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Coinbase has halted the ARS-USDC fiat railways as of Jan. 31, 2026. All other crypto services will remain active.
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Users are given a 30-day period to complete USDC transactions based on pesos and withdraw funds.
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Coinbase Argentina will continue to maintain a presence via Base and partners despite the fiat pause. HTML_
Coinbase has suspended peso-based operations in Argentina less than a month after entering the market. Sources claim that the decision affects Argentine Peso rails linked to USD Coin transactions, but does not affect the platform’s core cryptocurrency services. The company characterized the move as temporary and framed it as a review or local operations, rather than a market withdrawal.
Coinbase users in Argentina won’t be able to withdraw pesos from their local bank accounts after Jan. 31, 2026. Users have a 30 day window to complete any pending USDC transactions or withdrawals based on pesos before the cutoff.
The change only affects fiat on-ramps/off-ramps. Crypto-to-crypto trades, custody, and on chain transfers will remain available. Coinbase has stated that the funds of customers will not be affected during the transition.
The exchange informed its users that this pause was due to an internal review, which aimed to improve the local offering of the exchange and return with a more sustainable structure. The company did disclose the reasons behind its decision.
Market Situation and Local Reactions
Industry reports cite more than 10,000,000 active wallets as evidence that Argentina is one of Latin America’s most active cryptomarkets. The country has attracted domestic and international firms. Recent developments show that the country is still active. Local exchange Ripio introduced a stablecoin pegged to the peso, while Nexo acquired Buenbit in its regional expansion strategy.
Web3 regional observers commented on operational challenges, not a shift from digital assets. Criptolawyer wrote on X, a Web3 Commentator, that such pauses are usually due to the complexity of maintaining fiat rails in local jurisdictions, including regulatory uncertainties, reliance on counterpart banks, and high costs for compliance.
Coinbase has confirmed that Argentineans can continue to trade, hold, send and receive cryptocurrencies without converting fiat currency. Coinbase plans to maintain a technical presence in the future through Base, an Ethereum layer-2 network. It will also collaborate with local partners including Ripio on Base-related projects.
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