Coinbase Suspends Peso Services in Argentina—Crypto Trading Stays

Coinbase will suspend peso-based USDC services in Argentina from January 31, 2026, but crypto trading and transfers remain active. The pause is described as temporary, with plans to return with improved offerings.

Coinbase has announced a pause on its peso-based services in Argentina, less than a year after entering the market. Starting January 31, 2026, users will no longer be able to buy or sell USDC using Argentine pesos or withdraw funds to local bank accounts. The company described this as a strategic and temporary pause, following an internal review of its local operations, with the aim to reassess and return with a more sustainable product offering. Despite the suspension of fiat rails, all crypto trading, transfers, and wallet functions will remain available to Argentine users. Coinbase emphasized that Argentina remains a key market for its long-term strategy and that Latin America continues to be a focus for expansion. The company has communicated directly with users, providing a 30-day window to complete peso-based transactions before the cutoff date. The move comes amid growing crypto adoption in Argentina and increased activity from other firms in the region.