Latin America (LATAM) is rapidly emerging as a significant player in global crypto markets. Although the region’s market size still lags behind major hubs like the US and South Korea, its momentum is accelerating due to improved infrastructure, clearer regulations, and growing institutional participation.

LATAM’s trade volumes reached multi-year highs in 2025.

 Local exchanges are losing ground to global players.

USD-backed stablecoins remain the most traded asset across the region.

LATAM’s Trade Volume Hits Multi-Year Highs in 2025

Crypto trading in Latin America rebounded sharply in late 2023 and continued to gain momentum throughout 2024.

→Monthly volumes averaged $2.6 billion last year and exceeded $3 billion in 2025.

→Despite a global slowdown in early 2025, Latin America recorded $16.2 billion in trading volume between January and May, up 42% from the same period in 2024.

Competition Heats Up

Since 2022, local exchanges like Bitso and Mercado Bitcoin had been steadily eroding Binance’s dominance.

→ After the post-U.S. election rally, Binance’s market share in LATAM rebounded above 50% for the first time since June 2022.

→In contrast, Bitso’s share dropped to 17%, while Mercado Bitcoin held steady at 12%.

Stablecoins remain the most traded asset IN LATAM

Despite Bitcoin’s value proposition as a hedge against currency debasement, most crypto users in LATAM prefer stablecoins.

→USDT remains the most traded asset in LATAM, accounting for 47% of volume—up from 26% in early 2024.

→ Bitcoin holds a 25% share, while ETH has overtaken XRP as the third most traded asset at 10%.