Mentioned:
Crypto is going global. And now, one of the largest publicly traded companies in digital assets is expanding into Argentina.
What’s happening:
- Coinbase (NASDAQ: COIN) has officially been approved to operate in Argentina for the first time ever
Why it matters:
- The new approval from Argentina’s National Securities Commission will enable Coinbase to be launch their full trading platform to residents of Argentina, as well as launch original content aimed at providing education around digital assets
- Coinbase is already a dominant force in crypto throughout North America and has the single largest amount of users of any crypto exchange in the United States of America
Going deeper:
- Latin America has become a big focus for Coinbase’s expansion efforts, which previously led to winning a notable regulatory approval to begin operating in Brazil for the first time ever
The intrigue:
- Coinbase has been making a flurry of new moves lately, just recently re-launching Bitcoin backed loans to users in the United States
