Report reveals that there are 55 million crypto users in LATAM, 12% more than in 2023
In August of this year 2024, Lemon, a crypto services company that operates in Argentina, issued a report on crypto activity in the country. It also presented data on crypto adoption in Latin America, indicating that 4 out of 10 people who open a crypto app in the region do so from Argentina.
Crypto user statistics in Latin America
Chile: Orionx and Arch.finance will jointly offer a crypto product with AI The report also indicated that, for this first semester, there are 12% more users than in 2023, reaching 55 million users in the region. They indicated that in Argentina there are already more than 2 million downloads of crypto applications in the first half of 2024.
They also highlight that Lemon and Binance are the crypto applications with the highest user acquisition in Argentina, the sum of both applications represents a capture of 75% of the crypto app sessions in that country. The report collected information on user behavior at market times so far this year.
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According to this data, August 5, 2024 was the day that the most bitcoin was purchased on the Lemon application, exceeding 706 thousand purchase orders. They also point out as an important fact that these purchases are carried out at times when the value of bitcoin has fallen, indicating that: âWhile global investors await the evolution of the markets, in Argentina the reaction is different: people, accustomed to the country's economic volatility, see Bitcoin as a reserve of value and take advantage of the large falls to buy more
