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The red crab Chaceon notialis is endemic to the Southwestern Atlantic (Brazil, Uruguay and Argentina), occurring from 200 to 1600 m deep. The species belongs to the Geryonidae family and exhibits a K-strategist life cycle. Due to its increased exploitation over recent decades, this marine resource requires attention regarding its conservation and management. In this work, were analyzed red crab populations from the three countries that cover the species' entire distribution range, assessing diversity and differentiation through morphometric and genetic analyses. The evaluated morphometric measurements were length and width of the carapace; length, width and height of the chelae propodus; and female abdomen width. For genetic evaluation, the following mitochondrial DNA regions were used: the partial 12S gene and the entire Control Region (861 bp); and the partial Cytochrome c oxidase subunit I (1252 bp). The morphometric results showed two distinct phenotypic groups (one from Brazil/Uruguay and the other from Argentina), with significant differences in female abdomen width and chela size. Genetic analyses, however, revealed only a single panmictic population, with no genetic structuring among the analyzed stocks. These findings suggest that the management measures applied in each country will influence the population dynamics of the others, and that international cooperation is necessary for achieving sustainable fisheries of this valuable resource. Since commercial fishing of the red crab C. notialis is not conducted in Argentina, we propose that this area can act as a biological reserve for this species. Due to the commercial importance of this crab, knowledge of the species' diversity is of fundamental importance for its management, conservation, and to provide baselines for future biological and ecological studies. • Morphometric analyses identified two morphologically distinct red crab groups. • Chelae size and abdomen width are the main characteristics that separated groups. • Molecular analyses (mtDNA) identified a single panmictic population. • Planktonic larval distribution may influence the lack of genetic structure. • A coordinate fishery management between countries is suggested. [ABSTRACT FROM AUTHOR]