Latin America’s crypto market is expanding much faster than its U.S. counterpart, as users increasingly rely on cryptocurrencies for payments and cross-border transfers rather than speculation. A new report claims:
According to a report by Argentine crypto company Lemon, the region will receive more than $730 billion in crypto transaction value in 2025, up 60% year-on-year and representing about 10% of global crypto activity.
Growth is not only measured by transaction volume. The number of monthly active users of crypto apps in Latin America grew by about 18% year-on-year, about three times faster than the growth rate in the United States, according to the report.
Brazil dominates the region in terms of trade volume.
The country received $318.8 billion in virtual currency value, with growth approaching 250% year-on-year, primarily due to increased institutional trading and regulatory clarity for financial institutions.
Argentina shows a different pattern. Even though the inflation rate fell to around 32% in 2025, the adoption of cryptocurrencies continued to increase. According to the report, the average number of monthly users is four times higher than during the 2021 bull market.
One of the drivers is cross-border payments. The Argentine fintech company linked Cryptorail to Brazil’s PIX instant payment system, allowing users to pay merchants in Brazil using pesos while stablecoins such as USDT settle transactions behind the scenes.
With this integration, Argentina will see 5.4 million downloads of cryptocurrency apps in 2025, with downloads reaching a record level in January.
Peru emerged as one of the fastest growing markets in January, when Bybit Pay was integrated with digital wallets Yape and Plin. Interoperability rules that allow banks and digital wallets to connect have doubled the number of users of crypto apps. More than 540 million transfers were made between banks and wallets, an increase of 120% year over year.
Stablecoins are playing 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 such as PayPal, and bypass traditional banking networks, the report said.
