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Why Latin America?
Latin America is one of the most promising emerging crypto markets worldwide
It’s the seventh largest cryptocurrency market, with citizens receiving $562 billion in crypto from July 2021 to June 2022, which represents a 40% growth over last year’s total
Facts about Latin countries:
Brazil is the region's top recipient of crypto assets with a value of $150 billion and one of the highest crypto adoption rates — 16 million crypto users
Mexico has largest crypto remittance corridor, with over $1 billion in transfers and a 400% yearly increase in 2022
Chile has the most active users of DeFi, with over 45% of all crypto assets transaction volume in 2022
El Salvador legalized BTC as a legal tender in 2021
Venezuelans invested $37 billion in crypto in 2022
The Central Bank of Cuba has officially regulated cryptocurrencies since 2021
The National Assembly of Panama has approved a bill to regulate and legalize crypto
Market potential
The current population of Latin America is 660 million, 6% of which (39.6 million people) at least once made a transaction with cryptocurrencies in 2017, by 2022, this figure has grown to 51% (336.6 million people)
Latin America is also home to five countries with the highest crypto adoption rate in this year’s crypto index
