Recent data indicates that Argentina has surpassed Brazil in cryptocurrency ownership, reflecting a growing interest in digital assets in the country.
Cryptocurrency Ownership Rate in Argentina
According to data presented in the Rankings Latam report, 19.8% of Argentines own digital assets, surpassing Brazil's figure of 18.6%. The report reflects the growing interest in cryptocurrencies in Argentina despite the lack of official confirmation of these figures.
Trading Activity in Brazil
However, Brazil continues to dominate in trading activity, with 77% of cryptocurrency trading in Latin America. This highlights the significant role of the country in market liquidity and institutional participation.
Impact of Economic Factors
The data highlights a regional shift in cryptocurrency adoption as Argentina faces high inflation and strict currency controls. Increased ownership rates are linked to broader use of stablecoins in everyday financial activities.
The rising interest in cryptocurrencies in Argentina and Brazil's sustained leadership in trading activity emphasize the importance of financial integration of digital assets in both countries.
