Latin America recorded $730 billion in crypto volume in 2025. Across the region, 57.7 million people now own some form of digital currency rankingslatam, a base that is growing faster than anywhere else in the world

As institutional capital arrives and regulation matures, these are the publicly traded names investors are watching closest.

Why LATAM is a crypto powerhouse right now

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Top LATAM crypto stocks to watch

1. Nu Holdings (NYSE: NU)

Digital banking · 127M users across Brazil, Mexico and Colombia

Nubank could be one of the most direct listed proxies for LATAM's fintech and crypto boom. The company integrated cryptocurrency trading directly into its Nu app and partnered with Lightspark to embed the Bitcoin Lightning Network for faster and more cost-effective Bitcoin transactions. 

In Q3 2025, revenue jumped 42% year-on-year to $4.17 billion, customer deposits rose 37% to $38.8 billion, and gross profit was up 35% to $1.81 billion. 

The stock has returned roughly 36% over the past year and tripled the S&P 500's returns over the last three years. The company dominates Brazil, with over 60% of the adult population using Nubank.

Nu Holdings also recently secured conditional approval to launch Nubank N.A., a US national digital bank. However, the announcement triggered a pullback, with investors cautious about capital deployment timelines and expansion costs. 

UBS has lowered its price target to $17.20, citing some market caution despite positive operational shifts.

What to watch 

• Credit quality trends in Brazil and Mexico.
• Pace of USDC adoption via Nubank rewards.
• US bank charter timeline and early cost disclosures.

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2. MercadoLibre (NASDAQ: MELI)

E-Commerce/Fintech · 18 countries across Latin America

MercadoLibre is not a pure crypto play, but Mercado Pago (its fintech arm) has become one of the most important financial rails in LATAM. The company holds around 570 BTC on its balance sheet as a hedge against regional inflation, and has issued its own US dollar-pegged stablecoin, Meli Dólar.

Full year 2025 net revenue from Mercado Pago reached $12.6 billion, up 46% year-on-year, while total payment volume hit $278 billion, up 41%. Fintech monthly active users have grown close to 30% for ten consecutive quarters, and the credit portfolio nearly doubled to $12.5 billion year-on-year.

The catch for MercadoLibre is profitability. Overall margin compression of 5–6% is attributed to persistent investments in free shipping, credit card expansion, first-party commerce, and cross-border trade. 

The stock has declined around 14.5% over the past six months, with the market repricing the stock around what management has framed as a deliberate investment phase heading into 2026.

The longer-term case remains compelling. Mercado Pago has introduced crypto-asset management and insurance products across its core markets, positioning it less as an e-commerce company and more as a full-scale digital bank with crypto infrastructure built in.

What to watch

• Mercado Pago loan loss trends and credit portfolio quality.
• Stablecoin integration and crypto volume through its payment network.
• Whether the Argentina credit card launch can reach profitability.

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3. Méliuz (B3: CASH3.SA)

Fintech/Bitcoin treasury · Brazil's first listed Bitcoin treasury company

Méliuz is the most direct equity expression of the corporate Bitcoin treasury trend in LATAM. In early 2025, Méliuz became the first publicly traded company in Latin America to formally adopt a Bitcoin treasury strategy, receiving shareholder approval to allocate cash reserves toward Bitcoin accumulation.

Rather than issuing cheap dollar-denominated debt to buy BTC, Méliuz uses share issuance and operational cash flow. The company also sells cash-secured put options on Bitcoin to generate yield, a playbook borrowed from Japanese Bitcoin treasury firm Metaplanet, keeping 80% of BTC holdings in cold storage

CASH3 essentially acts as a leveraged vehicle for BTC exposure, capturing upside intensely in bull cycles, but generating greater volatility on the way down, especially where debt is involved.

The stock surged approximately 170% in May 2025 following the announcement of the Bitcoin strategy. However, it has since pulled back to its April 2025 levels, broadly tracking Bitcoin's price action and highlighting the stock's volatility.

What to watch

• Bitcoin price direction.
• BTC per share metric.
• Expansion of yield-generation strategies
• Any moves to list shares internationally.

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4. OranjeBTC (B3: OBTC3.SA)

Pure-play Bitcoin treasury · LATAM's largest corporate Bitcoin holder

Where Méliuz is a fintech business that also holds Bitcoin, OranjeBTC is the opposite: a company whose entire purpose is Bitcoin accumulation. 

