{"id":35547,"date":"2024-08-06T13:04:07","date_gmt":"2024-08-06T13:04:07","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/latam-crypto-adoption-set-to-surge-in-2024-says-coinwire-report\/"},"modified":"2024-08-06T13:04:07","modified_gmt":"2024-08-06T13:04:07","slug":"latam-crypto-adoption-set-to-surge-in-2024-says-coinwire-report","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/latam-crypto-adoption-set-to-surge-in-2024-says-coinwire-report\/","title":{"rendered":"Latam Crypto Adoption Set to Surge in 2024, Says Coinwire Report"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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According to a recent Coinwire analysis, Latin America\u2019s adoption of cryptocurrencies is likely to more than double by 2024, and trade volumes are anticipated to skyrocket.<\/p>\n

Latin America has the potential to grow into a major cryptocurrency player. According to a Coinwire analysis that examined trade behavior on the most reliable centralized exchanges, Coingecko, the region\u2019s cryptocurrency trading volumes are expected to reach $7.82 trillion by 2024. Compared to the $2.29 trillion and $3.03 trillion traded in 2023 and 2022, respectively, this would be a substantial increase.<\/p>\n

Although these are outstanding figures, Africa is expected to surpass Latam, with anticipated trading volumes five times larger than those of 2022.<\/p>\n

Brazil and Chile Lead the Way<\/h2>\n

Brazil emerges as the largest crypto market in Latin America and can become a legal means of payment<\/a> in the country, with expected trading volumes exceeding $354 billion in 2024. This growth is driven by increasing adoption and a favorable regulatory environment. Coinwire highlights, \u201crising adoption and a supportive regulatory environment\u201d as key factors for Brazil\u2019s dominance.<\/p>\n

Chile follows Brazil, with anticipated trading volumes of $105 billion. The report notes that Chileans allocate around 65% of their monthly allowances to crypto investments, nearly matching their rent expenses. \u201cThis substantial investment reflects the growing confidence in digital assets as a viable financial tool in Chile,\u201d<\/em> the report states.<\/p>\n

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Argentina ranks third, with projected trading volumes of $100 billion, and Colombia comes in fourth with nearly $47 billion.<\/p>\n

Despite the impressive growth in Latin America, Europe remains the largest market for cryptocurrency trading. Coinwire estimates that Europe\u2019s trading volumes will surpass $40 trillion in 2024, dwarfing other regions.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) According to a recent Coinwire analysis, Latin America\u2019s adoption of cryptocurrencies is likely to more than double by 2024, and trade volumes are anticipated to skyrocket. Latin America has the potential to grow into a major cryptocurrency player. According to a Coinwire analysis that examined trade […]<\/p>\n","protected":false},"author":35,"featured_media":35548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35547"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=35547"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/35548"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=35547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=35547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=35547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}