Latin America's virtual asset trading volume increased ninefold over the past three years

Over the past three years, the volume of virtual asset (cryptocurrency) trading in Latin America has increased ninefold.

On the 19th (local time), Cointelegraph, citing data from Dune Analytics, reported that last year the trading volume of virtual assets on centralized exchanges (CEX) in Latin America reached $27 billion, a ninefold increase compared to 2021 ($3 billion).

In particular, the exchange Bitso dominated the Latin American market. Last year, Bitso recorded trades exceeding $25.2 billion, achieving a 93% market share among exchanges.