El Salvador Continues Bitcoin Accumulation, Adds 12 BTC to Its Reserve
El Salvador has increased its Bitcoin holdings again, bringing its total stockpile to 6,068 BTC, valued at over $554 million.
Regulatory Approval – Coinbase has secured the authorisation to operate within Argentina’s legal framework for virtual assets, allowing it to expand its offerings in the country.
Gradual Rollout of Services – The exchange plans to introduce more crypto-related services over the coming months, enhancing access for Argentine users.
Established Presence Since 2019 – Coinbase first launched crypto-to-crypto conversions and trading in Argentina in April 2019, and this latest approval marks a significant step in its regional expansion.
Coinbase, a leading global cryptocurrency exchange, has announced its expansion into Argentina, marking a significant milestone in its international growth strategy.
On January 28 2025, Coinbase published that Argentina’s National Securities Commission (CNV) approved its virtual asset service provider (VASP) registration. This enables the exchange to introduce various new services, including local payment options in Argentine pesos. This move aligns with Coinbase’s commitment to increasing economic freedom worldwide by providing accessible and secure crypto services.
In April 2019, Coinbase began its international expansion by introducing crypto-to-crypto trading in several countries, including Argentina. This initiative allowed users in Argentina to store, trade, send, and receive cryptocurrencies on Coinbase.com and Coinbase Pro. Building on this foundation, Coinbase has now obtained the necessary regulatory approvals to broaden its service offerings in Argentina.
This development enables Argentine users to access a comprehensive suite of crypto services, including secure custody, seamless buying and selling of crypto assets, and advanced trading features. Coinbase spokesperson said, “Coinbase couldn’t operate the way it will now. Previously, certain functionalities were offered within the legal framework, but now, with the licence, it’ll be able to offer more products in pesos.”
Argentina has witnessed a significant surge in crypto adoption, driven by economic factors and a tech-savvy population seeking alternative financial solutions. The country’s regulatory environment has increasingly supported digital assets, fostering innovation and attracting global crypto service providers.
The Argentine Securities Commission (CNV) has demonstrated its commitment to the crypto industry by signing a strategic cooperation agreement with El Salvador’s digital asset regulatory body. This partnership aims to promote the development and adoption of cryptocurrencies within Argentina, further solidifying the country’s position as a burgeoning hub for digital assets.
Coinbase’s entry into the Argentine market is part of its broader “Go Broad, Go Deep” international expansion strategy. This approach focuses on establishing a presence in high-bar regulatory jurisdictions and tailoring services to meet local market needs. Recent milestones in this strategy include obtaining Anti-Money Laundering (AML) registration from the Bank of Spain, allowing Coinbase to offer its full range of products and services to Spanish users in compliance with national regulations.
By expanding into Argentina, Coinbase aims to provide individuals and institutions with a trusted platform to engage with the crypto economy. The company is committed to working closely with local regulators and partners to ensure compliance and deliver secure, innovative financial solutions.
Coinbase’s expansion into Argentina represents a significant step in its mission to create an open financial system for the world. As Argentina’s crypto ecosystem continues to evolve, Coinbase is well-positioned to support and contribute to its digital asset landscape, offering users a reliable and comprehensive platform for their cryptocurrency needs.
El Salvador has increased its Bitcoin holdings again, bringing its total stockpile to 6,068 BTC, valued at over $554 million.
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