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Amerika Latin (LATAM) melihat volume crypto lebih dari $730 miliar pada tahun 2025, lonjakan 60% tahun-ke-tahun yang membuat wilayah tersebut bertanggung jawab atas sekitar 10% dari aktivitas kripto global.
Pada tahun 2026, pemain institusional mulai menganggap serius kawasan ini, regulasi mengkristal, dan pendorong struktural dari 2025 tidak menunjukkan tanda-tanda memudar. Tetapi wilayah ini bukan cerita tunggal, dan 2026 akan menguji apakah momentum saat ini dibangun di atas fundamental yang solid atau optimisme spekulatif.
Fakta singkat
- Pengguna crypto aktif bulanan LATAM tumbuh 18% tahun-ke-tahun (YoY), tiga kali lebih cepat daripada AS.
- Argentina mencapai 12% penetrasi pengguna aktif bulanan, menyumbang lebih dari seperempat aktivitas kripto di kawasan itu.
- Lebih dari 90% arus kripto Brasil sekarang terkait stablecoin.
- Tiga negara LATAM berada di peringkat 20 besar global: Brasil (ke-5), Venezuela (ke-18), Argentina (ke-20).
- Unduhan aplikasi kripto Peru tumbuh 50% pada tahun 2025, dengan 2,9 juta unduhan.
Dari alat kelangsungan hidup hingga infrastruktur keuangan
Amerika Latin tidak merangkul cryptocurrency karena spekulasi. Ia memeluknya karena sistem keuangan tradisional berulang kali mengecewakan orang biasa. Selama 15 tahun terakhir, inflasi tahunan rata-rata di lima ekonomi terbesar di kawasan itu mencapai 13%, dibandingkan dengan hanya 2,3% di AS selama periode yang sama.
Di Venezuela, mencapai 65.000% dalam satu tahun. Di Argentina, itu melebihi 220% pada tahun 2024. Bagi jutaan orang, menyimpan tabungan dalam mata uang lokal adalah tindakan penghancuran diri yang lambat. Stablecoin menjadi respons alami. Aset digital yang dipatok ke dolar AS menawarkan penyimpanan nilai yang andal, transferabilitas tanpa batas, dan akses tanpa rekening bank.
Tidak seperti di Barat, di mana crypto dilihat lebih sebagai instrumen spekulatif, di LATAM itu telah menjadi alat keuangan yang diperlukan. Namun, penggerak adopsi tidak sepenuhnya seragam di seluruh wilayah. Brasil dan Meksiko adalah cerita institusional, didorong oleh partisipasi pasar yang diatur dan pemain keuangan mapan.
Argentina dan Venezuela tetap menjadi permainan penyimpan nilai, dengan crypto berfungsi sebagai lindung nilai langsung terhadap keruntuhan fiat. Dan Peru dan Kolombia adalah pasar yang lebih mencari hasil, di mana crypto menawarkan pengembalian yang tidak dapat ditandingi oleh rekening tabungan tradisional.
Seberapa cepat LATAM mengadopsi crypto?
Volume crypto on-chain LATAM naik 60% tahun-ke-tahun pada tahun 2025. Wilayah ini telah mencatat hampir $1.5 triliun dalam volume kumulatif sejak pertengahan 2022, memuncak pada rekor $87.7 miliar dalam satu bulan pada Desember 2024.
Pengguna crypto aktif bulanan di seluruh LATAM juga tumbuh 18% pada tahun 2025, tiga kali lebih cepat daripada AS.
Stablecoin adalah kendaraan utama yang mendorong adopsi ini. Dari $730 miliar yang diterima pada tahun 2025, $324 miliar bergerak melalui transaksi stablecoin, lonjakan 89% tahun-ke-tahun. Di Brasil, lebih dari 90% dari semua arus kripto terkait stablecoin, dan di Argentina, stablecoin menyumbang lebih dari 60% aktivitas.
Ke depan, pasar cryptocurrency Amerika Latin diperkirakan akan mencapai $442.6 miliar pada tahun 2033, tumbuh pada tingkat tahunan gabungan 10.93% dari 2025, menurut IMARC Group.
