A New King of the South?

Argentina passes Brazil in digital asset volume as Latin America continues rise to crypto powerhouse status.

Author

Austin Hodge
October 10, 2024 • Read Time: 13 minutes

In the fast-paced world of cryptocurrency, Latin America has emerged as a powerhouse, channeling close to $415 billion in digital assets over the past year. Argentina overtook Brazil in volume with $91.1 billion in crypto inflows, though Brazil continues its embrace of institutional investment and growth. Meanwhile, Venezuela and the Caribbean are finding inventive, if not tumultuous, uses for their digital currencies. As the stakes rise and the number of crypto converts grows, stablecoins appear to be the steady anchor amidst the region's inflationary storms.

Let's dive in!

  • Latin America's crypto market sees explosive stablecoin adoption, driven by economic instability and institutional interest. — Read More

  • Cryptocurrency adoption in Argentina is booming with stablecoin usage at 61.8% of all crypto transactions, surpassing Brazil and reflecting efforts to hedge against inflation. — Read More

  • Argentina leads in Latin America with $91 billion in crypto deposits between July 2023 and June 2024, beating Brazil's $90 billion. — Read More

  • Serbia's Vulin says BRICS is now more appealing than the EU. — Read More

  • Ripple secures top honor for cross-border payments at Future Digital Awards 2024. — Read More

  • Nexus unveils beta of global open prover network aiming to unify computing power worldwide. — Read More

  • Stripe brings back crypto payment options for US businesses, enabling USDC transactions across various blockchain networks. — Read More

  • China's central bank launches ¥500B funding scheme, uses collateral to inject liquidity. — Read More

  • Crypto exchange BitMEX launches customizable trading bots for tailored trading strategies. — Read More

  • Ripple launches custody solutions to help banks manage crypto, aiming to expand its market footprint. — Read More

  • South Korea aims to regulate stablecoins amid concerns about rising use and inadequate oversight. — Read More

  • Forexeko, a new forex robot by Avenix Fzco, targets XAUUSD on MT4 with price action and risk management features. — Read More

  • Nearly half of traditional hedge funds now invest in cryptocurrencies, driven by regulatory clarity and new ETFs. — Read More

  • Tradias secures BaFin license, enabling European expansion in digital assets by 2025. — Read More

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