The company obtained a registration of virtual asset services (VASP) of the National Commission for Securities of Argentina (CNV). This approval allows it to operate legally within the framework of the country.
This decision strengthens Coinbase engagement to compliance and user protection.
The adoption of the crypto soar as Coinbase enters Argentina
Argentina has become a hotspot for the adoption of cryptocurrencies. With 5 million Argentines using crypto daily, digital assets help fight inflation and financial instability. The figures speak for themselves – 87% of Argentines believe that crypto can stimulate their financial independence. In addition, 79% are open upon receipt of digital asset salaries.
For many Argentines, the traditional bank means high fees, slow transactions and limited world access. The crypto offers an alternative, and 76% Adults see it as a solution to these frustrations. With Coinbase in the image, users can now access a safe and regulated platform. It makes crypto more accessible than ever.
We have obtained a registration of virtual asset services (VASP) of the National Commission for Securities of Argentina (CNV).
This will allow us to operate in the legal framework of Argentina for virtual assets, strengthening our commitment to the conformity and protection of users.
– Coinbase
(@Coinbase) January 28, 2025
(@Coinbase) The expansion of Coinbase in Argentina is led by MatÃas Alberti. He will supervise local operations and ensure smooth integration into the country’s financial ecosystem. Coinbase aims to strengthen long -term confidence and success by working with regulators and industry leaders.
Coinbase reported a significant increase in the use of Solana from January 17 to January 20, causing a backlog of more than 113,000 delayed transactions. The cutting edge load, which was 30 times higher than their normal rate, has led to delays in the treatment of shipments and receives, causing blocks of the coinbase systems late on the Solana network of around 50,000 blocks. To solve the problem, Coinbase deployed fixes on January 20, delayed compensation sends to give users faster access to their assets.
Delays can be frustrating, we want to share a retro on Solana’s delay sends and receives some recently experienced customers.
This retro details what happened, why and what improvements we make to best serve our customers, especially during periods of high demand.
– Support coinbase (@coinbasesupport) January 24, 2025
On January 21, the company said that system latencies returned to normal, marking the incident as resolved. The deep cause was identified as the shared services of Coinbase, which had trouble managing the point of the use of Solana. To avoid future events, Coinbase is working to optimize its infrastructure, improve transaction management and improve liquidity management to follow Solana’s growth.
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