Coinbase Pauses Argentine Peso, Crypto Unaffected
Coinbase
The pause starts on January 31 and aims to reassess its approach to offering fiat services in the region. Coinbase emphasized that crypto-to-crypto transactions remain available and that user assets are unaffected.
According to a Forbes Argentina report, the crypto exchange called it a “deliberate pause” to revisit its strategy and eventually return with a more sustainable offering.
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Clients have a 30-day window to complete any peso-based transactions or withdrawals before the cutoff date. After that, peso on‑ and off‑ramps for USDC
Despite the pause affecting peso services, the exchange reaffirmed that its crypto trading features remain fully functional and unaffected. Customers can still buy, sell, send and receive digital assets without interruption.
Coinbase confirmed plans to stay engaged in Argentina through Base, its Ethereum
It will also continue collaboration with domestic partners, including the local exchange Ripio, via Base‑related initiatives.
Ana Gabriela Ojeda noted in a post on X that such decisions often reflect underlying structural and regulatory obstacles. Challenges include unclear rules, high compliance costs, reliance on correspondent banking systems, and limited transaction volume in volatile markets.
Recently, Coinbase CEO Brian Armstrong warned that reopening the GENIUS Act would cross a “red line” and said Coinbase will resist any effort to change it. What did he say? Read the full story.
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