According to Dune Research, from January 2021 to July 2025, cryptocurrency exchange flows in Latin America grew ninefold, reaching 27 billion USD by 2024. Ethereum accounted for approximately 45.5 billion USD of this total, representing around 75% of all exchange flows.
In 2024, Bitso handled over 25.2 billion USD in flows, reflecting a 1,160% increase from 2021. Other exchanges like Mercado Bitcoin and Lemon Cash also experienced growth. The surge is attributed to practical applications such as cross-border commerce, rather than a sustained bull market.
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