Coinbase has received regulatory approval to launch operations in Argentina, allowing the company to provide trading and custody services within the country's legal framework. The approval comes as research shows a high demand for cryptocurrencies in Argentina, with many viewing it as a hedge against inflation and transaction costs. The move marks a significant expansion for Coinbase and could potentially lead to a rebound in the company's stock price, which has experienced a notable correction in recent months. Technical analysis suggests that the stock price could see a jump of 6.5% followed by a 33% surge if buyers regain bullish momentum.
- Content Editor ( cryptonewsz.com )
- 2025-01-28
Can Coinbase Stock Price Hit $500 as Argentina Expansion Fuels Growth?