Latin America’s crypto market is growing much faster than that of the United States, as users increasingly rely on cryptocurrencies for cross-border payments and transfers rather than speculation. claims a new report.
The region, according to a report by Argentinian crypto firm Lemon, received over $730 billion in cryptocurrency trading volume in 2025, an increase of 60% from the previous year, accounting for around 10% of global crypto activity.
Growth is not only measured in transaction volume. The number of monthly active users of crypto apps in Latin America grew about 18% year-over-year, about three times faster than growth in the United States, according to the report.
Brazil dominates the region in terms of deal size.
The country received $318.8 billion in crypto value, with growth approaching 250% year-over-year, largely driven by institutional trading and increasing regulatory clarity for financial institutions.
Argentina presents a different pattern. Although inflation fell to around 32% in 2025, crypto adoption continued to increase. Average monthly users were four times higher than during the 2021 bull market, according to the report.
One of the driving factors is cross-border payments. Argentine fintech companies have linked crypto rails to Brazil’s PIX instant payments system, allowing users to pay Brazilian merchants in pesos while stablecoins such as USDT settle the transaction behind the scenes.
The integration led to 5.4 million crypto app downloads in Argentina in 2025, with January downloads reaching an all-time high.
Peru, which saw Bybit Pay integrate into digital wallets Yape and Plin in January, has become one of the fastest growing markets. Crypto app users doubled as interoperability rules allowed banks and digital wallets to connect. Transfers between banks and wallets exceeded 540 million transactions, an increase of 120% year-on-year.
Stablecoins play a central role in the transition to practical use cases. Across the region, users are relying on digital dollars to send money abroad, receive funds from platforms like PayPal, and bypass traditional banking networks, the report highlights.
