Altcoins News

Story: Latin American Users Buy More XRP Than Ethereum, Solana – Bitso Report

By Evie Vavasseur

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XRP’s Rise in Latin America. The report revealed that XRP accounted for 9% of all crypto purchases made on the Bitso platform…

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Surge in XRP’s Acquisition Despite Platform Activity Dip. Despite a general slowdown in activity on Bitso, the acquisition of XRP significantly increased…

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Mexican Users Lead XRP Purchases. The report also revealed that Mexican users were particularly fond of XRP, purchasing the most of…

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Evolving Portfolio Composition. One of the most significant trends highlighted by the report was the shift in Latin American…

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The Impact of Regulatory Developments. The report from Bitso also suggests that regulatory developments in the crypto space may have…

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Bitso’s Role and Ripple’s Impact. As a long-standing Ripple partner, Bitso has been instrumental in fostering the growth of XRP in…

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Conclusion. Bitso’s 2024 report highlights a significant shift in the preferences of Latin American crypto…

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A recent report from Bitso, a prominent crypto platform and long-standing partner of Ripple, has shed light on the growing interest in XRP among Latin American users.

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XRP’s popularity within Latin America can be attributed to several factors, including potential regulatory clarity and its strong performance in the market.

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However, XRP’s remarkable 9% share of all purchases signaled its prominence in the region, outpacing coins like PEPE, which only accounted for 6%.

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The report also revealed that Mexican users were particularly fond of XRP, purchasing the most of the token among all Latin American countries.

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This shift reflects a growing recognition of XRP as a valuable digital asset, especially after a stellar performance in 2024.

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The growth of XRP in Latin America also underscores the potential of Ripple’s technology in the region.

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