Coinbase has pulled the plug on its operations in Argentina, less than a year after launching in the South American nation. The crypto exchange told its Argentine customers that it will end peso trading in the stablecoin USD Coin on January 31 as it reevaluates its offerings. “This is a deliberate pause that allows us to reassess and strengthen our approach, so that we can return with a stronger and more sustainable product offering to the market,” the Coinbase spokesperson told Forbes Argentina. However, the same spokesperson reportedly refused to comment on “specific timelines for a potential return,” although they “made it clear that the pause does not imply a permanent departure,” Forbes Argentina explained.
The official said Coinbase wants to “re-enter” Argentina “with an enhanced customer experience,” adding that Latin America “continues to be a central region” for its expansion plans. Coinbase gained regulatory permission to operate crypto trading services on January 28, 2025. Forbes Argentina said that Coinbase’s move sends an “ambiguous signal” to the Argentine crypto community.
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