Coinbase pauses local fiat rails in Argentina less than a year after its arrival

Coinbase has suspended its local fiat on-ramp services in Argentina, just under a year after launching in the country. The decision comes amid ongoing economic challenges, including high inflation and currency devaluation. Users in Argentina will no longer be able to buy cryptocurrencies directly with Argentine pesos through the platform. Coinbase's exit reflects the broader difficulties faced by cryptocurrency exchanges in navigating volatile markets in Latin America.

Read the full article: Coin Telegraph

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