The study revealed that 19.8% of Argentines own crypto, surpassing Brazil’s 18.6% and leaving El Salvador—despite its Bitcoin-friendly policies—below the 15% threshold.
The report highlights that crypto ownership across the region is heavily concentrated, with Argentina, Brazil, Chile, Colombia, Mexico, and Peru accounting for more than 85% of all holders.
Analysts attribute this trend largely to the economic instability and restricted access to traditional banking that persist in several countries. Rankings Latam noted that such environments tend to fuel not only higher adoption rates but also faster growth in digital finance solutions.
Bitso Argentina’s General Manager, Julian Colombo, believes the country’s deep-rooted distrust in traditional finance has played a pivotal role in this surge. “The legacy of currency controls, repeated restrictions, and unpredictable regulatory changes has shaped public sentiment,” he explained, adding that this climate makes cryptocurrencies an appealing alternative for savings and transactions.
Argentina’s crypto boom has also attracted international attention. In July, a delegation of U.S. lawmakers visited Buenos Aires to engage with industry leaders and regulators. Their discussions centered on the nation’s approach to taxing crypto assets, as well as recent advances in stablecoin oversight and exchange regulations—policies that some believe could serve as a reference point for other countries seeking to foster crypto growth.
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