市場新聞與洞察
透過專家洞察、新聞與技術分析,助你領先市場,制定交易決策。

2025年,拉丁美洲(LATAM)的加密货币交易量超过7300亿美元,同比增长60%,这使该地区约占全球加密活动的10%。
2026年,机构参与者开始认真对待该地区,监管正在具体化,2025年以来的结构性驱动因素没有减弱的迹象。但是该地区不是一个单一的故事,2026年将考验当前的势头是建立在坚实的基本面还是投机乐观情绪之上。
事实速览
- 拉丁美洲每月活跃的加密用户同比增长18%,是美国的三倍。
- 阿根廷的月活跃用户渗透率达到12%,占该地区加密活动的四分之一以上。
- 现在,超过90%的巴西加密货币流量与稳定币有关。
- 三个拉美国家进入全球前20名:巴西(第5位)、委内瑞拉(第18位)、阿根廷(第20位)。
- 秘鲁的加密应用程序下载量在2025年增长了50%,下载量为290万次。

从生存工具到金融基础设施
由于投机,拉丁美洲没有接受加密货币。它之所以接受它,是因为传统的金融体系一再让普通百姓失望。在过去的15年中,该地区五个最大经济体的平均年通货膨胀率为13%,而同期美国的平均年通货膨胀率仅为2.3%。
在委内瑞拉,这一比例在一年内达到了65,000%。在阿根廷,这一比例在2024年超过了220%。对于数百万人来说,以当地货币持有储蓄是一种缓慢的自我毁灭行为。稳定币成为了自然的反应。与美元挂钩的数字资产提供了可靠的价值储存、无国界的转移性以及无需银行账户即可访问。
与西方不同,在西方,加密货币更多地被视为一种投机工具,而在拉丁美洲,它已成为一种必要的金融工具。但是,该地区的采用驱动因素并不完全统一。巴西和墨西哥是机构故事,受监管的市场参与和成熟的金融参与者的推动。
阿根廷和委内瑞拉仍然是保值游戏,加密货币是抵御法币崩盘的直接对冲工具。秘鲁和哥伦比亚是更追求收益的市场,加密货币提供的回报是传统储蓄账户无法比拟的。

拉美采用加密货币的速度有多快?
2025年,拉美的链上加密货币交易量同比增长了60%。自2022年年中以来,该地区的累计交易量已达到近1.5万亿美元,在2024年12月达到创纪录的单月877亿美元的峰值。
2025年,拉丁美洲的月活跃加密用户也增长了18%,是美国的三倍。
稳定币是推动这种采用的主要工具。在2025年收到的7,300亿美元中,有3,240亿美元是通过稳定币交易转移的,同比增长89%。在巴西,超过90%的加密货币流量与稳定币相关,而在阿根廷,稳定币占活动的60%以上。
展望未来,根据IMARC集团的数据,到2033年,拉丁美洲的加密货币市场预计将达到4426亿美元,从2025年起将以10.93%的复合年增长率增长。
对于交易者而言,采用速度与其说是头条新闻,不如说是推动采用速度的原因:该地区有6.5亿人以稳定币为基础,实时建设平行金融基础设施。
机构转向
在拉美的大部分加密历史中,采用率是自下而上的。没有银行账户或银行账户不足的零售用户通过本地交易所推动了交易量。现在,高端市场的这种情况正在发生变化。
2026年2月,全球领先交易所运营商德意志交易所集团旗下的Crypto Finance集团宣布向拉丁美洲扩张,目标是寻求机构级托管和交易基础设施的银行、资产管理公司和金融中介机构。
传统银行和金融科技公司纷纷效仿。Nubank现在奖励持有USDC的客户。巴西的B3交易所于2025年批准了世界上第一只现货XRP和SOL ETF,领先于美国。自2024年初以来,包括梅尔卡多比特币、NovaDAX和币安在内的中心化交易所共上市了200多个新的以巴西雷亚尔计价的交易对。
2025年3月,巴西金融科技公司Meliuz成为该国第一家推出比特币增持策略的上市公司,目前持有320比特币。
“拉丁美洲已经在全球范围内采用加密货币。市场现在需要的是机构级治理,这正是我们来到这里的原因,” ——加密金融集团首席执行官Stijn Vander Straeten
加密汇款用例
拉丁美洲每年从海外工人那里获得数千亿美元,这使汇款成为该地区最具体、最可衡量的加密用例之一。传统的转账服务平均每笔交易收取6.2%的费用。对于300美元的转账,大约相当于20美元的费用。
基于区块链的基础设施可以更广泛地降低费用。比特币使每转账100美元的成本约为3.12美元。而像XRP或以太坊第二层基础设施这样更便宜的替代方案可以将其降低到0.01美元以下。
对于向秘鲁汇款1,500美元的移民工人来说,仅从传统银行转账就能节省的费用超过秘鲁每周平均工资。
LATAM 的加密监管环境
最能决定LATAM是否发挥其2026年潜力的变量是加密监管。在这里,情况确实好坏参半。
巴西的《虚拟资产法》在该地区处于领先地位,该法涵盖资产隔离、VASP 许可、AML/KYC 要求和资本标准。它还实施了国内 VASP 转账旅行规则,该规则于 2026 年 2 月生效。但是,一些更具争议的提案,包括对跨境稳定币交易设定10万美元的上限以及禁止自托管钱包转账,仍在积极磋商中。
墨西哥的2018年金融科技法仍然是世界上最早正式承认虚拟资产的法规之一。智利的2023年金融科技法为交易所、钱包和稳定币发行人设立了许可证,正式承认数字资产为 “数字货币”。
玻利维亚于2024年6月批准了受监管的数字资产交易,撤销了长达十年的加密禁令。阿根廷于2025年引入了强制性交易所登记。尽管取消了比特币的法定货币地位,但萨尔瓦多仍在继续扩大代币化经济举措。
该地区的十个国家现在拥有某种正式的加密框架。但是对于交易者来说,监管分歧仍然是一种现实风险,鉴于巴西获得的拉美加密货币交易量占拉美所有加密货币交易量的近三分之一,任何重大的政策逆转都可能产生巨大的后果。

