Latin America sees surge in cryptocurrency adoption, with users surpassing 57 million
7x24h News
Latin America sees surge in cryptocurrency adoption, with users surpassing 57 million
According to the latest report from cryptocurrency exchange platform Bitso, Latin America is experiencing a "breakthrough" year in crypto adoption. Data from Coinchange regulatory reports shows that cryptocurrency usage in the region grew by 116% in 2024 and another 65% in the first half of 2025, with total users now exceeding 57 million. This significant growth is largely driven by improved regulatory environments, increasing market maturity, and positive regulatory developments in the U.S. and Europe. Brazil has emerged as a regional regulatory leader with Law 14.478 enacted in 2022, establishing a comprehensive crypto framework; Chile laid the foundation for digital assets through its Fintech Law of 2023; Mexico's 2018 Fintech Law was among the earliest global regulatory frameworks to formally recognize virtual assets. Felipe Vallejo, Chief Officer of Corporate Affairs at TechFlow, said it is now a critical moment to build modern and flexible regulatory frameworks that foster innovation, protect users, and strengthen the digital financial ecosystem. Analysts predict Latin America is rapidly becoming a strategic hub for global financial innovation and digital asset solutions.
Navigating Web3 tides with focused insightsTechFlow, November 20 — According to the latest report from cryptocurrency exchange Bitso, Latin America is experiencing a "breakthrough" year in crypto adoption. Data from Coinchange regulatory reports shows that cryptocurrency usage in the region grew by 116% in 2024, followed by a further 65% increase in the first half of 2025, bringing the total number of users to over 57 million.
This significant growth has been driven by improved regulatory environments, increasing market maturity, and positive regulatory developments in the U.S. and Europe. Brazil has emerged as a regional leader through Law 14.478 enacted in 2022, establishing a comprehensive crypto framework; Chile laid the foundation for digital assets with its Fintech Law passed in 2023; Mexico's 2018 Fintech Law was among the earliest global regulatory frameworks to formally recognize virtual assets.
Felipe Vallejo, Chief Corporate Affairs Officer at Bitso, stated that now is a critical moment to build modern, flexible regulatory frameworks that foster innovation, protect users, and strengthen the digital financial ecosystem. Analysts predict that Latin America is rapidly becoming a strategic hub for global financial innovation and digital asset solutions.
