Argentina has emerged as the top market on Binance — one of the world’s largest crypto exchanges — in terms of the number of visitors.
Cryptocurrency adoption in Argentina has been setting records in the Americas as the local inflation rate skyrockets.
Argentina has been leading the Western hemisphere in cryptocurrency adoption with a 276% annual inflation rate, according to analysts from the American business magazine Forbes.
Crypto adoption in Argentina is higher as a share of its global population than any other country in the Western hemisphere, Forbes analysts reported in an article on July 8. Out of 130 million visitors to 55 of the largest exchanges worldwide, 2.5 million came from Argentina, the report noted, citing website data from Similarweb.
