Kraken Expands to Latin America with Local Funding in Argentina and Mexico

Kraken, a leading cryptocurrency exchange, has announced its expansion into Latin America by launching local funding options in Argentina and Mexico. This strategic move aims to enhance accessibility and convenience for users in these regions, allowing them to deposit and withdraw funds in their local currencies. By offering local funding, Kraken seeks to streamline the process for users, making it easier for them to engage with the cryptocurrency market without the complexities of international transactions.

With these new integrations, clients in both countries can now deposit their local currencies — ARS and MXN — through trusted domestic payment methods, giving them faster, simpler access to Kraken’s full suite of crypto services. This upgrade gives clients in each country a seamless, end-to-end experience — one built on speed, security and trust. By enabling local rails, Kraken eliminates one of the most persistent friction points for crypto users across LATAM: The challenge of converting local currency into digital assets efficiently and securely. Deposits made via these new payment methods are automatically converted to USD at competitive and transparent FX rates, reducing the need for international wires or third-party apps.

This expansion is part of Kraken's broader strategy to increase its global footprint and cater to a diverse user base. Latin America has emerged as a significant market for cryptocurrencies, with growing interest and adoption rates. By providing local funding options, Kraken is addressing a key barrier to entry for many potential users in the region, who may have been deterred by the challenges of converting their local currencies into cryptocurrencies. This decision reflects Kraken's ongoing commitment to building trusted, compliant, and localized infrastructure to support crypto adoption across the globe.

Further, within Argentina, Kraken is now officially registered as a Virtual Asset Service Provider (VASP) with Argentina’s Comisión Nacional de Valores (CNV), enabling it to operate in full compliance with local regulations. This move is a testament to Kraken's commitment to regulatory compliance and user security. By offering local funding options, Kraken ensures that users can transact in a manner that is compliant with local regulations, thereby reducing the risk of legal complications. Additionally, local funding options can enhance the security of transactions, as users can avoid the risks associated with international money transfers.

Each of these markets highlights a different dimension of crypto’s growing importance in the region. In Argentina, with inflation rates exceeding 200% in 2023, crypto — particularly stablecoins — has become a crucial tool for Argentines to save and send money. In Mexico, a regional powerhouse for crypto activity, the country is at the forefront of blockchain innovation, dollar-denominated demand, and retail adoption. Together, these markets represent millions of current and future crypto clients who need localized tools to fully participate in the ecosystem.

Clients in Argentina and Mexico now benefit from local currency funding through trusted domestic payment rails, automatic USD conversion at competitive, transparent rates, access to 350+ digital assets, industry-leading security and global liquidity, 24/7 multilingual support, and localized product experiences and educational content. This expansion is a reflection of Kraken's broader strategy in the region: To combine global infrastructure with local relevance, giving clients the confidence and tools to navigate the crypto economy effectively, wherever they are.

With these launches, Kraken is positioning itself for long-term impact in Latin America. The activation of local payment rails — and the regulatory clarity provided by Argentina’s CNV VASP registration — are not just product upgrades. They’re strategic milestones that reinforce Kraken’s commitment to financial inclusion, responsible innovation, and client empowerment in one of the most promising regions in crypto. Kraken will continue to scale its presence across Latin America with the same values that have guided the platform since 2011: Security, transparency, and trust.