On July 10, the Kraken exchange announced the expansion of its business coverage in Latin America, officially launching local currency payment channels in Argentina and Mexico. Users can now directly deposit Argentine Pesos (ARS) and Mexican Pesos (MXN) through local payment methods, and the system will automatically convert them to USD, eliminating the need for international wire transfers.

Meanwhile, Kraken has obtained virtual asset service provider (VASP) registration from the National Securities Commission (CNV) in Argentina, achieving compliant operations. This move aims to serve these two active cryptocurrency markets, especially Argentina, where the inflation rate exceeds 200%, and Mexico, which is at the forefront of blockchain innovation. [Deep Tide TechFlow]

Kraken Expands Latin American Business, Launches Local Payment Channels in Argentina and Mexico