According to the Daily Planet, Chainalysis will release the 2023 Cryptocurrency Geography Report later this month, which shows that Latin America is the seventh largest cryptocurrency economy, and its status has remained relatively stable over the past two years. Latin America has the highest preference for centralized exchanges, with high grassroots adoption rates, and Brazil, Argentina, and Mexico rank in the top 20 in the Global Crypto Adoption Index. Almost every country has a higher trading volume on centralized exchanges than the global average, but Mexico is the only country that handles nearly half of its trading volume through decentralized exchanges. Argentina's demand for USDT is much higher than Brazil, and Brazilians show a higher demand for Bitcoin and altcoins.