Argentina Surpasses 19.8% Crypto Ownership Leading Latin America

Argentina has seen a dramatic rise in cryptocurrency adoption, with nearly one in five adults—19.8% to be exact—now owning digital assets, according to a new report from Coindoo [1]. This places the country at the forefront of crypto usage in Latin America, outpacing Brazil (18.6%) and El Salvador, which, despite its Bitcoin-friendly legislation, remains below the 15% threshold [1].

The study also reveals that crypto ownership across the region is highly concentrated, with Argentina, Brazil, Chile, Colombia, Mexico, and Peru collectively accounting for over 85% of all holders [1]. Analysts from Rankings Latam note that economic instability and limited access to reliable banking infrastructure have significantly contributed to this trend [2]. In countries where inflation is high and currency controls are frequent, digital assets are increasingly viewed as a viable alternative for preserving wealth and conducting transactions [2].

Julian Colombo, General Manager of Bitso Argentina, attributed the rapid adoption to the nation’s long-standing skepticism toward traditional financial institutions. “The legacy of currency controls, repeated restrictions, and unpredictable regulatory changes has shaped public sentiment,” he said [1]. This environment has fostered a growing trust in decentralized financial systems, with many Argentines turning to crypto as a way to hedge against inflation and bypass local economic volatility.

The growing interest in cryptocurrencies has drawn international attention. In July, a delegation of U.S. lawmakers visited Buenos Aires to engage with local industry leaders and regulators, focusing on Argentina’s evolving approach to crypto taxation, stablecoin oversight, and exchange regulation [1]. These efforts have sparked discussions about whether Argentina’s regulatory framework could serve as a model for other nations seeking to promote crypto innovation within a structured environment.

While the adoption is growing organically, a comprehensive legal framework in Argentina is still in development. This regulatory uncertainty stands in contrast to the country’s strong consumer demand, which suggests that policy may eventually follow the market’s lead [2]. The situation highlights a broader global trend: as traditional financial systems falter in times of crisis, cryptocurrencies are increasingly being embraced as a tool for financial resilience and inclusion [1].

Sources:

[1] New Study: Nearly 20% of Argentines Now Own Cryptocurrency (https://coindoo.com/new-study-nearly-20-of-argentines-now-own-cryptocurrency/)

[2] Argentina Leads in Crypto Ownership in Latam, Outpacing Brazil and El Salvador (https://cryptoadventure.com/report-argentina-leads-in-crypto-ownership-in-latam-outpacing-brazil-and-el-salvador)