Latin America’s Crypto Adoption Breakthrough: 116% Growth in 2024 and 57 Million Users Fueled by Regulation
According to a Bitso-compiled dataset and corroborating Coinchange Regulatory Report, Latin America is entering a notable year for cryptocurrency adoption, with 2024 showing a 116% growth and the first half of 2025 adding another 65% surge, lifting regional users beyond 57 million. The momentum reflects a shift toward institutional-grade activity and a more resilient market structure as digital assets gain mainstream traction.
A steadier regulatory environment, coupled with market maturation and targeted policy steps in major markets, has underpinned this expansion. Regional leaders cite reforms such as Brazil’s 2022 Law No. 14,478 establishing a crypto framework, the 2023 FinTech Law in Chile, and Mexico’s 2018 FinTech Law as foundational pillars that enable safer access to digital assets.
Industry observers argue that Latin America is increasingly poised to become a strategic hub for global financial innovation and digital asset solutions, with Bitso’s ongoing regulatory dialogue viewed as critical to balancing innovation with consumer protection in the evolving crypto landscape.