The company listed on B3 in October 2025 through a reverse merger with education firm Intergraus, marking Brazil's first public debut of a firm whose business model centres entirely on Bitcoin accumulation.

OranjeBTC currently holds over 3,650 BTC and raised nearly $385 million in Bitcoin, with backing from notable investors including the Winklevoss brothers, Adam Back, FalconX, and Ricardo Salinas. 

Its $210 million financing round was led by Itaú BBA, the investment arm of Brazil's largest bank, in a significant vote of institutional confidence.

In 2026, OBTC3 has fallen around 32% year-to-date, making it the hardest-hit of the two Brazilian Bitcoin treasury stocks. The stock hit an all-time high of 29.00 BRL on its listing day (October 7, 2025) and an all-time low of 6.06 BRL in February 2026. 

It currently trades around 7.06 BRL, a steep discount to its debut, but one that closely mirrors Bitcoin's own pullback from peak levels.

OranjeBTC is the most volatile name on this list and should be treated as a high-beta Bitcoin vehicle. Liquidity is thinner than established names.

What to watch

• Bitcoin per share trajectory.
• Any capital raises or new BTC purchases.
• Potential international listing ambitions.
• How the market-value net asset value (mNAV) discount/premium evolves relative to Bitcoin's price.

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5. Hashdex — HASH11 (B3: HASH11)

Crypto Asset Management · Brazil's leading crypto ETF issuer

Hashdex offers a different kind of exposure to crypto. Rather than a single company's balance sheet or business strategy, HASH11 is a diversified basket of crypto assets wrapped in the familiarity of a regulated Brazilian ETF structure. 

Brazil hosts 22 ETFs offering full or partial exposure to crypto assets, with Hashdex funds attracting 180,000 investors and daily transaction volumes averaging R$50 million. 

Hashdex launched the world's first spot XRP ETF (XRPH11) on Brazil's B3 in April 2025, tracking the Nasdaq XRP Reference Price Index and allocating at least 95% of net assets to XRP. 

The company also operates single-asset ETFs for Bitcoin (BITH11), Ethereum (ETHE11) and Solana (SOLH11), alongside its flagship HASH11 multi-asset index fund. 

In mid-2025, Hashdex launched a hybrid Bitcoin/Gold ETF (GBTC11) that dynamically adjusts allocations between the two assets.

For investors who want diversified crypto market exposure rather than single-asset risk, HASH11 is the most accessible on-ramp through Brazil's regulated equity infrastructure. 

However, as a multi-asset crypto index, HASH11 is still subject to the broad performance of digital asset markets. And unlike the equity names on this list, there is no operating business creating independent value.

What to watch

• Crypto market sentiment broadly.
• Potential expansion of Hashdex products into the US market. 
• AUM growth as institutional adoption accelerates in Brazil.
• Relative performance of HASH11 vs single-asset alternatives.

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‍What to watch next

Institutional infrastructure is still in early innings — Deutsche Börse's Crypto Finance Group entered LATAM in early 2026, and local exchanges have opened over 200 BRL-denominated trading pairs since 2024. The pace of that buildout will set the tone for all five names.

Regulatory progress in Brazil, Mexico, and Chile is the key enabler for the next wave of capital. Any setbacks would hit the higher-beta names like OBTC3 and CASH3 hardest.

Stablecoin volume is the region's most reliable real-time signal. Despite a global slowdown in early 2025, LATAM still recorded $16.2 billion in trading volume between January and May, up 42% year-on-year. Watch whether that momentum holds — a reacceleration lifts all five; a reversal pressures them equally.

From AI infrastructure to pet care, semiconductors, and gold exploration, here are the five top candidates most likely to list on the ASX in 2026.

What is an Initial public offering (IPO)?

1. Firmus Technologies

Firmus Technologies is building AI-powered data centre infrastructure in Tasmania, and it may be one of the most strategically positioned tech companies in Australia right now.

Firmus is an Nvidia Cloud Partner and has joined the GPU maker's Lepton marketplace. The company has designed its modular, liquid-everywhere AI Factory platform to evolve with Nvidia's latest architectures, including Nvidia Spectrum-X Ethernet networking.

A September 2025 raise of A$330m closed at a post-money valuation of A$1.85 billion for the company. By November 2025, after a further A$500m raise, that valuation had trebled to approximately A$6 billion. 

A subsequent A$100m investment from Maas Group in early 2026 confirmed the November valuation. Firmus is reported to be contemplating an ASX IPO within the next 12 months and, given the A$6 billion private valuation, any public raise is expected to be well above A$1 billion.

