Coinbase is planning to reassess its service offerings in Argentina after having entered the market in one year ago. The U.S.-based exchange has informed its Argentina-based users that starting January 31, 2026 they will not be able to buy or sell the USDC stablecoin with the Argentinian Peso (ARS).
In a message to its Argentina-based users Coinbase said, “As of January 31, 2026, it will no longer be possible to buy and/or sell USDC using Argentine pesos on the platform. Your ability to buy, sell, send, and receive cryptocurrencies remains fully active. You can continue operating between different digital assets without interruptions.”
While Coinbase said this is part of the continuous re-evaluation of its products, it did not specify the exact reason for suspending the service in the country.
Earlier this week Argentina’s central bank expanded the upper and lower limit of the peso’s exchange rate band to stablize the economy. This process will be repeated on a monthly basis.
Coinbase could be taking time to analyze the operational complexity for international exchanges managing fiat-to-crypto conversions in Argentina amid its evolving economic structuring.
Many from the crypto community are also opening discussions around Coinbase’s step on social media.
“Your assets are safe with Coinbase and this change does not imply any modification to your funds or commissions,” the exchange notified its users in the Latin American nation. “We remain committed to striving to offer you the best possible tools for your journey in the world of digital assets.”
It currently remains unclear whether the ability to buy or sell the USDC stablecoin using the Argentine peso will eventually resume on Coinbase.