Coinbase Exits Argentine Peso Market: Strategic Shift for Crypto in Argentina

Major cryptocurrency exchange Coinbase has discontinued peso-based trading and conversion services for its users in Argentina. This move comes less than a year after the platform officially entered the local market. According to the company's announcement, users can no longer deposit or withdraw Argentine pesos (ARS) via bank transfer. However, Coinbase clarified that its card for local purchases remains active, and customers can still utilize their crypto balances and linked cards for transactions. The exchange emphasized its continued commitment to the Argentine region, suggesting this is a strategic product adjustment rather than a full market exit. This decision highlights the volatile regulatory and economic challenges crypto businesses face in emerging markets.