Argentina is in 2023 on the site 15 in the global ranking of cryptocurrency adoption made by Chainalysis.
According to data from Bitso, Argentina It is the only country in the region in which the purchase of digital dollars is greater than bitcointhe most used cryptocurrency in Latin America.
Furthermore, along with Brazil and Mexico (other countries where Bitso operates) Argentina It is one of the three markets in the region that have incorporated this technology as an alternative to traditional banking instruments.
According to the last Global Adoption Index Cryptocurrencies, Argentina, Brazil and Mexico are among the top 20 places in the adoption of digital currencies.
Among the factors that influenced the development of the market cryptocurrencies in ArgentinaBitso highlighted “the complex economic contextin which the Argentine peso has suffered a significant devaluation and has led to the purchase of digital dollars to maintain liquidityin the face of the lack of US dollars.”
The data of the strong growth of Bitso in Argentina They occur within the framework that the exchange This year it reached 8 million users globally.
In a year in which the Crypto industry faced widespread contractionthe company’s performance was a 30% better than the general average from other players in the crypto sector, according to market data.
“The growth in The number of users achieved this year has been driven by the company’s strategy of adding new features to identify the average purchase and sale price of currencies, as well as statistics that allow us to know the behavior in the market and even schedule the buying or selling a coin when it reaches the target price. It also incorporated the first networks of Layer 2, Polygon and Arbitrum, with their native tokensopening a new era in the use of crypto in Latin America,” he explained Julián Colombo, CEO of Bitso Argentina, during a meeting with journalists in which Ámbito participated.
Founded in Mexico in 2014the company has more than 500 employees in 35 countries different. It has a community of more than 8 million customers and 1,700 institutional clients. In 2023 it had a growth of 60% in division operations Bitso Businesswhich reached an annualized volume of 8 billion dollars globally.
It offers a digital platform to earn returns, make transfers and transfers between countries. Allows you to exchange and store a variety of more than 50 cryptocurrenciesas well as products powered by crypto for companies, including crypto transactions and international payments among others.
Source: Ambito
