THE CRYPTOCURRENCY MARKET DOUBLE IN THREE COUNTRIES: ONE OF THEM IS
SOUTH AMERICAN

HASTARA BANK S.A.
2 min readApr 6, 2022

A report by Gemini indicates that the number of people holding
cryptocurrencies has doubled in Brazil, while similar numbers have
been detected across Latin America.

The cryptocurrency market continues to grow exponentially and this is
reflected in a new report which indicates that the number of people
who have some type of investment made in crypto assets has doubled
across the world -and especially in three specific regions-.

This is indicated by research conducted by Gemini, a cryptocurrency
exchange founded by Cameron and Tyler Winklevoss (Facebook’s first
investors). It was conducted with over 30,000 people in 20 different
countries between November 2021 and February 2022, while it was
published in the “2022 Global State of Crypto” article shared with
Cointelegraph last Monday.

Among the most striking findings is the fact that cryptocurrencies
have skyrocketed especially in 2021 in countries such as India, Brazil
and Hong Kong -with more than half of respondents from these regions
starting to invest in this market during 2021-.

As explained, the number of respondents rose to 54% in India and 51%
in Brazil and Hong Kong, something that is reflected in the regional
results of Latin America (LATAM) and Asia-Pacific (APAC) -46% and 45%
respectively, said have bought their first cryptocurrency in 2021-.

The result in the US and Europe was also similar, with 44% of US
respondents and 40% of Europeans saying they started investing in the
last year.

BRAZIL AND LATAM AMONG THE MOST INVESTORS BY POPULATION

On the other hand, Gemini also explained that Brazil and Indonesia are
the countries with the highest proportion of cryptocurrency investors
among the general population worldwide.

Specifically, the report highlighted that 41% of respondents in these
countries claimed to own some cryptocurrency — compared to just 20% in
the United States, 18% in Australia and 17% in Europe.

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