Between July 2022 and June 2025, Latin America moved about 1.5 billion dollars in cryptocurrency transactions, positioning itself as one of the most dynamic regions in the world in this sector.
According to a new report by the Chainysis research firm, entitled «Latin America is consolidated as a crypto power in a volatile growth», the activity in the region has been fluctuating but with a clear upward trend.
While in July 2022, 20.8 billion dollars were counted, in November of such year and March 2023, the monthly volume exceeded 34,000 and 37,000 million dollars, respectively, and continued rising.
By the end of 2023 picos were reached until then, from USD 46.3 billion in November and USD 45.1 billion in December. Then, The figure marked a record of 87.7 billion in December 2024with several months between the end of 2024 and early 2025 remaining above the USD 60,000 million.
Despite a slight cooling in the first half of 2025 – with 47.9 billion dollars in June—,, The region remains at a level much higher than that of previous years«Which reflects a sustained impulse in the adoption of cryptocurrencies, despite short -term volatility,» Chainysis distinguishes.
In this way, the study highlights that the growth of cryptocurrencies in Latin America not only reflects the global expansion of the sector, but also particular local factors. Among them, persistent inflation, exchange volatility and capital controls in several countrieswhich have promoted the demand of Stablecoins as a reserve of value and as a protection tool against macroeconomic risks.
Brazil marks the pattern in Latin America; Argentina and Mexico complete the podium
Brazil leads the Latin American marketwith 318.8 billion dollars in value received, which represents almost a third of the entire cryptocurrency activity in the region. According to Chainysis, the country’s growth has been broad and sustained, with an interannual increase of 109.9%.
According to analysts, this impulse has been accompanied by a high use of stablcoins, which represent more than 90% of digital currency flows in the country, as well as for the active participation of financial institutions, including traditional banks such as Itaú and Neobancos such as Cloud and Payment Market.
Argentina is located in second place by volume of transactionswith 93.9 billion dollars, followed by Mexico (USD 71,200 million), Venezuela (USD 44.6 billion) and Colombia (USD 44.2 billion). Smaller markets such as Peru, Chile and Bolivia also register significant figures, while El Salvador, despite its well -known Bitcoin adoption, reported more modest volumes (USD 3.5 billion).
The activity in centralized exchanges continues to be the main route of access to cryptocurrencies in the region, representing 64% of the operations, only behind the Mena region and above North America and Europe. Local platforms such as Mercado Bitcoin, Ripio, Bitso and Satoshitango have consolidated as referents, facilitating the entry of new users.
On the other hand, the purchase of Stablecoins concentrates much of the market in countries such as Brazil, Argentina, Mexico and Colombia. According to Chainysis, this responds to the search for stability against inflation and exchange volatility: «Stablecoins function as a parallel financial system, offering both protection and a practical payments where local currencies often fail to provide stability.»
The report concludes that, promoted by institutional adoption in markets such as Brazil and the constant retail demand of Stablecoins, the cryptocurrency ecosystem in Latin America points to sustained growth. Maintaining the balance between innovation and regulation will be key To conserve this impulse and ensure that the region continues to consolidate its position on the global map of the sector, he maintains.
Julián Colombo, general director of Bitso Argentina, spoke about the study in a statement sent to cryptootics, highlighting that the investigation validates what is seen on a day -to -day basis:
«The new Chainysis report confirms something that we have been seeing for years: Latin America is one of the most dynamic regions in the world in the use of cryptocurrencies. That Argentina is second in the region by volume, behind Brazil, reflects the magnitude of the local market and how, despite macroeconomic instability, Argentines find in the crypto – especially in digital dollars and Bitcoin – an alternative to protect value, send and receive payments or participate in the global economy ».
Julián Colombo, general director of Bitso Argentina.
The Executive said that, although Argentina has descended positions in the global adoption ranking, this does not reflect a lower interest: «adoption is already high and stable: millions of people use crypto daily, and that explains the great volume we see.»
«The challenge forward is not only to grow in volume, but in the quality of adoption: more financial education, more practical solutions and more integrations with the real economy, so that more and more people and companies can benefit from this technology,» said Colombo.