Latin America’s crypto market is expanding much faster than that of the United States as users increasingly rely on cryptocurrencies for payments and cross-border transfers rather than speculation. says a new report.
The region, according to a report by Argentine crypto firm Lemon, received more than $730 billion in cryptocurrency transaction volume in 2025, a 60% increase from the previous year, representing approximately 10% of global crypto activity.
Growth was not measured only in transaction volume. Active monthly users of crypto apps in Latin America increased about 18% year over year, about three times faster than the growth in the United States, according to the report.
Brazil dominates the region by transaction size.
The country received $318.8 billion in crypto value, growing nearly 250% year over year, driven largely by institutional trading and greater regulatory clarity for financial institutions.
Argentina shows a different pattern. Even though inflation fell to approximately 32% in 2025, cryptocurrency adoption continued to rise. According to the report, average monthly users were four times higher than during the 2021 bull market.
A determining factor is cross-border payments. Argentine fintech companies linked cryptorails to Brazil’s PIX instant payment system, allowing users to pay Brazilian merchants using pesos while stablecoins like USDT settle the transaction behind the scenes.
The integration generated 5.4 million crypto app downloads in Argentina during 2025, with January downloads reaching a record level.
Peru, which in January saw Bybit Pay integrate with digital wallets Yape and Plin, emerged as one of the fastest growing markets. Crypto app users doubled when interoperability rules allowed banks and digital wallets to connect. Transfers between banks and wallets exceeded 540 million transactions, a 120% year-on-year increase.
Stablecoins are playing a central role in the shift towards practical use cases. Across the region, users rely on digital dollars to send money abroad, receive funds from platforms like PayPal, and bypass traditional banking networks, the report notes.
