Brazil Leads Latin America's Crypto Boom With $500B in Transactions
Latin America's cryptocurrency market has witnessed remarkable growth, with Brazil leading the region in terms of crypto value received and transaction volume. Between July 2022 and June 2025, the region processed nearly $1.5 trillion in crypto transactions, with Brazil accounting for nearly one-third of this activity.
Brazil's crypto transaction volume grew by a staggering 109.9% period-over-period, propelling it to the top of the region's dynamic crypto market. Centralized exchanges dominated this activity, accounting for 64% of the total. Brazil was closely followed by Argentina, Mexico, Venezuela, and Colombia in terms of crypto value received.
Stablecoins played a significant role in the region's crypto landscape. Over half of all exchange purchases in Colombia, Argentina, and Brazil between July 2024 and June 2025 were stablecoins. In Brazil, over 90% of crypto flows were stablecoin-related, highlighting their importance in payments and cross-border transfers. Mexico, Brazil, and Argentina recorded the highest crypto transaction volumes during this period, with Mexico leading the pack.
The crypto market in Latin America has seen a significant surge, with a record $87.7 billion in transactions in December 2024, up from $20.8 billion in July 2022. Key growth phases included November 2022 to March 2023, late 2023, and the 2024 year-end. Despite a slight cooling in the first half of 2025, the region's crypto adoption remains significantly higher than in previous years.
