Latin America Crypto Flows Skyrocket 800% to $27B in Just Three Years

Crypto flows through centralized exchanges in Latin America have exploded, jumping from $3 billion in 2021 to a staggering $27 billion in 2024—an incredible 800% surge. Remarkably, this growth happened without a prolonged bull market, driven instead by increasing real-world adoption for everyday needs like remittances and hedging against economic instability.

Key Players Leading the Charge

Bitso Takes the Crown: The exchange handled $25.2 billion in flows in 2024, capturing a dominant 93% market share (up from 66% in 2021). That's a jaw-dropping 1,160% growth for Bitso alone!

Competitors on the Rise: Platforms like Mercado Bitcoin and Lemon Cash have also seen significant expansion, contributing to the region's vibrant crypto ecosystem.

Blockchain Breakdown (2021 to Mid-2025)

Ethereuremains the powerhouse, with $45.5 billion in transfers accounting for 75% of all regional activity. Other networks are gaining traction too:

Tron$: $12.5 billion, primarily fueled by USDT stablecoin transfers.

Solana$SOL : $1.45 billion in flows.

Polygon$: $1.17 billion.

This boom underscores crypto's vital role in Latin America for cross-border payments, remittances, and protecting against currency volatility. As adoption continues, the region is positioning itself as a global leader in practical blockchain use cases. Stay tuned for more updates!