Coinbase Halts Fiat Operations in Argentina, Retains Crypto Services
- Coinbase has paused its local fiat operations in Argentina less than a year after entering the market.
- From January 31, 2026, users will be unable to buy or sell USDC using Argentine pesos (ARS) or withdraw funds to local bank accounts.
- Users have a limited window of 30 days to complete peso-based USDC transactions before the cutoff date.
- Crypto-to-crypto transactions remain unaffected, allowing users to continue buying and selling digital assets.
- Coinbase plans to maintain its presence in Argentina through Base, its Ethereum layer-2 network, collaborating with local partners like Ripio.
The decision reflects challenges in managing local fiat operations amid regulatory complexities and compliance costs. Despite this pause, Coinbase emphasizes it does not signify a permanent exit from the Argentine market.
As of January next year, users will need to complete any peso-based USDC transactions before Coinbase’s services change significantly. (Source)
