Spanish crypto ATM provider BitBase has announced plans to launch its first crypto ATM in Buenos Aires, Argentina, by the end of the year. The move marks the company’s foray into the South American market, offering locals the ability to buy cryptocurrencies using cash in Argentine pesos or US dollars, as well as withdraw fiat by selling their digital assets.

Regional Director Nadia Karabin confirmed that additional features, such as crypto purchases and sales via bank cards, will be available after completing all organizational procedures. While BitBase remains tight-lipped about the exact number and locations of planned ATMs, the company has allocated $524,000 to fund the purchase of new machines, operational logistics, and support infrastructure across Argentina.

Currently, BitBase operates 135 crypto ATMs in Spain, serving a growing user base of more than 35,000 active customers. The expansion aligns with a broader industry trend, as a recent Research and Markets study predicts that the global crypto ATM market will grow at an average rate of 45.7% annually, reaching a valuation of $2.58 billion by 2032.

The increasing accessibility of crypto ATMs could drive wider adoption of digital assets in regions like Argentina, where economic instability has fueled demand for alternative financial solutions. However, potential investors should monitor regulatory developments and economic conditions that may impact such growth.

This article is for informational purposes only and does not constitute financial advice.