In Latin America, there has been a notable increase in the number of institutional crypto investors, leading to greater diversification of their portfolios and risk levels. Alejandro Juraidini, director of institutional relations at Bitso, highlighted this phenomenon and pointed out that investors are seeking specific ways to diversify.
Regarding user behavior in various countries in the region, a 13% increase in the number of clients in Mexico was recorded. Of these, 28% invest in four or more cryptocurrencies, 13% have three, while 20% and 38% only operate with two or one digital currency. According to Tungjen García, communication manager of Bitso in Mexico, there is a trend towards diversification of investments in cryptocurrencies.
Argentina also showed an 11% increase in the number of registered users in 2023, while Brazil and Colombia experienced a 6% increase equally. Institutional backing and trust in the crypto ecosystem have been key factors driving the industry.
During the year 2024, the cryptocurrency industry in Latin America added 9 million new users, representing a regional growth of 12% compared to 2023. This increase is attributed to investors building more structured portfolios with digital assets. Juraidini noted that this growth could encourage greater institutional participation.
However, there is a reduction in Bitcoin exposure in portfolios, decreasing from 59% the previous year to 50% in 2024. According to Juraidini, this reflects the maturity of investors exploring new possibilities in the world of cryptocurrencies in search of greater opportunities and profits, although it also implies higher risk. The approval of Bitcoin ETFs and regulatory actions in the United States are placing the entire crypto ecosystem on the radar of countries.
