The cryptocurrency market in Latin America is expanding much faster than in the United States, as users increasingly rely on cryptocurrencies for payments and cross-border transfers rather than speculation. A new report claims.
According to a report by Argentinian cryptocurrency company Lemon, the region’s cryptocurrency trading volume will exceed $730 billion in 2025, a 60% increase from the previous year and accounting for approximately 10% of global cryptocurrency activity.
Growth is measured in more than just transaction volume. Monthly active cryptocurrency app users in Latin America grew about 18% year-over-year, roughly three times the growth rate in the United States, the report said.
Brazil dominates the region in deal size.
Cryptocurrency in the country is valued at $318.8 billion, a year-on-year increase of nearly 250%, driven primarily by increasing transparency in institutional trading and regulation of financial institutions.
Argentina shows a different pattern. Despite inflation falling to around 32% in 2025, cryptocurrency adoption continues to rise. The average number of monthly users is four times what it was during the 2021 bull run, the report said.
Cross-border payments are one of the driving factors. The Argentinian fintech company connected Crypto Rail to Brazil’s PIX instant payments system, allowing users to pay Brazilian merchants using pesos while stablecoins such as USDT settle transactions behind the scenes.
The integration resulted in 5.4 million Argentinian cryptocurrency app downloads in 2025, with a record high in January.
Back in January, Peru witnessed the integration of Bybit Pay with digital wallets Yape and Plin, making it one of the fastest growing markets. The number of crypto app users doubled as interoperability rules allowed banks and digital wallets to connect. The number of transfer transactions between banks and wallets exceeded 540 million, a year-on-year increase of 120%.
Stablecoins play a central role in the shift to practical use cases. Across the region, users rely on digital dollars to send money abroad, receive funds from platforms like PayPal and bypass traditional banking networks, the report noted.