Bagi para pedagang, kecepatan adopsi kurang penting sebagai berita utama daripada apa yang mendorongnya: wilayah 650 juta orang membangun infrastruktur keuangan paralel secara real time, dengan stablecoin sebagai fondasinya.
Pergantian kelembagaan
Untuk sebagian besar sejarah crypto LATAM, adopsi dilakukan dari bawah ke atas. Pengguna ritel yang tidak memiliki rekening bank atau kekurangan bank mendorong volume melalui bursa lokal. Gambaran itu sekarang berubah di ujung atas pasar.
Pada Februari 2026, Crypto Finance Group, bagian dari operator pertukaran global terkemuka Deutsche Börse Group, mengumumkan ekspansinya ke Amerika Latin, menargetkan bank, manajer aset, dan perantara keuangan yang mencari infrastruktur penyimpanan dan perdagangan tingkat lembaga.
Bank tradisional dan fintech mengikutinya. Nubank sekarang memberi penghargaan kepada pelanggan karena memegang USDC. Bursa B3 Brasil menyetujui XRP dan SOL ETF spot pertama di dunia, di depan AS, pada tahun 2025. Pertukaran terpusat, termasuk Mercado Bitcoin, NovaDAX, dan Binance, secara kolektif telah mendaftarkan lebih dari 200 pasangan perdagangan berdenominasi BRL baru sejak awal 2024.
Pada Maret 2025, fintech Brasil Meliuz menjadi perusahaan publik pertama di negara itu yang meluncurkan strategi akumulasi Bitcoin, sekarang memegang 320 BTC.
“Adopsi Crypto di LATAM sudah berskala global. Apa yang dibutuhkan pasar sekarang adalah tata kelola tingkat institusi, dan itulah mengapa kami ada di sini,” — Stijn Vander Straeten, CEO Crypto Finance Group
Kasus penggunaan pengiriman uang kripto
Amerika Latin menerima ratusan miliar dolar setiap tahun dari pekerja di luar negeri, menjadikan pengiriman uang salah satu kasus penggunaan kripto yang paling konkret dan terukur di wilayah ini. Layanan transfer tradisional mengenakan biaya rata-rata 6,2% per transaksi. Pada transfer US$300, itu kira-kira US $20 dalam biaya.
Infrastruktur berbasis blockchain secara lebih luas menawarkan pengurangan biaya yang dramatis. Bitcoin membawa biaya sekitar US $3,12 per US $100 yang ditransfer. Sementara alternatif yang lebih murah seperti infrastruktur XRP atau Ethereum layer-2 dapat menguranginya menjadi kurang dari US $0,01.
Bagi seorang pekerja migran yang mengirim pulang $1.500 ke Peru, beralih dari bank lama menghemat lebih dari upah mingguan rata-rata Peru dalam biaya saja.
Lingkungan peraturan kripto LATAM
Variabel yang paling menentukan apakah LATAM memenuhi potensi 2026-nya adalah regulasi crypto. Dan di sini, gambarnya benar-benar bercampur.
Brasil memimpin wilayah dengan Undang-Undang Aset Virtual, yang mencakup pemisahan aset, lisensi VASP, persyaratan AML/KYC, dan standar modal. Ini juga menerapkan Aturan Perjalanan untuk transfer VASP domestik, yang mulai berlaku pada Februari 2026. Namun, beberapa proposal yang lebih kontroversial, termasuk batas US $100.000 pada transaksi stablecoin lintas batas dan larangan transfer dompet self-custodia, tetap berada di bawah konsultasi aktif.
Undang-Undang Fintech 2018 Meksiko tetap menjadi salah satu pengakuan formal paling awal di dunia atas aset virtual. Undang-Undang Fintech 2023 Chili menetapkan lisensi untuk bursa, dompet, dan penerbit stablecoin, secara resmi mengakui aset digital sebagai 'uang digital'.
