Crypto trading platform Bitget has registered with Argentina’s National Securities Commission (CNV) as a virtual asset service provider, known locally as a PSAV. The registration follows Bitget’s earlier approval in Mexico and comes as several foreign platforms seek formal status in the country.
Bitget joins and , which have already obtained PSAV status in Argentina. Local platforms Lemon, Ripio and SatoshiTango had previously secured registration and established banking relationships ahead of foreign entrants.
Phased approach to Latin American regulation
Bitget CEO Gracy Chen said the PSAV registration represents an important step in establishing a long-term presence in Argentina, noting that no other "full licencing" framework is currently available to industry participants.
"Regulatory frameworks across Latin America are still evolving, so most platforms are taking a phased approach as requirements become clearer," Chen told Sandmark.
Differentiation through multi-asset access
Chen positioned Bitget’s breadth of product access as its main differentiator in a competitive market that includes both local platforms and larger global exchanges such as Binance.
"What differentiates Bitget is the breadth of access available through a single platform," she said. "Users are increasingly looking for innovative products, often deploying AI-powered tools. The industry is moving toward a multi-asset model where users want access to different investment opportunities through a single account, and that is an area where we continue to invest heavily."
Stablecoin demand, product strategy
Chen said Bitget would offer a range of products, including , earn products and trading solutions, allowing users to select strategies based on their own financial goals and risk tolerance.
"The rise of stablecoins highlights how digital assets are becoming part of everyday financial activity," she said. "That trend is likely to remain one of the strongest drivers of adoption across Latin America over the coming years."
Argentina recorded an estimated $93.9bn in crypto transaction between July 2024 and June 2025, according to Chainalysis, driven in part by high inflation and capital controls that have encouraged the use of stablecoins.
In Mexico, Bitget registered under the country’s framework with the Tax Administration Service (SAT) and the Financial Intelligence Unit (UIF). Mexico has taken a more cautious approach to digital assets, keeping the sector largely separate from the traditional banking system.
Binance remains the largest foreign platform in both markets. It holds a 73% usage rate among digital asset investors in Argentina and leads in spot and trading in Mexico, according to TGM Research.
Bitget, founded in 2018, offers trading in crypto , stocks, , commodities and precious metals.
(Updated: Story now includes comments from BitGo CEO Gracy Chen, which were provided to Sandmark following the original publication).
