Coinbase Pauses Fiat Services in Argentina from 2026

Coinbase, the U.S.-based cryptocurrency exchange, announced on December 31 that it will suspend its fiat services in Argentina effective January 31, 2026, less than a year after launching operations in the country. The decision halts users' ability to buy or sell the USDC stablecoin using Argentine pesos or withdraw funds to local bank accounts, though cryptocurrency-to-cryptocurrency trading will continue uninterrupted.

The company notified affected users via email, providing a 30-day window to complete any remaining peso-based transactions and withdrawals. Customer funds remain secure, and no account closures are planned. Coinbase described the move as a temporary pause to reassess its local strategy and develop a more sustainable product offering. "We are evaluating how to serve Argentina sustainably," a company spokesperson stated in a message to users.

This rollback comes amid Argentina's challenging economic environment, where triple-digit inflation and strict capital controls have fueled widespread cryptocurrency adoption. The country ranks among Latin America's most active crypto markets, with millions of residents turning to digital assets as a hedge against currency...