Bolivia membalikkan larangan kripto selama satu dekade pada Juni 2024 dengan mengotorisasi transaksi aset digital yang diatur. Argentina memperkenalkan pendaftaran pertukaran wajib pada tahun 2025. Dan El Salvador terus memperluas inisiatif ekonomi token meskipun menghapus status tender legal Bitcoin.
Sepuluh negara di seluruh wilayah sekarang memiliki semacam kerangka kerja kripto formal. Tetapi bagi para pedagang, divergensi peraturan tetap menjadi risiko nyata, dan mengingat Brasil menerima hampir sepertiga dari semua volume kripto LATAM, setiap pembalikan kebijakan yang signifikan di sana dapat memiliki konsekuensi yang sangat besar.
Apa yang harus diperhatikan pedagang
Momentum kelembagaan Brasil adalah tren struktural yang paling signifikan. Dengan volume on-chain $318.8 miliar pada tahun 2025, Brasil secara efektif adalah pasar LATAM.
Hasil konsultasi stablecoin Brasil dapat memiliki pengaruh besar. Pembatasan stablecoin asing dalam pembayaran domestik akan secara langsung berdampak pada kelas aset yang paling banyak diperdagangkan di pasar dominan kawasan itu.
Argentina adalah permainan volatilitas. Penetrasi pengguna aktif bulanan sebesar 12% dan 5.4 juta unduhan aplikasi crypto pada tahun 2025 menandakan keterlibatan ritel yang mendalam dan berkembang.
Kolombia adalah pasar peringatan dini yang harus diperhatikan. Depresiasi peso 5,3% pada tahun 2025 dan krisis fiskal yang semakin dalam mendorong arus masuk stablecoin dalam pola yang mencerminkan lintasan Argentina di tahun-tahun sebelumnya. Jika situasi makro Kolombia semakin memburuk, adopsi crypto dapat dipercepat.
Ada juga risiko konsentrasi pertukaran yang dimainkan. Pertukaran kripto Binance adalah pertukaran utama untuk lebih dari 50% pengguna kripto LATAM. Jika bursa menghadapi tindakan regulasi, gangguan operasional, atau guncangan kompetitif, itu dapat memiliki dampak pasar yang sangat besar.
Intinya
Pasar crypto Amerika Latin telah memasuki fase baru. Penggerak struktural yang menyebabkan permintaan crypto awal di kawasan ini belum hilang: inflasi, pengiriman uang, pengecualian keuangan, dan ketidakstabilan mata uang semuanya masih berperan.
Apa yang telah berubah adalah lapisan yang dibangun di atasnya. Infrastruktur kelembagaan, kerangka peraturan, adopsi perbendaharaan perusahaan, dan modal pertukaran global mengalir ke wilayah yang, sampai saat ini, sebagian besar mandiri.
Pertumbuhan volume Brasil mendekati -250% pada tahun 2025 dan posisinya menerima hampir sepertiga dari semua kripto LATAM adalah perkembangan pasar yang menentukan. Lintasan peraturannya, keputusan kebijakan stablecoin, dan jalur ETF akan secara efektif mengatur nada untuk wilayah tersebut pada tahun 2026.
Bagi pedagang, angka pertumbuhan utama adalah nyata, tetapi begitu juga risiko konsentrasi, ketidakpastian peraturan, dan divergensi tingkat negara yang berada di bawahnya.
Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - W West Texas Intermediate (WTI) West Texas Intermediate (WTI, also referred to as Texas Light Sweet) is an oil benchmark that is central to oil commodity trading. It is one of the three major oil benchmarks used in trading, along with Brent crude and Dubai/Oman. Working Order A Working Order typically refers to either a stop or limit order to open.
Working Orders are used to advise your broker to execute a trade when your desired tradable asset reaches a specified price. Learn more about Working Orders
Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - V Variable costs Variable cost refers to an expense which is subject to change when a products sales volumes change. Costs will typically increase or decrease when sales drop or rise, respectively. VIX Short for the Chicago Board Options Exchange Volatility Index, the VIX is used to track S&P 500 index volatility.
It is arguably the most well-known volatility index on the market. Learn more about VIX Volatility A market’s volatility is its likelihood of making major, short-term price movements at any time. A high level of volatility can provide opportunity to make profitable trades in a short period of time.
