Crypto Exchange Coinbase (Coin) said that he had received regulatory approval to provide services to users in Argentina.
The company received a registration of the Virtual Asset Services (VASP) of the National Securities Commission (CNV) of Argentina, he said on Tuesday in a blog article.
Expansion is part of the mission of the exchange of increasing economic freedom worldwide. In 2023 Coinbase launched its services in Brazil as a first push in the Latin American region.
About 5 million Argentinians use the crypto daily, said Coinbase, and 76% of adults consider crypto as a solution to some of their financial frustrations, including high inflation and transaction costs. The operations will be led by Matìas Alberti, who previously worked in the field Fintech de Buenbit and Clara.
Coinbase shares were little changed at the start of Nasdaq negotiation. They added 8% this year to $ 277.84 at the time of the press, roughly following the price of Bitcoin (BTC).
Update (January 28, 15:11 UTC): Add more details to the expansion of Coinbase in Latin America.
