Coinbase has stopped its local fiat operations less than a year after entering the Argentine market, ceasing services involving the Argentine peso but leaving crypto trading on.
The firm made the announcement via a message to its customers on December 31, 2025, in which it stated that the cessation of services applied to the same year it received regulatory clearance to function in Argentina.
After the announcement, Coinbase was contacted by journalists for clarification. The firm’s representatives declared that the decision resulted from an internal evaluation of the company’s activities in the local market. They characterized the action as a temporary measure.
“This is a thoughtful pause that allows us to rethink and improve our strategy so we can come back with a stronger and more sustainable product.”
Coinbase
Coinbase had spent a considerable part of 2024 preparing its entry market strategy in Argentina and had officially launched local operations in January 2025.
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The choice evoked questions in the local crypto community about the implications of the pause for the users. Coinbase in a note to the customers announced that from January 31, 2026, it will no longer allow users in Argentina to buy or sell the stablecoin USDC against Argentine pesos. The company did not provide a detailed explanation regarding the suspension of peso-based services.
Coinbase Says Argentina Remains a Key Market
Although the cessation of peso-based services, Coinbase has said that the major functions of cryptocurrency, such as sending and receiving digital assets, would still be available to the users. The firms further stated that they still see Argentina as a market for creativity and long-term development.
Coinbase said that it would be returning to the market with a better product and an even better user experience in the future.