With Australia's growing demand for sovereign AI compute capacity and Tasmania's cool climate and renewable energy advantage for large-scale data centre operations, Firmus stands as one of the largest-scale ASX IPO candidates in 2026.

However, although market interest in Firmus appears to be growing, timing is everything when it comes to IPOs. Watch for confirmation of exact IPO timing, AI data centres sentiment, and whether Nvidia signals deepening its involvement as a strategic anchor investor post-listing.

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2. Rokt

Sydney-founded Rokt has quietly become one of Australia's most valuable private tech companies. The e-commerce adtech platform aimed at helping brands monetise the “transaction moment” is now valued at ~US$7.9 billion.

A term sheet prepared by MA Financial projected an exit share price of US$72 under base-case scenarios, when shares are freed from escrow in November 2027. 

Rokt is expected to potentially dual-list in the US and on the ASX in 2026, possibly as soon as the first half of the year. IG The most widely discussed structure is a primary Nasdaq listing with an ASX CDI (CHESS Depositary Interest) structure for Australian investors, rather than a full dual listing.

Rokt’s revenue for the year ending August 2025 is projected at US$743m (up 48% year-over-year), with EBITDA forecast at US$100m and a gross profit margin of approximately 43%. It is currently projected to cross the $US1 billion annual revenue milestone by August 2026.

Amazon, Live Nation, and Uber are all reported to be Rokt customers, and the company has expanded rapidly across North America and Europe.

Whether Rokt opts for a primary Nasdaq listing with an ASX CDI structure, or a full dual listing, could significantly affect liquidity and local investor access.

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3. Greencross

Greencross, the business behind Petbarn, City Farmers, and Greencross Vets, is preparing to relist on the ASX after being taken private by US private equity firm TPG in 2019. 

TPG currently owns 55% of Greencross, while AustralianSuper and the Healthcare of Ontario Pension Plan (HOOPP) hold the remaining 45%. 

The company reported revenue of A$2 billion for the 2025 financial year, a modest increase from A$1.95 billion in 2024. TPG paid A$675 million in equity value for the business in 2019; it sold a 45% stake in 2022 at a valuation of more than A$3.5 billion. The proposed IPO implies a valuation of more than A$4 billion.

TPG is targeting an initial public offering of at least A$700 million. The IPO will mark Greencross's return to the ASX after an eight-year absence. TPG's relatively small raise size suggests the firm is banking on strong aftermarket performance before fully exiting.

TPG's exit timeline announcement is still a watch for whether a 2026 IPO is on the cards. And whether the company pursues a traditional IPO or a trade sale, which remains an alternative path.

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4. Morse Micro

Morse Micro is a Sydney-based semiconductor company developing Wi-Fi HaLow chips designed for IoT applications across agriculture, logistics, smart cities, and industrial monitoring.

Morse Micro held a Series C round in September 2025, raising US$88 million, followed in November 2025 by a US$32 million pre-IPO raise, taking total funding to over A$300 million. 

It is targeting an ASX listing in the next 12–18 months. The Series C was led by Japanese chip giant MegaChips and the National Reconstruction Fund Corporation.

Global IoT device connections forecast to exceed 30 billion by 2030, and Morse Micro would be a rare ASX-listed pure-play semiconductor company, which could attract significant interest from tech-focused fund managers.

Morse Micro’s Revenue traction with tier-one hardware partners ahead of listing is a watch, and whether the company seeks a concurrent US listing given the depth of US semiconductor investor appetite.

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5. Bison Resources

Bison Resources is a newly incorporated US-focused gold and precious metals explorer currently in the middle of its ASX IPO. 

The offer closes on 20 March 2026, with an ASX listing targeted for mid-April 2026. At an indicative market capitalisation of A$13.25 million on full subscription, Bison is the most speculative name on this list by a significant margin.

The company holds four exploration projects in north-east Nevada, within the Carlin Trend (one of the world's most prolific gold-producing belts), responsible for approximately 75% of US gold output. 

The IPO seeks to raise A$4.5 to A$5.5 million (22.5 to 27.5 million shares at A$0.20 per share). The team has prior experience at Sun Silver (ASX: SS1) and Black Bear Minerals, giving it a track record in ASX junior mining listings out of Nevada.

Global IPOs: What are the biggest IPOs happening globally in 2026?

