Blockchain Foundation: "Argentina, leader in crypto adoption in Latin America".
A report from the Blockchain Foundation revealed the growing adoption of cryptocurrencies by Argentinians, making the country a reference in the region.
In recent years, within the crypto ecosystem, Argentina has been a highly mentioned country due to the increasing adoption of crypto assets in "the land of silver", but why are Argentinians opting for cryptocurrencies in recent years? What are the most used cryptocurrencies? In the latest report from the Blockchain Foundation, these questions were answered, and it was stated that the country leads crypto adoption in Latin America.
To prepare the report, the Blockchain Foundation announced that it consulted with the exchanges Ripio, Decrypto, Bitso, and Bitget, who collaborated on this report. The document concluded that "about 19% of the Argentine population uses some cryptocurrency, which means 8.6 million people. This positions the country in fourth place globally and first in Latin America in crypto adoption according to a report by Triple-A in mid-2024".
The exchange Coinbase officially landed in Argentina.
José Luis del Palacio, co-founder of Decrypto, stated that "cryptocurrencies are here to stay" and that people use them as a method of investment or for transactions and payments.
Julián Colombo, General Director of Bitso Argentina, commented: "We grew by 16% and added more than 1.5 million customers".
From Ripio, they added that, on average, they added about 50,000 new users per month to their platform this year.