Coinbase’s Grand Adventure: Now Serving Argentina! 🎉

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What to know:

  • In a move that surprises absolutely no one, Coinbase has received the green light to offer its services in Argentina.
  • This expansion is part of their grand plan to sprinkle economic freedom like confetti across the globe. 🎊
  • Meanwhile, Coinbase shares are as stable as a cat on a hot tin roof at the start of U.S. trading.

Ah, the illustrious crypto exchange Coinbase (COIN) has announced that it has been granted regulatory approval to extend its services to the land of tango and empanadas—Argentina. One can only imagine the excitement of the Argentinians, who are probably dancing in the streets, or at least nodding appreciatively from their couches.

In a blog post that surely had the marketing team popping champagne, the company revealed it has received a Virtual Asset Service Provider (VASP) registration from Argentina’s National Securities Commission (CNV). This expansion is, of course, part of their noble quest to increase economic freedom globally, because who doesn’t want a little more freedom with their digital coins?

According to Coinbase, around 5 million Argentinians are already dabbling in crypto daily. One can only wonder if they are using it to buy groceries or just to impress their friends at parties. Operations will be helmed by Matìas Alberti, a man with a background in fintech at Buenbit and Clara, who is probably wondering what he signed up for.

As for Coinbase shares, they remain as unchanged as a cat in a sunbeam at the start of Nasdaq trading. They have seen a modest rise of 8% this year, now sitting at $277.84, which is roughly in line with the price of bitcoin (BTC). So, if you were hoping for a wild ride, you might want to check back later.

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2025-01-28 18:00