The countries in Latin America with the highest cryptocurrency adoption are:
- Leading countries:
- Argentina: leader in cryptocurrency use, with a 73% increase in transaction volume in 2024, reaching $91 billion. High inflation and the devaluation of the Argentine peso drive the use of cryptocurrencies as a financial refuge.
- Brazil: second place in the region, with a transaction volume of approximately $90.3 billion. The country has strengthened its crypto ecosystem with institutions like Itaú and global exchanges.
- Mexico: third place, with significant growth in the use of cryptocurrencies for remittances, which increased by 40% in 2024.
- Other countries with high adoption:
- Venezuela: experienced a year-on-year growth of 110% in cryptocurrency adoption, driven by the economic crisis and the devaluation of the bolívar.
- Colombia: shows notable growth in cryptocurrency adoption, with an improving regulatory environment.
- Chile: is also among the countries with the highest cryptocurrency adoption in the region.
- Peru: stands out for the significant rise in cryptocurrency use in recent times.
- Ecuador: cryptocurrency payments account for 15.8% of the Ecuadorian economy, with three out of ten Ecuadorians with an active bank account having purchased cryptocurrencies.
- Dominican Republic: shows a significant increase in cryptocurrency adoption, with 18% of banked Dominicans determined to buy crypto assets.
- Honduras: ranks fourth, with three circular economies inspired by El Salvador created in 2022.
These countries show remarkable enthusiasm in the cryptocurrency trend, reflecting a growing participation in the cryptocurrency market.
Luis Ceballos Bisamon