Why Brazil Is the Big Latin American Bet for Global Crypto Exchanges

Posted on by American Coins & Gold

Why Brazil Is the Big Latin American Bet for Global Crypto Exchanges
Amid a crypto boom in Brazil, several global exchanges see the country as Latin America’s main market in 2022.Binance, Coinbase, Crypto.com and other exchanges’ interest in Brazil has been growing as the region’s largest economy wrestles with significant economic imbalances.Brazil registered a 10% inflation rate in 2021 and a steady depreciation of the real against the U.S. dollar, which pushed the local currency from $0.25 in January 2020 to $0.18 this month.This article is part of CoinDesk Brasil, a brand-new partnership between CoinDesk and InfoMoney, one of Brazil’s leading financial news publications. Follow CoinDesk Brasil on Twitter.That cocktail of macroeconomic…