Annual crypto adoption development in Brazil 2020-2023, by metric

Published by
Raynor de Best,
Feb 4, 2025
Brazil's ranking in the world when it comes to crypto adoption based on transaction volume went down by two places between nine and 2023. Positioned well into the top 10 countries in the world in 2023, Brazil was estimated to be the number seven country for crypto transactions in both centralized as well as decentralized - such as Decentralized Finance (DeFi) - services. Brazilians used crypto noticeably more for P2P exchange, ranking at position 15 out of 146 in the world in 2023.

Crypto Adoption Index ranking of Brazil from 2020 to 2023, by metric

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Sources

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Release date

October 2023

Region

Brazil

Survey time period

July 2020 to June 2023

Special properties

Ranking (1 = highest, 146 = lowest); Weighted by purchasing power parity (PPP) per capita

Supplementary notes

All figures have been collected by Statista.

The source explains that its index is calculated using five different sub-indices, which are estimated using an individual country's cryptocurrency transaction volume in different situations. These estimates are based off web traffic patterns from individual websites that are used for such transactions and/or protocols.

Several changes were made to the source's methodology over the years. In 2022, the main change involved the inclusion of Decentralized Finance (DeFi) transaction volume. Centralized and Decentralized sub-indices both count equally to the overall index.

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Market share

6

Penetration

8

Biggest brands

8

Users

8

Transaction value

6

Number of transactions

7

Miscellaneous

6

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Topics

Digital payments landscape in BrazilMobile payments with digital walletsE-commerce in Latin AmericaE-commerce in BrazilA2A (account-to-account) payments
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