How many crypto owners in Mexico?

It is estimated that over 4.4 million people, 3.4% of Mexico’s total population, currently own cryptocurrency.⁽¹⁾

How do Mexicans view crypto?

40% of Mexican companies are looking to adopt blockchain and cryptocurrencies in some form. Out of this segment, 71% are focused specifically on cryptocurrency usage.⁽²⁾

Mexico – next Latin America crypto hub?

Mexico’s leading crypto exchange, Bitso, recorded a 342% increase in trading volume in 2020. Bitso also announced it had surpassed 1 million users on its platform, of which 92% are Mexican.⁽³⁾

Crypto adoption across Mexico:

• “Mexico looks to bolster crypto regulations…”
  Mexico’s central bank Banxico says it is prepared to listen to feedback and suggestions from the industry before anything is signed into law.
• “Mexico leads Latin America’s retail crypto payments…”
  Mexican firms and individuals have reportedly processed 11% of all the retail payments made in crypto in Latin America.
• “Mexico is getting 8 new cryptocurrency exchanges…”
  Amero-Isatek will open its first physical cryptocurrency exchange in Mexico as part of a plan to expand into another seven locations across the country.
• “XRP crypto token bolsters US-Mexico payments…”
  Ripple, the firm behind the third largest cryptocurrency XRP, announced a new partnership with International Money Express (Intermex), a leading money transfer company focused primarily on Latin America.
• “Mexican companies launch crypto donation platform…”
  Mexican cryptocurrency exchange Bitso joined forces with the crowdfunding platform Donadora to launch a crypto-based donation system for families affected by the COVID-19 crisis.