ChainCatcher news, Forbes report emphasizes that Argentines are increasingly turning to cryptocurrencies to hedge against the inflation of the local currency. The country's cryptocurrency adoption rate exceeds any country in the Western Hemisphere.

SimilarWeb's analysis shows that of the 130 million users of the top 55 cryptocurrency exchanges, 2.5 million are from Argentina. Popular exchanges in the country include Binance, eToro, BingX, HTX and Bitget.