Crypto is growing to become a significant rail to move capital, even in large economies all over the world. Brazil is one of the countries that has stepped up its crypto adoption levels, registering record numbers in crypto movements even while facing regulatory headwinds.

According to data from the latest report by Chainalysis, a blockchain analysis firm, Brazil is the largest crypto economy in Latam, having registered crypto transaction volumes of $318.8 billion from July 2024 to June 2025. The figure, which implies a year-over-year growth of over 100%, highlights the growing relevance of cryptocurrency and its possibilities for the Brazilian economy and its citizens.

Brazil sits well on top of other known crypto-friendly economies in the region, more than tripling numbers from Argentina, which reached $93.9 billion, and also eclipsing Mexico, which registered $71.2 billion during the same period.

Brazil also bulldozed over numbers from more modest countries like Venezuela and Colombia, both with volumes inching higher than 40 billion.

While the report includes these flows into the broad crypto category, most of this growth is part of the global stablecoin push that is even larger in Latam due to the characteristics of the region’s economies. In total, Chainalysis estimates that 90% of these flows are tied to stablecoins.

On the growth of crypto adoption in Brazil, Chainalysis stated:

The Brazilian advance is broad and consistent: in addition to the strong institutional performance, all transfer value ranges grew, indicating retail maturity and expansion of day-to-day use.

The report, which estimated total transaction flows of $1.5 trillion for the whole region, specifies that centralized exchanges move most of these volumes, with these institutions intermediating 64% of these activities with digital currencies.

While decentralized finance platforms have also increased their participation, they still have room for growth.

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