A certain compliant platform suspends Argentine Peso trading and exits in disappointment less than a year later.

not_your_keys · 2026-01-05T01:32:17+00:00

A compliant platform announced that it will cease USDC trading services for Argentine Pesos starting January 31, for reasons that are not yet clear. Users have 30 days to convert Pesos, and the platform still offers cryptocurrency trading. The Central Bank of Argentina is drafting new regulations, which are expected to be approved by 2026.

not_your_keys

2026-01-05 01:32:17

Abstract generation in progress

Source: Yellow Original Title: Coinbase Ends Argentine Peso Trading Less Than a Year After Launch in Argentina

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Certain compliant platform suspends Argentine Peso trading

A certain compliant platform has notified Argentine users that it will cease offering Peso to USDC trading services starting January 31.

The exchange launched local currency operations in Argentina last year after obtaining regulatory approval, and now less than a year later, has announced this decision. Users have 30 days to convert and withdraw their Pesos until the deadline.

It is worth noting that cryptocurrency pairs on the platform for crypto-to-crypto trading remain fully available.

What happened

Around January 3, a certain compliant platform notified users that the ability to buy USDC with Pesos and withdraw to local bank accounts would no longer be available. The company did not disclose specific reasons for suspending fiat operations.

The exchange entered the Argentine market on January 28, 2025, after receiving approval from the National Securities Commission of Argentina. The exchange hired Matías Alberti, who has extensive experience with companies like Buenbit and Clara, to lead regional operations.

A study by the certain compliant platform shows that 87% of Argentinians see cryptocurrency as a way to achieve financial independence.

The Argentine cryptocurrency market was shaken in February 2025 when the president promoted the LIBRA meme coin. The token surged to a market cap of over $4 billion before crashing more than 85% within hours. According to researchers, the losses from this scandal ranged between $100 million and $251 million.

Why this matters

Reportedly, the Central Bank of Argentina is drafting regulations to allow traditional banks to offer cryptocurrency trading and custody services. According to local exchanges, the new regulations may be approved around April 2026.

Ana Gabriela Ojeda, a Latin American Web3 voice, pointed out that such decisions often stem from the complexities of fiat operations. Unclear regulations, reliance on correspondent banks, high compliance costs, and limited trading volume often drive these exits.

A certain compliant platform emphasized that this suspension does not mean a permanent exit from the market. The exchange continues to develop Base in Argentina—its Ethereum Layer 2 network.

USDC0,05%

ETH-3,61%

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TrustMeBro

· 12h ago

Laughing to death, running away in less than a year? The story of regulatory-friendly exchanges is always like this… --- Argentina has been cut again? The speed is outrageous --- Where is the promised localized operation… Is everyone ready with their wallets? --- Regulatory approval took forever, but they still couldn’t continue, I don’t get it --- 30-day conversion period… I bet five bucks someone will forget --- Crypto-to-crypto trading is normal, fiat channels are closed, this routine is getting more and more familiar --- Launched last year, stopped this year, such efficiency is memorable --- Is compliance really万能? It doesn’t seem to work either --- Argentine users must be losing their minds, thinking they found an exit --- The promise of the crypto world is just to slap in the face, believe it and you lose

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DegenApeSurfer

· 01-07 11:54

Laughing out loud, they ran away less than a year after entering Argentina? Is this really compliance or just non-compliance? --- Is the Argentine peso so difficult to handle? Even the exchanges can't hold on --- Wait, just stopping peso trading, can the crypto-to-crypto pairs still be played? This move is a bit interesting --- Another case of localization failure, it seems that fiat on and off ramps are really not that simple --- Leaving in less than a year, how painful must that be haha --- Crypto-to-crypto trading is still open, it feels like they just avoided a certain risk point --- Argentina users have a 30-day transfer window, is it compliance pressure or something else? --- This rhythm... entering first and then exiting, what about the retail investors who took the bait?

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GasBandit

· 01-06 12:04

Argentina has been cut again and again, even compliant exchanges can't hold on Regulation really has driven everyone crazy... The promises made in the white paper have never been reliable, and this time is no exception 30-day withdrawal... feels sufficient? Actually, it's a sweet trap Remembered now, is this the future of Web3? Laughing to death Promises from crypto exchanges, one counts as one, all are temporary workers

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SeasonedInvestor

· 01-05 02:00

Damn, this is the cost of compliance Another story of "once you get in, you can't get out"... It must be really tough over in Argentina, cutting off in just a few months Forget about compliant platforms, both sides are being choked by regulators Where's the promised localization? This is the failure of the last mile When will Coinbase learn about long-term thinking? Repetitively testing investors' patience here, what's going on Regulatory tricks are indeed the same, loud thunder but little rain This time, it's mainly because Argentina is having issues. The crypto world is tough, everyone

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WalletDoomsDay

· 01-05 01:58

Another example of "compliance" gone wrong... Is this the Argentine Peso? Couldn't even last a year, is this the result of "obtaining regulatory approval"? LOL What happened to the promised localized operations? Why did they turn around and leave?

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DEXRobinHood

· 01-05 01:42

Another "compliance dream" shattered, Argentina's money isn't even warmed up before it wants to run This time it's outrageous. Last year, after struggling to get regulatory approval, they had the nerve to boast, but less than a year later, they're gone. How many new users who just entered must be feeling uncomfortable? Is fiat on-ramp so hard to manage? Or is the regulatory environment really unmanageable...

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