The Yieldmax Coin Option Income Strategy ETF (CONY) closed up 1.45% at $13.27 on January 28, 2025, as the cryptocurrency market experienced a notable recovery. The underlying asset, Coinbase (COIN), saw a 1.26% increase to $281.48, buoyed by significant developments in its international expansion strategy. Coinbase secured regulatory approval to launch a crypto exchange in Argentina, a major step in its global growth plan. This move is expected to tap into Argentina's burgeoning crypto market, where $91 billion was transacted between 2023 and 2024. The approval from Argentina’s National Securities Commission allows Coinbase to operate legally as a Virtual Asset Service Provider, potentially increasing its user base in a country where 87% of the population views cryptocurrency as a means to achieve financial independence. This expansion aligns with the broader positive sentiment in the crypto market, which saw a 4.3% increase in market capitalization, reflecting renewed investor confidence.