Learn more about Volatility Volume Volume in trading refers to the amount of a particular asset being traded over a certain period of time. It's typically presented alongside price information and offers an extra dimension when examining the price history of an asset. Learn more about using Volume in trading.
Volume-weighted average price VWAP is a technical analysis tool which shows the ratio of an asset's price to its total trade volume. the VWAP provides traders with a measure of the average price a stock has traded at over a given period of time.
Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - U Unborrowable stock The stock that no one is willing to lend out to short sellers is known as an Unborrowable stock. The traditional means of short selling is impossible, when shares in a company are unborrowable.
Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - T Take profit (TP) Learn more about Trading with a Profit Target (Take Profit) Strategy. Tangible assets Tangible assets are a companies physical assets, such as real estate holdings, machinery, manufacturing or computer equipment, and raw materials of value, e.g. timber, ore, etc. Technical analysis Technical analysis is the examination and prediction of price movements in a financial market.
Analysts aim to form accurate predictions of future price movements using information such as historical data, market statistics, trader sentiments and current events impacting a given market. Tom-next Short for ‘tomorrow-next day’, Tom-next is the process of rolling a Forex position from one spot day to the next. This is also sometimes referred to as "the cost of carry" or "financing adjustment".
Trading floor Also referred to as a "trading pit", the trading floor is the area in an exchange where assets are traded. This is most commonly associated with stock and futures exchanges. Trading journal Learn more about using a Trading Journal.
Trading plan A strategy used by individual traders to evaluate assets, risk management and types of tradings. A trading plan will typically be composed of the expected term of trading, and how to accomplish the traders objectives in that time frame. Learn more about Trading Plan Trailing stop A trailing stop is modified type of stop-loss order that automatically follows positive market movements of traders asset.
If the traders position moves positively but then reverses, a trailing stop will lock in the current profit and close the traders position. Learn more about using a Trailing Stop strategy. Treasury stock Treasury stocks are a portion of a company’s shares that it keeps in its own treasury.
These shares do not pay dividends - because a company can't pay itself - and do not count towards the number of shares listed. Trend A sustained upward or downward movement of a particular market or asset. Identifying the beginning of a trend as the time to purchase/open a position, and forecasting the end of trends as the time to sell/close a position, is a key part of market analysis.
Trending shares A company's stock is considered a "trending share" when it moves significantly in comparison to its underlying index; the trend can be up or down, and can represent significant gain or loss.
Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - S Scalp "Scalping" is the process of opening and closing a position very quickly, with the goal of profiting from small price movements. SEC The SEC is the US Securities and Exchange Commission. It is the government agency which regulates markets United States to protect investors.
It also oversees mergers and acquisitions of companies. Sectors A sectors is a division within an economy or market, used for analysing and comparing companies with activities and interests. Share buyback A share buyback is when a company buys back its own shares back from private investors.
Once shares are bought back by the company they are considered cancelled, but can be redistribution in the future. Share buybacks are sometimes done as a tax-efficient way to return money to shareholders. Learn more about Share Buybacks Share price The share or stock price is the amount it costs to buy a single share of a company.
This price is determined by the market and fluctuates. Share prices typically increase when a company is regarded as having a promising future, or when it reports better than expected earnings, and will fall when reporting missed expectations. Share prices may also fall following news or events expected to impact the company negatively.
Shares (stocks, cash equities) A shares is a unit of ownership in a company, usually traded on the stock market. They are also referred to as cash equities or stocks. Short Short describes a trade that will incur profit if the asset being traded decreases in price.
This is also referred to as going short, shorting or short-selling. Learn more about Short Trading Short squeeze When an asset starts to move up in price, this can cause traders holding short positions to rush to cover their positions and minimize potential losses. Learn more about Short Squeeze Short-selling The act of selling an asset that you do not currently own.
The hope of short-selling is that the asset will decrease in value, at which point the trader can close their trade for a profit. In contrast to this, if a shorted asset rises in value, closing the position results in a loss for the trader. Slippage Slippage is when the price an order is executes at does not match the price at which it was made.
