Despite the country’s economic struggles, Argentina has seen a surge in cryptocurrency adoption.
Argentina is experiencing record-breaking cryptocurrency adoption as its inflation rate continues to skyrocket, according to analysts at Forbes.
According to experts at Forbes, Argentina is leading the Western hemisphere in terms of cryptocurrency adoption, with an annual inflation rate of 276%.
As of July 8, the country has the highest percentage of its population using cryptocurrencies compared to any other country in the region, with an estimated 2.5 million visitors to 55 of the world’s largest exchanges coming from Argentina, according to data from Similarweb.
Argentina is also the top market on Binance, a major global cryptocurrency exchange, with website traffic from the country accounting for 6.9% of all visits.
