Kraken, a leading cryptocurrency exchange, expanded its services in Latin America by introducing local currency financing options to Argentina and Mexico, two of the region’s most active crypto markets.
This expansion coincides with the company’s continued commitment to improving its reputation as a trusted, compliant, localized infrastructure to support the adoption of cryptographic applications around the world.
🇦🇷 Argentina has unlocked the mighty Kraken. Live now:
→Sediment via ARS local rail
→ Register as a VASP with CNV
→Over 350 assets, clean FX, full accessIn a market where inflation boosted +200% in 2023, Crypto is not just a good thing, it’s a necessity. pic.twitter.com/qxsxyyqhwr
-Kraken (@krakenfx) July 10, 2025
Kraken wants to fill the demands of alternative economic solutions in the LATAM region
The new integration allows Argentine and Mexican clients to deposit their local currencies (ARS and MXN) via reliable domestic payment methods, allowing faster and simpler access to Kraken’s entire cryptographic service suite.
“The local railroads and clarity of regulations make Kraken uniquely positioned to enable clients from both countries to access the global crypto economy with confidence, security and ease.”
Deposits are automatically converted to US dollars at what appears to be a competitive, transparent foreign exchange rate, thereby eliminating the need for international wire transfers or third-party apps.
Also within Argentina, Kraken is now officially registered as a virtual asset service provider (VASP) with Argentina’s Comisiónnacional de Valores (CNV).
As for why Kraken chose Argentina and Mexican markets to expand, he highlighted the growing importance of crypto in both regions. For example, Argentina has to deal with high inflation rates, and crypto, especially stubcoins, have become important for saving money and sending money for Argentina.
Mexico is in a better position. It is considered a regional powerhouse for crypto activity and is at the forefront of blockchain innovation, dollar-controlled demand and retail adoption.
Both markets represent millions of current and future crypto clients who know that Kraken will need localized tools to fully participate in the ecosystem.
Kraken extends its offering to peer-to-peer payment apps
Since the Securities and Exchange Commission (SEC) rejected its civil lawsuit against Kraken, Crypto Exchange has been sailing smoothly in terms of expanding its services worldwide.
The company called the firing a turning point for cryptocurrency, ending a “vain, politically motivated campaign” that began during the Biden administration and hampered not only innovation but investment.
“Kraken’s business is thriving. We are launching more new products than ever before, driving strong revenue growth and expanding rapidly across our product portfolio through an agreement to acquire Ninjatrader.
The expansion in Argentina and Mexico comes just days after the launch of a peer-to-peer payment app that allows exchanges to send and receive funds in both crypto and Fiat currencies in over 100 countries.
The move is advertised as a bid to expand Kraken’s offering beyond the digital asset trading business, whilst competing directly with existing Tradfi payment systems such as PayPal, Venmo and Block’s CashApp.
In the future, Kraken plans to launch several products via the new payment app Krak. According to the company, the products include physical and virtual cards and payment services such as loans.
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