Iporanga Ventures

Argentina: where crypto is overtaking TradFi

Argentina has long operated under a financial paradox: while much of the population measures value in dollars, access to them remains constrained. Decades of inflation, capital controls, and macroeconomic instability have led Argentines to continually reinvent how they save, transact, and preserve value. This environment has created one of the most complex retail FX markets in the world — and one of the most fragmented. Several types of “dollars” coexist: the official dollar, influenced by po...