Coinbase has halted peso-based USDC on- and off-ramps in Argentina less than a year after launch, citing a review of local operations while keeping crypto trading fully active.
Crypto exchange Coinbase has paused its local fiat operations in Argentina less than a year after formally entering the market, scaling back peso-based services while keeping its crypto functionality.
According to a report by Forbes Argentina, Coinbase informed users that it is temporarily stepping back from maintaining local services following a review of its operations. The company described the move as a “deliberate pause” aimed at reassessing its approach and returning with a more sustainable product offering.
The change primarily affects fiat rails. From Jan. 31, 2026, users will no longer be able to buy or sell USDC (USDC) using Argentine pesos (ARS) or withdraw funds to local bank accounts. Coinbase told users they have a 30-day window to complete peso-based USDC transactions and withdrawals before the cutoff date.
