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A well-known compliant platform recently sent an announcement to users in Argentina, announcing that local services in the region will be suspended soon. It is understood that this decision was made less than a year after the platform officially launched in Argentina.
According to the announcement, starting from January 31, users will no longer be able to trade stablecoins using Argentine pesos on the platform. This means that Argentine users relying on USD C for trading need to adjust their strategies quickly and find alternatives.
Industry insiders pointed out that this reflects the compliance pressures and operational challenges faced by exchanges in emerging markets. Argentina, as one of South America's major cryptocurrency markets, may see its local users reconsider their choice of exchanges due to this exit. It is reported that other trading platforms are still expanding their operations in Argentina, and the market competition may be reshuffled as a result.