Mexico ranked in the top 20 in the world in 2023 in terms of crypto adoption based on transaction volume. This is according to estimates based on web traffic toward individual websites that are used to perform cryptocurrency transactions. Notable is that Mexico slightly prefers decentralized services - such as Decentralized Finance (DeFi) over centralized services. Mexicans also increasing used crypto for P2P exchange, ranking at position 30 out of 146 in the world.
Crypto Adoption Index ranking of Mexico from 2020 to 2023, by metric
Rank of individual weighted metrics feeding into index
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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Chainalysis, & Statista. (October 2, 2023). Crypto Adoption Index ranking of Mexico from 2020 to 2023, by metric [Graph]. In Statista. Retrieved February 16, 2025, from https://www.statista.com/statistics/1362096/cryptocurrency-adoption-index-mexico/?__sso_cookie_checker=failed
Chainalysis, und Statista. "Crypto Adoption Index ranking of Mexico from 2020 to 2023, by metric." Chart. October 2, 2023. Statista. Accessed February 16, 2025. https://www.statista.com/statistics/1362096/cryptocurrency-adoption-index-mexico/?__sso_cookie_checker=failed
Chainalysis, Statista. (2023). Crypto Adoption Index ranking of Mexico from 2020 to 2023, by metric. Statista. Statista Inc.. Accessed: February 16, 2025. https://www.statista.com/statistics/1362096/cryptocurrency-adoption-index-mexico/?__sso_cookie_checker=failed
Chainalysis, and Statista. "Crypto Adoption Index Ranking of Mexico from 2020 to 2023, by Metric." Statista, Statista Inc., 2 Oct 2023, https://www.statista.com/statistics/1362096/cryptocurrency-adoption-index-mexico/?__sso_cookie_checker=failed
Chainalysis & Statista, Crypto Adoption Index ranking of Mexico from 2020 to 2023, by metric Statista, https://www.statista.com/statistics/1362096/cryptocurrency-adoption-index-mexico/?__sso_cookie_checker=failed (last visited February 16, 2025)
Crypto Adoption Index ranking of Mexico from 2020 to 2023, by metric [Graph], Chainalysis, & Statista, October 2, 2023. [Online]. Available: https://www.statista.com/statistics/1362096/cryptocurrency-adoption-index-mexico/?__sso_cookie_checker=failed