- Bitso’s report reveals a 15% annual progress in Mexican cryptocurrency customers, with Bitcoin dominating purchases.
- Bitcoin accounted for 55% of common wallets and 30% of crypto purchases in Mexico, main different nations.
Bitso, a significant cryptocurrency platform, not too long ago launched its “Crypto Outlook in Latin America: First Semester 2024” report, detailing the use and possession of cryptocurrencies amongst Mexicans. The report notes a 15% year-over-year improve in consumer numbers in Mexico, with Bitcoin being essentially the most bought cryptocurrency, accounting for 30% of complete crypto transactions.
🚀 El nuevo informe de tendencias cripto está aquí.
Descubre cómo los mexicanos diversificamos nuestra cartera en 2024. 🇲🇽
En este reporte analizamos el comportamiento de compra y tenencia de nuestros usuarios.
😏 ¿Qué criptos estamos eligiendo? Chécalo aquí. pic.twitter.com/FZCtEFGgBg
— Bitso (@Bitso) August 22, 2024
The evaluation emphasizes Bitcoin’s main function throughout all areas the place Bitso operates, reflecting its established standing as a dependable funding and financial savings possibility. Whereas Bitcoin is predominant, different cryptocurrencies are most well-liked in a different way throughout areas relying on native circumstances and preferences.
As we beforehand reported on Crypto Information Flash, particularly in Mexico, Bitcoin includes 55% of the common pockets composition and 30% of crypto purchases. Brazil follows with 24%, Colombia with 19%, and Argentina with 12%. The worth of Bitcoin noticed a considerable rise, rising by 108% by mid-2024, thus reinforcing its market presence.
The report by Crypto Information Flash, additionally highlights a constructive shift in gender range amongst Bitso customers in Mexico, the place feminine participation elevated from 22% to 27% over the previous six months, marking a progress of over 20% in complete feminine customers.
Moreover, in accordance with a Deloitte monetary inclusion report, the gender hole in financial savings accounts has widened inside conventional banking however narrowed throughout the cryptocurrency sector.
The predominant age demographic participating with cryptocurrencies is between 25 and 34 years, making up 37% of customers in Mexico and related proportions regionally.
There may be additionally a notable improve in cryptocurrency adoption amongst older ladies, with these aged 55 to 64 sustaining a 41% participation charge, and people over 65 rising to 44%.
Aside from Bitcoin, Mexican customers have a diversified portfolio, with 39% holding greater than three varieties of digital belongings. Stablecoins like USDC and USDT rank second in buy quantity, pushed by fluctuations within the greenback’s worth and their attractiveness attributable to a 4% annual yield provided on Bitso.
Supply: Bitso Mexico
Total, whereas the pockets compositions of Mexican customers have remained steady, Bitcoin has barely elevated its presence, Ethereum and different altcoins have seen slight will increase, and holdings of Ripple’s XRP have decreased.