Crypto adoption is growing globally, particularly among countries in Latin America. A recent survey in the region shows that 95% of current crypto users plan to expand their portfolio.
According to a Binance Research survey conducted in Argentina, Brazil, Colombia, and Mexico, about 10,000 investors.
Surging Crypto Adoption in Latin America
Notably, 40.1% of those surveyed hope to acquire more crypto within the first quarter of 2025. In the next six months, 15.3% expect to invest in digital assets, while 39.7% look to add more digital currency to their holdings.
Of the 10,000 respondents surveyed, only 4.9% did not show enthusiasm for investing funds in crypto assets.
Interestingly, Latin America is a leading region in crypto use, with a significant 10% global usage. In 2024, for instance, the region led the international community regarding crypto adoption. As per research conducted by Triple-A, a payment firm, crypto adoption grew by a staggering 116% that year.
This has pushed the number of users in Latin America to as high as 55 million as the 2024 count.
Regulatory Support Fuels Growth
Analysts consider a favorable regulatory environment to be one of the factors responsible for a thriving cryptocurrency sector. The region has embraced new financial products such as spot Bitcoin exchange-traded funds (ETFs).
One of the surveyed countries, Brazil, made history last week. Brazil securities regulator Comissão de Valores Mobiliários (CVM), has approved a spot XRP ETF in the country. In addition to the regulatory nod, users are keen to expand their holdings in crypto assets due to the increasing value of cryptocurrencies.
Guilherme Nazar, Binance’s regional VP of Latin America, maintained that countries in the region show immense potential as crypto expands. Nazar stated that the survey results align with their observation while operating in the area.
Financial Security and Investment Growth Drive Crypto Adoption
Some top reasons for this growing crypto adoption have been linked to the need for users to protect their money. Other indicators were privacy and portfolio diversification. Notably, in 2024, Brazil alone recorded an inflow of $24.7 million in crypto investment.
Results from the Binance survey show that half of the average respondents have been using crypto for at least a year. Meanwhile, most surveyed said they were investing in crypto with anticipation of gains and financial freedom.
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