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Coinbase Takes ‘Step Back’ From Crypto Services in Argentina

Crypto News

Cryptocurrency exchange Coinbase is reportedly putting its operations in Argentina on hold.

“Today we notified users in Argentina that, following a review of our local operations, we have made the decision to temporarily take a step back from maintaining local services in the market,” the company told Forbes last week.

“This is a deliberate pause that allows us to reassess and strengthen our approach, so that we can return with a stronger and more sustainable product offering to the market.”

The report noted that the move came a little less than a year after Coinbase formally announced its launch in the South American country, notifying users on Dec. 31 that it was “continuously reevaluating” its products “to ensure the…

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