Unbelievable Growth: LATAM Crypto Exchanges Skyrocket to $27 Billion! 🚀💰

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Ah, Latin America! A land where the tango meets the blockchain, and where crypto exchanges have transformed from mere whispers in the wind to the roaring lions of financial infrastructure! In just three short years, these platforms have multiplied their exchange flows ninefold, as if they were rabbits in a magician’s hat. 🐇✨

According to the latest revelations from the esteemed Dune Research, the annual crypto exchange flows in LATAM were a modest $3 billion in 2021. Fast forward to 2024, and behold! The total exchange flows have ballooned to a staggering $27 billion, an increase of 800%! It seems the digital asset growth in the region is as unstoppable as a runaway train! 🚂💨

In the early days, LATAM’s crypto activity was akin to a shy debutante at a grand ball-modest and somewhat overlooked on the global stage. Yet, like a phoenix rising from the ashes, a fragmented ecosystem of small brokers and over-the-counter (OTC) desks has morphed into integrated exchanges, catering to both retail and institutional clients. Who knew that crypto could be so… social? 🎉

Dune Analytics has painted a picture of “growth maturity and consolidation” from early 2021 to mid-2025, showing that LATAM-based centralized exchange platforms are not just growing; they are maturing like fine wine-if wine could also be used for cross-border commerce and remittance settlements, that is! 🍷💸

Bitso: The King of LATAM Exchanges 👑

Since 2021, Bitso has been the undisputed heavyweight champion of the Latin American crypto market. Back then, it processed over $2 billion in flows, accounting for more than 66% of the region’s total. Fast forward to 2024, and this titan has processed over $25.2 billion, marking a jaw-dropping 1,160% growth! Talk about a glow-up! 🌟

Bitso’s share of exchange flows has skyrocketed to 93% during this period. Meanwhile, other contenders like Mercado Bitcoin and Lemon Cash have also joined the party, proving that the crypto fiesta is far from over. And guess what? This surge happened without a sustained bull run! Dune reports that this growth reflects a shift toward real-world utility-because who needs a bull market when you have cross-border commerce and currency hedging? 🐂🚫

Ethereum: The Flow Master 💪

Now, let’s talk about Ethereum, the true heavyweight of the crypto world. Since 2021, Ethereum-based transfers have dominated the market, racking up over $45.5 billion-roughly 75% of all recorded flows! It’s like Ethereum is the popular kid in school, and everyone else is just trying to catch up. 📚

Tron, bless its heart, ranks second with over $12.5 billion in transfers, largely thanks to low-cost Tether (USDT) transfers. As of Tuesday, Tron holds a whopping $81.8 billion in USDT tokens circulating on its network, while Ethereum follows closely with $80.3 billion. It’s a friendly rivalry, really! 🤝

And let’s not forget Solana, which ranks third in LATAM with a respectable $1.45 billion in total flows, while Polygon trails behind with $1.17 billion. It’s a veritable race of the titans, and the spectators are loving every minute of it! 🏁

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2025-08-19 16:25