CandleFocus Cryptocurrency Transactions' Volumes Spike Nearly 25% in Brazil
2024-10-22
Author: Content Editor
In Brazil, cryptocurrency transactions have reached a record high, with volumes growing by 24.2% compared to the previous year. From January to September 2024, the total volume reached over $43.5 billion. Stablecoins, especially Tether's USDT, played a significant role, accounting for 62% of all the volumes traded during this period. Cryptocurrency exchanges reported most of the transactions, while international brokers and individuals reported a smaller portion.
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