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Latin America surpasses the United States in the increase of cryptocurrency owners., 2026/03/09 13:55:17
The monthly user base of cryptocurrency applications in Latin America has risen by 18% over the past year, nearly tripling the growth rate observed in the United States, according to analysts from the Argentine firm Lemon.
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Residents of Latin America are increasingly utilizing digital assets for payments and cross-border transfers rather than for speculative trading, noted the authors of the study.
Last year, the volume of cryptocurrency transactions in the region surpassed $730 billion, accounting for nearly 10% of global activity in the crypto market. This figure represents a 60% increase compared to the year before last.
Brazil emerged as the leader in transaction activity. The volume of digital asset transactions in the country exceeded $318.8 billion, marking a 250% increase over the year. Lemon analysts attributed these changes to enhanced regulatory clarity and growing interest from corporate investors.
Argentina presents a different scenario. Despite inflation decreasing to 32% by 2025, an increasing number of residents are using cryptocurrencies. The average monthly number of active users was found to be four times higher than during the bullish trend of 2021. One of the key drivers for the adoption of cryptocurrencies in the country has been cross-border transfers. Fintech companies have integrated cryptocurrency infrastructure with Brazil’s instant payment system, PIX. This allows Argentinians to pay for goods from Brazilian sellers in pesos, while transactions between providers occur in USDT stablecoins. As a result, cryptocurrency applications in Argentina were downloaded 5.4 million times last year, according to Lemon analysts.
Peru has become one of the fastest-growing markets in the region. The audience using crypto applications in the country has doubled due to collaboration between banks and digital platforms. The number of transactions exceeded 540 million, reflecting a 120% increase over the year.
Analysts estimate that stablecoins, primarily USDT, play a crucial role in the practical use of digital assets by Latin Americans. They are actively utilized for international payments, withdrawing funds from services like PayPal, and circumventing banking restrictions.
Previously, specialists from Mercado Bitcoin, the largest cryptocurrency exchange in Latin America, reported that the total volume of cryptocurrency transactions in Brazil increased by 43% over the year.