Smart order router (Smart order routing) Smart order routing is an automated online trading process that looks for trading liquidity, and is used as an indicator in certain trading strategies. SNB Abbreviation for the Swiss National Bank, the central bank for Switzerland. Spot Price The spot price refers to the price of an asset at any given time, available for immediate purchase/delivery at that moment.
Spread Spread refers to the difference in price between the bid(buy) and offer(sell) price for a tradable asset. Stock exchange A stock exchange is a centralised location where a publicly traded companies shares are traded. Stock exchanges tradable assets are limited to stocks, bonds and exchange traded products.
There are many major stock exchanges operating in different countries, e.g. the New York Stock Exchange and Nasdaq in the United States, the Japan Exchange Group, Honk Kong Stock Exchange, London Stock Exchange, Swiss Exchange, and more. Stock index A stock index is a group of shares used to paint a general picture of a particular sector, exchange or economy. Stock indexes are typically made from a certain number of the top shares from a given exchange, e.g. the ASX200 is based on the 200 largest stocks listed on the Australian Stock Exchange.
Stock symbol A stock symbol is an abbreviation used to identify the shares of a publicly traded companies. e.g. the stock symbol of Apple Inc. on the Nasdaq is NASDAQ:AAPL. Stop Loss Order A stop loss is a limit order which triggers a trade at a predetermined price. Stop loss orders are useful for closing positions in response to a sudden unfavorable market movement, e.g. in the event the value of an asset suddenly crashes, a stop loss order can automatically sell the asset when it reaches a specified price to limit losses, rather than continuing to hold the asset while it continues to fall in value.
Strike Price The strike price is the agreed price for an underlying asset, this price forms the basis of an options contract. Support level Support level refers to a price price which a given asset may have difficulty falling below, due to a majority of traders looking to buy around this price. Swaps Learn more about Swaps.
Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - R Rally A rally refers to the price of an asset undergoing sustained upward momentum over a period of time. Range Range is the difference between a market’s lowest and highest point over a specified period of time. If a market has a wide range during a given period this is an indication of high volatility, and may be utilized in certain trading strategies.
Rate-of-return ROR, Rate-of-return, is the profit or loss of an investment over a given period. ROR is expressed as a percentage, with a positive ROR reflecting that an investment has returned a profit, while a negative ROR means a loss. Ratio spread Ratio spread options trading strategy where a trader will hold an unequal number of buy and sell positions on a single underlying asset at the same time.
Reserves Reserves are the liquid assets set aside for future use by a trader. Reserves can be held in the form of commodities, such as gold, but usually traders will keep cash as it is more immediately accessible. Resistance level Resistance level is the price at which an assets upward price trajectory is hindered by an overwhelming demand to sell the asset.
When an asset appears to be nearing a resistance level, traders may close their position in order to take profit, rather than risk the price falling to a lower price. Reversal (Trend reversal) A reversal is a change of direction in the price movement of an asset, e.g. when an upward trend becomes a downward trend, or vice versa. Rights issue When a company offers existing shareholders the opportunity to buy additional shares for a discounted price, this is referred to as a Rights issue.
The discounted price will usually only be available for a brief period, before returning to the normal price. Learn more about Rights issues Risk management Risk management refers to a variety of processes or strategies, the ultimate goal of which is to identify the potential risk of investments and mitigate potential losses. Risks In trading, "risk" refers to any potential event or circumstance in which and investment can lose money.
Regulatory News Service (UK) The RNS is responsible for disseminating information on behalf of UK publicly listed companies. The RNS operates as part of the London Stock Exchange (LSE) and provides companies with information to help them to meet their regulatory disclosure obligations. ROCE (Return on capital employed) ROCE refers to a long-term profitability ratio which measures how effectively capital is used by a company, e.g. profit generated for each each dollar used.
Rollover A rollover refers to keeping a position open beyond its expiry date. Relative Strength Index (RSI) RSI is a tool used in technical analysis to gauge whether an asset is potentially overbought or oversold, and to predict if a rally or correction may be imminent. Learn more about RSI.