The adoption of cryptocurrencies in Argentina has evolved in recent years. This was highlighted by Karina Caudillo, regional manager of Exchange OKX for Latin America, who told cryptooticies that the country’s economic improvement changed the way people linked to digital assets.
From the assumption of President Javier Milei more than a year ago, in December 2023, Argentina has experienced a remarkable decrease in inflation levelsa factor that had contributed to the adoption in the country of digital currencies such as Bitcoin (BTC) and Stablecoins of the dollar.
According to INDEC data (National Institute of Statistics and Census), inflation in Argentina was from the 1.5 % in May of 2025, the lowest level recorded since April 2020. Meanwhile, the price of the dollar remains ironed between 1,000 and 1,400 pesos, by government regulations.
With a somewhat more stable economy, it is logical to think that users no longer resort to digital assets only as a refuge in the short term, but that They begin to explore other uses and investment strategies Within the ecosystem.
«Two years ago and backwards, the custom was the preservation of value, the purchase of Stablecoins to protect you from the inflation at that time. Now that has changed a lot, with the adjustments made by the government and with the fact that the currency has stabilized a little more, ”explained the OKX representative.
This new scenario has not only influenced user behavior, but also in the way in which companies in the sector address the development of the ecosystem in the country. Within that framework, collective initiatives have been generated among market actors to boost more favorable conditions.
A recent example was The union of several cryptocurrency exchanges to request a reduction in the tax burden on the industry. Karina considers that these types of alliances strengthen the ecosystem: “presenting ourselves as a front that represents an industry can only bring positive things.”
Caudillo leads the OKX expansion plan on the continent, with an approach to the design of strategies adapted to each country. Its work includes the analysis of the regulatory environment, the local consolidation of the company and the training of equipment in each market.
Brazil was the first country in Latin America where OKX opened local operationsincorporating native equipment. Later the opening was opened in Argentina, and currently the company plans how to consolidate a more solid product in the rest of the continent.
«Latin America is a very important region for OKX for years. After analyzing the market, almost three years ago we decided to launch operations officially and with local equipment, ”he said.
As for the exchange’s products offer, he said that this depends largely on the regulatory framework of each country, and added that A key part of your expansion work is to identify what can be offered in each market and what are the specific needs of users.
«For example, in El Salvador there are very clear rules, which allows us to offer products such as Spotderivatives, automation tools for tradingamong others, but in other countries that varies, ”he explained.
“It is good to have a regulation that gives users security and clarity, and that allows governments to have visibility on how cryptoactive ones are being used, and leave companies a place where a business can really be built”
Karina Caudillo, Regional Manager of OKX in Latin America.
Stablecoins and Regulation: The keys to greater financial inclusion
In international matters, the OKX regional Manager expressed its enthusiasm for the advance of the Genius Law in the United States, an initiative that seeks to establish a clear regulatory framework for the stablcoins anchored to the dollar.
In his opinion, This law could have a strong impact not only on the US market, but also in Latin America. “I am excited to see how the genius law develops, see what kind of players end up adding to the ring … I think this possibly opens the doors for financial entities wanting to work stronger with the exchanges,” he said.
Caudillo also referred to the impact that the eventual broadcast of Stablecoins could have by large companies such as Amazon or Walmart. In his opinion, such a measure, as well as the progress of marketpago in the sector, could significantly improve financial inclusion in the region.
«This excites me, because I think the competition only brings good things for users and could change the rules of the game completely … although I am not sure if they have taken a clear position and if they are going to do it or not, I think of the companies that have been in the development of cryptocurrency issues for years, such as MercadoPago. Then I believe that a connection in Latin America with coins that are clearly regulated, which have a support, could make the movement of funds between countries become much easier and than the Fees are much lower »
Karina Caudillo, Regional Manager of OKX in Latin America.
Finally, The Executive projects a positive landscape for the market in the remainder of 2025. Although it avoids making concrete forecasts about the price of Bitcoin, it is optimistic: “I think we could see a new historical maximum in the remainder of the year and a strong liquidity injection.”
Its projection is based on the growth of institutional adoption, the confidence generated by the genius law and the growing regulatory clarity globally, factors that are leading more companies to feel comfortable by keeping part of their treasury in Bitcoin and other cryptoactives.