交易者应该注意什么
巴西的制度势头是最重要的结构性趋势。到2025年,巴西的链上交易量为3188亿美元,实际上是拉丁美洲市场。
巴西稳定币磋商的结果可能会产生很大的影响。限制在国内支付中使用外国稳定币将直接影响该地区主导市场中交易量最大的资产类别。
阿根廷是波动率的玩家。2025年,月活跃用户渗透率为12%,加密应用程序下载量为540万次,这表明零售参与度不断提高。
哥伦比亚是一个值得关注的预警市场。2025年比索贬值5.3%,财政危机的加深正在推动稳定币流入,其模式反映了阿根廷早年的发展轨迹。如果哥伦比亚的宏观形势进一步恶化,加密货币的采用可能会加速。
交易所集中风险也在起作用。币安加密货币交易所是超过50%的拉丁美洲加密用户的主要交易所。如果交易所面临任何监管行动、运营中断或竞争冲击,可能会对市场产生巨大的影响。
底线
拉丁美洲的加密市场进入了一个新阶段。导致该地区最初出现加密需求的结构性驱动因素尚未消失:通货膨胀、汇款、金融排斥和货币不稳定都仍在起作用。
所发生的变化是建立在它们之上的图层。机构基础设施、监管框架、企业资金的采用以及流入直到最近还基本自给自足的地区的全球交易所资本。
巴西在2025年将近-250%的交易量增长及其占拉美所有加密货币的近三分之一的地位是决定性的市场发展。其监管轨迹、稳定币政策决策和ETF渠道将有效地为该地区在2026年定下基调。
对于交易者而言,总体增长数据是真实的,但其背后的集中风险、监管不确定性以及国家层面的分歧也是真实的。


Dicker Data is an Australian-owned and operated, ASX-listed technology hardware, software and cloud distributor. They were founded in 1978. As a distributor, they sell exclusively to a valued partner base of over 5,500 resellers.
Dicker Data distributes a wide portfolio of products from the world’s leading technology vendors. Dicker Data have successfully navigated the end of governmental business stimulus and the impact of a global semiconductor chip shortage to post a net profit of $73.6 million, which is an increase of 29%. Sales figures increased 24% to $2.48 billion for the 2021 calendar year.
Dicker Data declared a final dividend of 15 cents (USD), 100% flanked, on total earnings of 42.6 cents per share. FY21 Results Highlights The company believes that shortages are a part of the computer business and have always planned around it. They identify the software sector to be its highest growth opportunity as dynamic workplaces, which allow employees to work from home, are currently in high demand.
They also identify that there will be a strong demand for audio-visual equipment, such as large format displays for meeting rooms, as workplaces welcome back employees to the offices. The company’s debt over the period has almost doubled to $230.2 million after they have announced debt funded deals to acquire its rival IT distributor, Exceed, for $68 million. They have also recently acquired Hills Ltd’s Security and Information Technology business for $20 million last month.
The company also has their sights on another acquisition in the future, they have been in talks with a few bankers to help finance a potential acquisition of a rival US-based IT distributor, Ingram Micro. Ingram Micro was sold to US private equity group Platinum Equity for $7.2 billion (USD) in July 2021. Prior to this, HNA Group acquired the business for around $6 billion (USD) in 2016.
Co-founder David Dicker stated that his company would have acquired Ingram Micro for $7 billion (USD) if they had been able to raise the capital. Dicker Data share value is slowly trending up since February’s acquisition. However, due to the Russia and Ukraine conflict, the ASX 200 index is currently dropping in value and this can trickle down to companies such as Dicker Data.
Overall, Dicker Data is currently in a growth state and is looking to acquire companies that would help increase the company’s value and offerings to its many clients. They aim to use debt to fund the acquisitions and then issue shares to pay down the debt once the acquisition is successful. The acquisitions have helped the company achieve a profitable year as evident in the earnings report.
With the acquisition target of Ingram Micro, this can be an exciting opportunity to track the progress from start to finish. If you would like to take this opportunity to invest in Dicker Data and don’t already have a trading account, you can register for a Shares account at GO Markets. Sources: ASX, TradingView, AFR.


