Latin America’s centralized crypto exchanges have grown from niche platforms in critical financial infrastructure in three years, with flows rising nine times, according to new research.
The Dune Research Report revealed The 2021 annual flow of crypto exchange in the region costs $ 3 billion. In 2024, the total exchange flow for Latam reached $ 27 billion, up to 800%, which signed strong digital digital ownership.
In its early years, the activity of Latam Crypto was moderate by global standard. However, a fragment ecosystem of small brokers and over-the-counter (OTC) The desks have grown in the combined exchange that serves retail and institutional clients.
According to Dune Analytics, the flow from early 2021 to mid-2025 through latm-based platforms based on platforms showed a clear arc of “maturity growth and aggregation.”
The will remains the most dominant exchange of latam by the flows
Since 2021, the Crypto Exchange Bass has been leading the Latin American market. At this time, the exchange processes more than $ 2 billion in flows, more than 66% of all regional flows.
In 2024, the exchange processed more than $ 25.2 billion in flow, or 1,160% growth in three years. Part of the exchange flows grew by 93% at the same time.
Aside from the mass, players like Mercado Bitcoin and Lemon Cash have also seen an increase in exchange flows. The Dune report also emphasized that the flow of flow occurred without a long bull.
“Critical, this growth has come without a long bull market, reflecting a move towards real-world utilities such as cross-border commerce, remittance settlements, and currency hedging,” Dune said.
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Ethereum costs more than $ 45.5 billion in general flow since 2021
The report has shown that Ethereum -based transfers have led the market. From January 2021 to July 2025, network transfers reached more than $ 45.5 billion. This amount is approximately 75% of all recorded flow throughout the season.
The report said that Tron’s rank was second in terms of transfer, with over $ 12.5 billion. The report said it was more driven by cheap tether (USDT) transfer to the network.
Like Tuesday, Tron holds the largest USDT value, with $ 81.8 billion in tokens that moves -transfer to the network, According to To Tether. Ethereum follows $ 80.3 billion.
Solana ranked the third in Latam with $ 1.45 billion in total flow, while the polygon complies with $ 1.17 billion.
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