A study reveals that Argentina holds the regional record for cryptocurrency adoption, with 19.8% of the population owning digital assets.
Research conducted by Rankings Latam highlights Argentina as the leading country in Latin America for crypto adoption. With 19.8% of its population holding digital assets, the nation surpasses Brazil (18.6%) and even leaves behind El Salvador, which does not reach 15%.
According to the analysis, Argentina, Brazil, Chile, Colombia, Mexico, and Peru together represent over 85% of all digital asset holders in Latin America. Experts identify economic instability and limited access to traditional banking services as the main drivers of this trend. Rankings Latam emphasizes that these conditions not only accelerate crypto adoption rates but also foster rapid growth in digital finance solutions.
Julian Colombo, General Manager of Bitso Argentina, states that deep-rooted distrust toward the conventional financial system has played a key role in this growth. “The legacy of currency controls, repeated restrictions, and unpredictable regulatory changes has shaped public sentiment,” Colombo said.
Last July, a delegation of U.S. lawmakers visited Buenos Aires to engage with industry leaders and regulators. Discussions focused on the national approach to digital asset taxation, as well as recent progress in stablecoin oversight and exchange regulations.