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Bottom line

Australia's 2026 IPO calendar spans the full risk spectrum. A Nvidia-backed AI infrastructure play, a billion-dollar e-commerce platform, and a junior gold explorer with its IPO already underway. 

Each candidate reflects a different stage of maturity and a different investor profile. Together, they suggest the ASX could see a meaningful injection of new listings across sectors that have been largely absent from the local market in recent years.

The latest move in oil has put energy names back in focus. Over the past six months, Exxon Mobil and Baker Hughes have outperformed Brent crude on a normalised basis, Chevron has remained broadly constructive, SLB has lagged the commodity and Woodside's broker consensus has been more measured.

When crude moves, the impact rarely stays contained to the commodity itself. Higher oil prices can affect inflation expectations, shipping costs and corporate margins across the global economy.

What the latest move is showing

There are three broad ways companies can benefit from firmer oil prices:

1. Producing oil and gas, by selling the commodity at a higher price

2. Providing services and equipment to producers

3. Transporting oil around the world

Each of the names below represents one of those exposure types, with a different risk profile when crude rises.

1. Exxon Mobil (NYSE: XOM)

Over the past six months, Exxon Mobil has outperformed Brent crude, with its share price up nearly 35% compared with about 30% for Brent. As of 11 March 2026, both were trading just over 3% below their all-time highs, while Exxon remained closer to its 52-week high.

Exxon Mobil is one of the world's largest integrated oil companies, with exposure spanning exploration, production, refining and chemicals. When oil prices rise, its upstream business may benefit from wider margins, while its scale and diversification can help cushion weaker parts of the cycle.

Exxon Mobil (XOM) vs. Brent Crude 3-month performance

Analyst consensus: Buy

According to TradingView data, analyst sentiment towards Exxon is broadly positive. Of the 31 analysts tracked, 15 rate the stock Strong Buy or Buy, 13 rate it Hold, 1 rates it Sell and 2 rate it Strong Sell.

That positive view is linked to Exxon's balance sheet strength and higher-margin production. The most optimistic analysts project a 1-year price target as high as US$183.00. The average price target is US$145.00, which sits about 3.6% below the current trading price.

2. Chevron (NYSE: CVX)

Chevron is another global integrated major that has benefited from the recent move higher in crude, with its shares trading near 52-week highs. Like Exxon, Chevron operates across the value chain, including upstream production, refining and marketing.

Chevron's completed acquisition of Hess adds Guyana and other upstream assets, which some analysts see as supportive over time. That said, the earnings impact remains subject to integration, project execution and commodity price risks.

Exxon Mobil vs Chevron performance, 6-month chart

Analyst consensus: Buy

Chevron is viewed similarly to Exxon, with broker sentiment remaining broadly constructive. Recent TradingView aggregates show 30 analysts covering the stock over the past three months, with 17 rating it Strong Buy or Buy, 11 at Hold, 1 at Sell and 1 at Strong Sell.

Analysts have highlighted Chevron's diversified portfolio and the potential contribution from Hess, although commodity price volatility and execution risk may keep some more cautious.

3. SLB (NYSE: SLB)

SLB, previously known as Schlumberger, is one of the world's largest oilfield services and technology providers. It supplies tools, equipment and software that help producers find, drill and complete wells more efficiently.

Over the past six months, SLB has lagged Brent crude, with the share price trading in a choppier range and remaining below its recent peak. That suggests the stronger oil backdrop has not been fully reflected in the share price.

That pattern is not unusual for oilfield services companies, where customer spending decisions often follow moves in the underlying commodity rather than move in lockstep with them. Any future re-rating would depend on factors including producer capital spending, contract timing, service pricing, offshore activity and broader market conditions. A firmer oil price should not be assumed to translate automatically into a firmer SLB share price.

SLB vs Brent crude, 1-month normalised performance

Consensus: Buy

According to TradingView data, third-party analyst consensus on SLB is Buy. Of the 33 analysts covering the stock, 27 rate it Strong Buy or Buy, 4 rate it Hold and 2 rate it Sell or Strong Sell.

That indicates constructive broker sentiment, although the gap between oil prices and SLB's recent share-price performance suggests investors may still want clearer evidence of improving service demand and pricing before the stock fully reflects the stronger commodity backdrop.

4. Baker Hughes (NASDAQ: BKR)

Baker Hughes is another major oilfield services and equipment provider, with additional exposure to industrial segments such as LNG and power infrastructure. Even when oil prices are not at extreme highs, advances in drilling technology and lower break-even costs have helped keep many shale plays profitable, supporting demand for its services.

