KATHA JIMENEZ ROMERO Sep 14, 2024
Brazil, Venezuela, Mexico, and Argentina among the 20 countries with the most crypto adoption, according to Chainalysis
Brazil and Venezuela are consolidating themselves as powers in the adoption of cryptocurrencies in Latin America, occupying the 10th and 13th places respectively, according to the latest Chainalysis report.
The blockchain research company Chainalysis recently published the “2024 Geography of Cryptocurrency Report”, where it revealed that 4 Latin American countries are among the list of countries with the highest rate of cryptocurrency adoption. Brazil is in 10th place, while Venezuela is in 13th position when it comes to the use of cryptocurrencies.
The Top 20 of the Global Cryptocurrency Adoption Index 2024 also features Mexico in 14th place and Argentina in 15th position, revealing how cryptocurrencies have become a real alternative for citizens seeking to protect their assets from economic inflation.
The publication noted: “In each year's report, we look at on- and off-chain data to determine which countries are leading the world in cryptocurrency adoption. Our research highlights countries where unique cryptocurrency use cases are taking hold, and explores why people in countries around the world are adopting crypto.”
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Crypto Activity Increases Worldwide
The report indicated that between the fourth quarter of 2023 and the first quarter of 2024, the total value of global crypto activity increased substantially, reaching levels higher than those of 2021 during the cryptocurrency bull market.
“We can see this pattern in the chart, where we apply our Global Adoption Index methodology by summing the index scores of all 151 countries.. https://en.cointelegraph.com/authors/katha-jimenez-romero
