Latin America’s crypto landscape has shown a distinct preference for centralized exchanges (CEXs) over decentralized exchanges (DEXs), according to a recent report released by blockchain analytics firm Chainalysis.
This unique trend, as outlined in the report, has positioned the region as a significant player in the global crypto economy, despite its relatively lower ranking compared to regions like the Middle East and North America (MENA), Eastern Asia, and Eastern Europe.
The report underscored that Latin America exhibited the highest inclination toward centralized exchanges when compared to other regions. While highlighting this preference, the report also pointed out the region’s deviation from extensive institutional activity.
Centralized Exchanges And Crypto Adoption In Latin America
In the wake of the COVID-19 pandemic that gripped the globe in 2020, the role of cryptocurrencies gained prominence, especially in Latin American nations. The report emphasized the vital rol
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