Coinbase Global COIN has paused some of its Argentina operations. The company has suspended buying or selling the USDC stablecoin using Argentine pesos, effective Jan. 31, 2026. However, crypto-to-crypto trading functionalities will remain unaffected. COIN had launched operations in Argentina on January 28, 2025, after receiving approval from the National Securities Commission to operate as a Virtual Asset Service Provider there.
The company noted that about 87% of Argentinians view cryptocurrency as a path to financial independence, and 79% expressed openness to receiving salaries or payments in digital assets. These figures underline the country’s growing interest in digital currencies as a solution to financial instability. Thus, entering Argentina is a strategic move to expand internationally to capitalize on the opportunities. Though this is a temporary move, COIN intends to review operations and come back with solid offerings.
Last month, COIN encountered another hurdle. It became inaccessible in the Philippines as regulators blocked Coinbase over licensing rules.
Despite these short-term hurdles, Coinbase is poised for a strong 2026. COIN’s strategic focus areas include real-world asset (RWA) perpetuals, specialized exchanges and trading terminals, next-generation DeFi infrastructure and the integration of AI and robotics. With these initiatives, Coinbase aims to build a comprehensive product and service ecosystem and solidify its position as the industry’s premier “everything exchange.”
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