New Study: Nearly 20% of Argentines Now Own Cryptocurrency
Argentina has emerged as Latin America’s leading nation for cryptocurrency adoption, with nearly one in five citizens holding digital assets, according to a recent Rankings Latam report.
The study revealed that 19.8% of Argentines own crypto, surpassing Brazil’s 18.6% and leaving El Salvador—despite its Bitcoin-friendly policies—below the 15% threshold.
The report highlights that crypto ownership across the region is heavily concentrated, with Argentina, Brazil, Chile, Colombia, Mexico, and Peru accounting for more than 85% of all holders.
Analysts attribute this trend largely to the economic instability and restricted access to traditional banking that persist in several countries. Rankings Latam noted that such environments tend to fuel not only higher adoption rates but also faster growth in digital finance solutions.
Bitso Argentina’s General Manager, Julian Colombo, believes the country’s deep-rooted distrust in traditional finance has played a pivotal role in this surge. “The legacy of currency controls, repeated restrictions, and unpredictable regulatory changes has shaped public sentiment,” he explained, adding that this climate makes cryptocurrencies an appealing alternative for savings and transactions.
Argentina’s crypto boom has also attracted international attention. In July, a delegation of U.S. lawmakers visited Buenos Aires to engage with industry leaders and regulators. Their discussions centered on the nation’s approach to taxing crypto assets, as well as recent advances in stablecoin oversight and exchange regulations—policies that some believe could serve as a reference point for other countries seeking to foster crypto growth.
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Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
