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
Due to high inflation in Latin American countries, people are moving more and more to crypto to save and increase their capital. Thus, in 2017, 6% of the entire population at least once made a transaction with cryptocurrencies, by 2022 this figure has grown to 51%
Latin America is also home to five of this year's top thirty crypto index countries:
