Coinbase drops peso-based services in Argentina less than a year after market entry
Coinbase is suspending USDC stablecoin trading against Argentine pesos starting January 31, 2026, calling it a "deliberate pause."Summary
Coinbase is suspending its ability for users in Argentina to buy or sell the USDC stablecoin using Argentine pesos, effective January 31, 2026. This suspension means traders will no longer be able to withdraw pesos to local banks or on-ramp with fiat currency after that date. The U.S.-based exchange described the action as a "deliberate pause," stating it plans to reassess and return with a stronger product offering, while crypto-to-crypto trading remains unaffected. Argentina was a key expansion market for Coinbase in 2025, following regulatory approval, due to its high inflation and capital controls making it an active crypto market. Coinbase insists it is not exiting the country and is working with local partners like Ripio.
(Source：CoinDesk)