America

2024

Bitcoin

Coin

<ul class="news-points"> 
 <li><strong>Kaiko discovered stablecoins have overtaken Bitcoin in Latin America.</strong></li> 
 <li><strong>Stablecoins make up 63% of crypto volumes across Latam’s top exchanges.</strong></li> 
 <li><strong>The stablecoin surge in Latin America started around 2021.</strong></li> 
</ul> 
<p>Stablecoins have overtaken Bitcoin in popularity among Latin American crypto users, according to a new report from research firm, Kaiko. This trend, observed across seven major exchanges, highlights a growing preference for stable digital assets in the region.</p> 
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   <p lang="en" dir="ltr">Stablecoins more preferred than Bitcoin in Latin America, Kaiko study reveals<br><br>A recent study by crypto market research firm Kaiko has observed the popularity of stablecoins over Bitcoin in Latin American crypto markets. According to <a href="https://t.co/16dw4rejR4" target="_blank" rel="nofollow">https://t.co/16dw4rejR4</a>, the analysis covered…</p>— CoinNess Global (@CoinnessGL) <a href="https://twitter.com/CoinnessGL/status/1805483005232005415?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 25, 2024</a>
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<p>These crypto exchanges offer trading pairs with Latin American fiat currencies, with stablecoins emerging as three of the most traded assets on three of those platforms, according to Kaiko’s <a href="https://25446524.fs1.hubspotusercontent-eu1.net/hubfs/25446524/_LATAM%20Market%20Report.pdf?hstc=255101527.90a18c54de0745db2e951cd93eb45519.1718054664176.1718103473663.1718979525155.9&amp;hssc=255101527.1.1718979525155&amp;__hsfp=381634184" target="_blank" rel="nofollow">research</a>. Notably, Binance handles nearly half of the crypto transactions in Latin America, with available data showing users prefer transacting in stablecoins.</p> 
<p>Meanwhile, stablecoin-to-fi…</p>
<p>The post <a href="https://coinedition.com/latin-american-crypto-markets-favor-stablecoins-over-bitcoin-kaiko-research-reveals/">Latin American Crypto Markets Favor Stablecoins Over Bitcoin, Kaiko Research Reveals</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Latin American Crypto Markets Favor Stablecoins Over Bitcoin, Kaiko Research Reveals

Coin Edition

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