Crypto Adoption Booms in Argentina

The survey, that was made last year by polling 400 different users via smartphone, found that 12 out of 100 Argentinians had invested in crypto last year. Brazil reached an adoption of 7%, while Mexico had 6%. The country was also above the average adoption rate in Latam, which was 8%.

Reasons for the Growth

The study analyzed the possible reasons for this growth in Argentina being over the total growth in South America and found three reasons that, combined, might explain the boom that crypto has seen in Argentinian and Latam Markets. The first one has to do with the high degree of digitalization these societies have compared to the low level of banking adoption. 18% of the surveyed stated that they have an interest in investing in crypto in the future, having never done it before. Of these, 54% stated that protecting their savings was a key benefit of cryptocurrencies.

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