Brazil has consolidated its position as the world's largest crypto asset market, according to the latest Chainalysis report. Between July 2025 and June 2026, the country's transaction volume reached US$ 252.5 billion, representing 2.7% of the global total of US$ 9.4 trillion.
What drove Brazil's advance
Unlike more mature economies, Brazil stood out for a balanced distribution across different cryptocurrency uses. Local companies have increasingly turned to stablecoins for liquidity and international transfers, taking advantage of the regulatory clarity provided by the Central Bank.
The new rules for virtual asset service providers require robust governance, risk management and minimum capital. While pressuring smaller players, these rules increase market confidence, according to Julia Rosin, president of ABCripto.
Growth of national platforms
Brazilian exchanges increased their share of flows from 1.5% to 12.5% in the period analyzed. This movement contrasts with the rest of Latin America, where local platforms lost ground to foreign competitors.
Latin America in expansion
While global crypto activity fell 1.6%, the Latin American region recorded a 9.8% increase. Argentina (US$ 88.5 billion) and Mexico (US$ 77.6 billion) complete the regional podium, behind Brazil, which expanded its share in Latin America from 31.6% to 43.7%.
- Transfers below US$ 100 grew 78.4%
- Operations between US$ 100 and US$ 1 thousand advanced 58.6%
- International stablecoin flows jumped 77.5%, reaching US$ 220.3 billion
Change in market profile
The report indicates that retail remains active even in periods of low speculation. Everyday payments, remittances and currency hedging explain much of the use of stablecoins in the region, according to specialists from Bitso and the analyzed platform.