Coinbase, a prominent American-based publicly traded company, has made a significant foray into Latin America, receiving regulatory approval in Argentina. Securing a Virtual Asset Service Provider (VASP) license from Argentina’s National Securities Commission (CNV), Coinbase plans to expand its operations in the local market.
Coinbase’s launch in Argentina aligns with the platform’s broader vision of global expansion. The VASP approval represents a major breakthrough in Coinbase’s mission to expand global economic freedom, with a focus on upholding security, regulatory adherence, and user awareness.
Coinbase Secures VASP License in Argentina
In an astounding development, Coinbase has secured a VASP license from Argentina’s regulators, the National Securities Commission (CNV). In an official statement, Coinbase stated, “This approval reinforces Coinbase’s commitment to providing a secure and compliant environment for users to trade and store their crypto assets.”
Coinbase, the top crypto exchange that owns more than 600 million users globally, aims to expand the community to 1 billion people in the near term. While a majority of the platform’s revenue comes from America, Coinbase seeks to rebalance its revenue mix by growing its presence in markets beyond the US.
Matías Alberti To Lead Coinbase Argentina
Coinbase has appointed Matías Alberti to helm its Argentina operations. His vast experience in the fintech sphere, illustrated by his lead roles in Buenbit and Clara, makes him a perfect choice for Coinbase Argentina. As a seasoned expert in operations, strategy, and market growth, Matías is expected to play a pivotal role in driving Coinbase’s expansion in Argentina.
Notably, US Coinbase Director Fabio Plein remains confident about Matias’ expertise and his leadership qualities. Plein believes that Matias could utilize his experience and understanding of the Argentinian crypto industry for the platform’s establishment in the local market.
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