A compliant platform suspends Argentine Peso trading services

2026-01-06 01:48:49

Source: PortaldoBitcoin Original Title: Coinbase will cease trading in Argentine peso after one year in the country Original Link: A compliance platform announced the suspension of its services linked to the Argentine peso, approximately one year after officially entering the Argentine market. Argentina is one of the most active cryptocurrency markets in Latin America.

According to industry reports, the exchange notified users that the exchange between the peso and USDC will end on January 31, 2026. After that, it will no longer be possible to buy or sell the stablecoin with local currency, nor will it be possible to withdraw to an Argentine bank account.

A platform spokesperson stated that this move represents a strategic pause to reassess and strengthen product offerings, with the hope of achieving a more sustainable return in the future.

Operations between cryptocurrencies will remain available, and user resources will not be affected. Customers will have a 30-day window to complete transactions involving the Argentine peso before the service is closed.

The platform received registration as a virtual asset service provider from the Argentine National Securities Commission on January 28, 2025, reinforcing its status as a compliant company. According to the company’s estimates, approximately 5 million people in Argentina use cryptocurrencies daily.

USDC0,01%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.