Latin America’s crypto market is expanding far faster than the US as users increasingly rely on cryptocurrencies for payments and cross-border transfers rather than speculation. claims a new report.
The region, according to a report by Argentinian crypto firm Lemon, received more than $730 billion in cryptocurrency transaction volume by 2025, a 60% increase from the previous year, representing about 10% of global crypto activity.
Growth was not only measured in transaction volume. Monthly active crypto app users in Latin America grew about 18% year-over-year, about three times faster than growth in the United States, the report said.
Brazil dominates the region by transaction size.
The country received $318.8 billion in crypto value, with growth approaching 250% year-over-year, driven mainly by institutional trading and expanded regulatory clarity for financial institutions.
Argentina shows a different pattern. Despite inflation falling to around 32% by 2025, crypto adoption continued to rise. Average monthly users were four times higher than during the 2021 bull market, according to the report.
One driver is cross-border payments. Argentinian fintech companies linked cryptos 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 led to 5.4 million crypto app downloads in Argentina during 2025, with January downloads hitting a record high.
Peru, which back in January saw Bybit Pay integrate with digital wallets Yape and Plin, emerged as 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 over year.
Stablecoins play 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 points out.