The company has also been described as well positioned because of its balance sheet and its exposure to ongoing exploration and production activity. In a period of higher, or even stable-to-firm, oil prices, that mix of services and energy technology may create several revenue drivers.

Over the past six months, Baker Hughes has materially outperformed Brent crude on a normalised basis. Brent traded in a much tighter range for most of the period before moving higher late, while BKR climbed more steadily and reached a significantly stronger cumulative gain. That suggests BKR's share price benefited not only from the backdrop in oil, but also from company-specific optimism and broader support for oilfield services and energy technology names.

BKR vs Brent crude, 6-month normalised performance

Analyst consensus: Buy

According to TradingView data, Baker Hughes is categorised as Strong Buy. Based on 25 analysts who provided ratings over the past three months, 16 rated the stock Strong Buy, 3 rated it Buy, 4 rated it Hold, 1 rated it Sell and 1 rated it Strong Sell.

Overall, broker sentiment towards Baker Hughes is broadly positive, with more than three quarters of covering analysts rating the stock either Strong Buy or Buy, while most of the remainder were at Hold. That supportive analyst view appears to reflect BKR's exposure to both traditional oilfield services and broader energy and industrial technology markets, including LNG infrastructure.

5. Woodside Energy (ASX: WDS)

Woodside Energy gives the list an Australia-based producer with significant exposure to LNG and oil markets. Its earnings are closely tied to realised commodity prices, which makes the stock sensitive to shifts in crude and gas pricing, as well as broader global energy demand.

Compared with some of the larger US energy names, broker sentiment towards Woodside appears more measured. Investors are balancing the company's global LNG exposure and leverage to stronger energy prices against softer recent realised prices, project and execution risks, and longer-term regulatory and decarbonisation pressures.

Analyst consensus: Hold

According to TradingView data, Woodside is rated Neutral/Hold. Of 15 analysts, 2 rate it Strong Buy, 4 rate it Buy, 7 rate it Hold, 1 rates it Sell and 1 rates it Strong Sell.

The average 12-month price target is A$29.20 versus a current price of about A$30.28, implying downside of roughly 3.6%. Relative to the larger US energy names in this list, that points to a more cautious broker view.

6. Global oil tanker operators

Oil tanker companies can benefit when firmer oil prices, OPEC+ policy shifts and geopolitical tension increase long-distance shipments and disrupt usual trade routes. When oil volumes travel further, 'tonne-mile' demand can support tanker day rates and profitability even when the broader energy market is volatile.

Analyst consensus: N/A

This is a broader industry category rather than a single publicly traded stock, so there is no single broker consensus to cite. Analyst views would need to be assessed at the company level, such as Frontline plc (FRO), Euronav (EURN) or Scorpio Tankers (STNG).

More broadly, the sector is cyclical. Any benefit from tighter shipping markets can reverse if routes normalise, freight rates fall or supply increases.

Risks and constraints

Higher oil prices do not remove risk for these names.

• If prices rise too far, too fast, demand destruction and policy responses can weigh on future earnings.

• Political decisions from OPEC+ or other major producers can reverse a rally by increasing supply.

• Services and tanker companies are highly cyclical. When the cycle turns, pricing power can fade quickly.

• Company-specific issues, including project execution, realised pricing and capital spending, still matter.

Taken together, these names may benefit from firmer oil prices, but they also carry sector-specific, geopolitical and company-level risks that deserve close attention.

Key market observations

• Woodside provides LNG and oil exposure, although current broker sentiment is more neutral than for the larger US names.
• Tanker operators may benefit when freight markets tighten, though that trade remains highly cyclical and route-dependent.
• SLB and Baker Hughes may benefit if firmer oil prices translate into more drilling and completion activity, but the share-price response has been mixed.
• Exxon Mobil and Chevron offer direct exposure to stronger upstream margins, supported by diversified operations.

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^{References in this article to Exxon Mobil, Chevron, SLB, Baker Hughes, Woodside, tanker operators, analyst consensus ratings and price targets are included for general market commentary only and do not constitute a recommendation or offer in relation to any financial product or security. Third-party data, including consensus ratings and target prices, may change without notice and should not be relied on in isolation. Energy and shipping exposures are cyclical and can be materially affected by commodity price volatility, realised pricing, production changes, project execution, geopolitical disruptions, freight market conditions, regulatory developments and shifts in investor sentiment. Any views about potential beneficiaries of higher oil prices are subject to significant uncertainty.}