Coinbase pauses peso services in Argentina after brief rollout

Coinbase has suspended its local fiat operations in Argentina less than a year after entering the market.

The exchange halted peso-based on- and off-ramps while keeping crypto trading fully operational.

Users were informed the move is a temporary pause following a review of local operations.

Coinbase described the decision as a deliberate step to reassess its approach and return with a sustainable offering.

From January 31, 2026, users will no longer be able to buy or sell USDC using Argentine pesos or withdraw to local bank accounts.

Customers were given a 30-day window to complete peso-based USDC transactions and withdrawals.

Crypto-to-crypto trading, transfers and custody services remain unaffected by the change.

Coinbase said the pause does not signal a permanent exit from Argentina.

Web3 commentator Ana Gabriela Ojeda said local fiat rails often face structural hurdles.

It is not a signal against crypto or against stablecoins, but rather a demonstration of the structural challenges of integrating local financial systems in volatile markets.