Brazil | 2021

Cryptocurrency adoption in Brazil in 2021

4.9

%

of Brazilians
own cryptocurrency

How many cryptocurrencies owners are there in Brazil?

It is estimated that over 10 million people, 4.9% of Brazil’s total population, currently own cryptocurrency.¹

Cryptocurrencies Ownership Demographics in Brazil

92% of Brazilian cryptocurrencies users are male, and regardless of gender, 40% of cryptocurrencies holders are 20 to 25 years old. The other age groups 26-30 and 31-40 respectively represent 20%.(2)

Brazil – the next South American cryptocurrencies hub?

Brazil is the fifth country in the world in terms of the number of cryptocurrency owners. Brazil leads South America in terms of cryptocurrency-active owners, ahead of Colombia (7.7%), Mexico (5.9%) and Argentina (4%).(3)

Cryptocurrencies’s rising popularity in Brazil

  • Bitcoin.com: Bank of Brazil Becomes the First State-Backed Bank to Allow… – April 2021
    According to a letter sent by Hashdex to its clients, the state-backed banking institution will be able to offer its customers the possibility of buying the cryptocurrencies ETF of Hashdex, which will have the ticker “HASH11.” That said, the Bank of Brazil’s customers could have exposure by investing in the fund, which will replicate the Nasdaq Cryptocurrencies Index (NCI).
 
 
  • Investable Universe: Latin America’s Largest Cryptocurrencies Exchange Eyes Global… – January 2021
    Latin America’s largest cryptocurrency exchange, Mercado Bitcoin of Brazil, announced that it has received a new investment round of BRL 200 million (about $37 million). Led by Brazilian private equity firm GP Investimentos and early stage VC Parallax Ventures, the new funding round will help Mercado Bitcoin to scale across Latin America, and to invest in its Bitrust qualified custodian offering for large institutional investors, and its digital wallet product, Meubank.
 
 
 

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