Binance, the world’s largest cryptocurrency platform, has managed to establish a strong presence in several Latin American countries. Its ability to adapt to market needs and its offer of accessible tools have positioned it as the reference platform in the region. Here we analyze the percentage of participation that Binance has in some of the key countries in Latin America.
1. Mexico: A Growing Market
In Mexico, Binance controls approximately 45% of the cryptocurrency market, positioning itself as the main platform used by traders and holders. Its easy integration with the Mexican banking system and low fees have boosted its adoption.
2. Argentina: Refuge from Inflation
Argentina is a country where cryptocurrencies have gained ground due to inflation. Binance has a 35% presence, and many Argentines see cryptocurrencies as a way to protect their value against the devaluation of their local currency.
3. Brazil: Regional Leader
Brazil, the largest country in the region, represents a significant portion of Binance’s market in Latin America, with a 50% share. The digital economy in Brazil is constantly growing, and Binance has been able to take advantage of this potential.
4. Chile: Cryptocurrencies and Regulation
Chile has a favorable regulatory environment for cryptocurrencies. Binance maintains a 40% presence in the Chilean market, standing out as one of the most reliable platforms for the exchange and management of digital assets.
5. Colombia: Rapid Adoption
In Colombia, Binance controls 38% of the market. The country has seen rapid growth in the use of cryptocurrencies, driven by increasing digitalization and the search for economic alternatives.
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