Sounds like they’ve got the right captain at the helm.
What do Argentinians think?
A survey commissioned by Coinbase reveals just how much potential there is for cryptocurrency in Argentina.
87% of respondents believe that crypto can boost their financial independence, and 79% are even open to getting their salaries paid in digital assets.
Coinbase is also committed to educating their users, and they want to empower Argentinians with knowledge so they can confidently navigate the crypto market as well.
“This launch is more than just an expansion, it’s a commitment to empowering Argentinians and providing them with the tools needed to regain control over their financial futures.”
Global mission, local initiatives
Coinbase plans to roll out educational initiatives designed to help users understand cryptocurrency even better.
This launch highlights their mission to promote economic freedom while addressing Argentina’s financial hurdles with a focus on security, compliance, and user empowerment.
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