The quantity of transactions processed by way of Latin American crypto exchanges grew ninefold between 2021 and 2024, reaching $27 billion, with over 90% of exercise pushed by USDT and USDC.
Cryptocurrencies in Latin America firmly established themselves as a monetary software for each day funds, remittances, and financial savings, in line with knowledge from analytics platform Dune. CEXs, fee apps, in addition to world and native stablecoins play a key position on this course of, guaranteeing integration with nationwide economies.
In 2024, crypto transaction quantity on native exchanges reached $27 billion, in comparison with $3 billion in 2021. The highest three regional exchanges by annual transaction quantity are:
- Bitso — $25.2 billion.
- Mercado Bitcoin — $915 million.
- Lemon Money — $870 million.
The primary fee infrastructure relies on the Ethereum blockchain, which accounted for about 75% of all transactions over the previous 4 years, roughly $45.5 billion. Tron ranks second with $12.5 billion, largely pushed by USDT transfers, whereas Solana and Polygon take third and fourth place with $1.5 billion and $1.17 billion, respectively.
Stablecoins grew to become the muse of the regional crypto economic system. In July 2025, USDT and USDC made up greater than 90% of all crypto transactions. In Brazil, real-pegged stablecoins surged, with transaction quantity exceeding 5 billion reais (~$900 million), reflecting greater than 660% annual progress. In Mexico, peso-backed stablecoins MXNB and MXNE quickly gained traction, with July transactions totaling ~$34 million, in comparison with simply ~$53,000 a 12 months earlier.
On- and off-ramp infrastructure can be increasing. Platforms corresponding to PayDece, ZKP2P, and Capa processed practically $60 million, enabling direct integration of crypto with nationwide fee techniques, together with Brazil’s Pix.
On the identical time, neobank apps are creating:
- Picnic processes over 45,000 funds per week;
- Exa App facilitated greater than $5 million in transactions through Visa playing cards;
- BlindPay reached $93 million in cumulative quantity, chopping worldwide switch prices from 1.5% to 0.1% and lowering settlement instances from three days to seconds.
Specialists emphasize that Latin America grew to become a major instance of mass crypto adoption, as digital belongings tackle real-world wants for each customers and companies. Nonetheless, the report notes that the area requires technological and regulatory hubs to scale these options and broaden into world markets.
In spring 2025, Latin American international locations noticed a pointy rise in using digital funds. A 12 months earlier, Mastercard analysts reported that round 43% of all remittances within the LATAM area had been processed utilizing cryptocurrencies.
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