Coinbase has temporarily paused its local fiat operations in Argentina, scaling back peso-based services less than a year after launching in the country.
According to local reports, users will no longer be able to buy or sell USDC using Argentine pesos or withdraw funds to local bank accounts after January 31, 2026. The company said crypto-to-crypto trading and asset transfers will continue uninterrupted, and customer funds remain safe.
Coinbase described the decision as a deliberate pause aimed at reassessing its product offering amid operational challenges. Industry observers pointed to complex regulations, reliance on correspondent banking, high compliance costs, and limited transaction volumes as common hurdles.
Despite the pause, Coinbase plans to maintain a presence in Argentina through Base, its Ethereum Layer-2 network, and partnerships with local crypto firms. The company stressed that the move does not signal a permanent exit from the market.
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