Bitso Report: XRP Rises as a Dark Horse in Latam Portfolios
Main Idea
Bitso's H1 2025 report highlights XRP's unexpected rise in Latin American crypto portfolios, surpassing other altcoins, while Bitcoin remains dominant and stablecoins see increased adoption due to economic instability.
Key Points
1. XRP climbed to 12% of all accounts custodied by Bitso, surpassing other cryptocurrencies like SOL and memecoins which are present in less than 5% of portfolios.
2. Bitcoin remains the dominant cryptocurrency in Latin America, comprising 46% of all purchases across the region, up from 39% in 2024.
3. Stablecoins USDC and USDT are evenly matched at 23% adoption, with USDT leading in Argentina (78% of crypto purchases) due to economic instability and preference for the U.S. dollar.
4. XRP adoption is stronger in countries where Bitcoin is weaker, such as Mexico (BTC 55% vs. XRP 13%) and Colombia (BTC 49% vs. XRP 10%).
5. Bitso attributes the rise in stablecoin adoption to their 24/7 availability and utility in real-world use cases amid economic challenges in the region.
Description
The H1 Crypto Landscape in Latin America report by Bitso found a surprising increase in XRP, Ripple’s digital asset, as part of Latam’s crypto portfolios. While bitcoin still accounts for more than half of the volumes held, XRP has dethroned ether to become the runner-up. Bitso’s Latam Crypto Report Shows XRP Picked up Steam Among
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