Coinbase said it will pause peso-based services in Argentina starting January 31, 2026, ending peso-to-USDC trading and local bank withdrawals roughly one year after launching in the country. The company described the move as a deliberate pause aimed at reassessing its product strategy, while confirming that crypto-to-crypto trading will remain available and customer funds unaffected.
The exchange entered Argentina in January 2025 after securing registration as a Virtual Asset Service Provider, targeting one of Latin America’s most active crypto markets. At the time, Coinbase positioned itself as a compliance-focused platform amid high retail crypto adoption driven by inflation and currency controls.
The decision follows a volatile period for Argentina’s crypto sector, including political scrutiny tied to the LIBRA memecoin collapse. While Coinbase did not cite political factors, regulatory uncertainty and evolving central bank policy continue to shape the operating environment for global exchanges in the region.