A sudden rapid increase in commodity prices, propelled by supply concerns stemming from the Russia and Ukraine conflict, has brought about inflationary pressure and moved future inflation expectation. The increase has also pushed indices into a bear market and caused some volatility in global equities. Nickel, European gas and wheat have all hit record highs on Monday.
Copper, Brent crude oil, aluminium and thermal coal are currently sitting at their highest levels in years. The commodities rally has stirred up fears that inflationary pressures will persist as the price increase works its way through the supply chain and slows down economic growth. The Australian 10-year break-even rate is sitting at 2.48%, its highest level since 2014.
The US 10-year break-even rate increased to 2.86% on Tuesday, its highest level since 2005. The German 10-year break-even rate hit a record high of 2.62%. Break-even rates represent the difference between a nominal bond and an inflation-linked bond of the same maturity, implying the average rate of inflation over a given period of time.
The spike in these rates suggests that the bond market is expecting inflation to be far more persistent than central banks and strategists have been expecting. The fear of Russian energy sanctions has led to heavy selling in the global equity markets. The US Dow Jones, Nasdaq, Euro Stoxx 50 and Germany DAX index have slipped into bear markets as shown from the chart above.
The EU50 and DAX are currently down 20% since their peaks in mid-January. The spike in break-even rates comes after the surge in the price of energy as Brent crude has reached a high of $136 USD a barrel on Monday. This rapid increase in the cost of energy, namely the Brent Oil, is currently making its way through to our local petrol pumps.
As the national average petrol price has climbed to 1.839 per litre. Other commodity prices are also beginning to break into new territory and are likely to drive up the cost of goods further down the supply chain. Nickel recently hit a record high of over $60,000 USD a tonne, as supply risks sparked a short squeeze.
About 7 per cent of the world’s nickel is produced in Russia, with the metal being used to produce stainless steel. It is also a major component of lithium-ion batteries, which are used in electric vehicles. The steady surge in commodity prices and their associated inflation risk has created a dilemma for central banks across the world.
Central banks are trying to manage inflation without curbing growth. All in all, commodity prices are currently on the rise as the conflict between Russia and Ukraine continues. Their prices are now on most investors’ watchlists, as it can affect other markets such as Forex and Indices.
If you would like to take this opportunity to invest and do not yet have a trading account, you can open a GO Markets CFD trading account. Source: GO Markets MT5, TradingView, Globalpetrolprices, AFR


Coinbase Global Inc. (COIN) released its financial results for Q2 after the market close in the US on Tuesday. The company reported revenue that fell short of Wall Street expectations at $808.325 million for Q2 vs. $873.82 million expected. Coinbase reported a loss per share of -$4.98 per share vs. -$2.47 loss per share expected. ''Q2 was a test of durability for crypto companies and a complex quarter overall.
Dramatic market movements shifted user behaviour and trading volume, which impacted transaction revenue, but also highlighted the strength of our risk management program. We are focusing on our top business priorities and more tightly managing expenses.'' ''The decline in crypto asset prices significantly impacted our Q2 financial results, which were consistent with the outlook provided in May. Net revenue was $803 million, down 31% compared to Q1, driven by lower trading volume.
Total operating expenses were $1.9 billion, up 8% compared to Q1. Net loss was $1.1 billion and was heavily impacted by non-cash impairment charges. Absent non-cash impairment charges, net loss would have been $647 million.
Adjusted EBITDA was negative $151 million,'' the company wrote in a letter to shareholders. Coinbase Global Inc. (COIN) chart Share price of Coinbase was down by 10.55% on Tuesday, trading $87.49 a share. The stock fell further in after-hours following the release of the latest financial results, down by around 3%.
Here is how the stock has performed in the past year: 1 month +61.65% 3 months +20.13% Year-to-date -65.26% 1 year -67.49% Coinbase price targets Citigroup $105 DA Davidson $90 Mizuho $42 JMP Securities $205 Atlantic Equities $54 Goldman Sachs $45 JP Morgan $68 Coinbase Global Inc. is the 754 th largest company in the world with a market cap of $22.96 billion. You can trade Coinbase Global Inc. (COIN) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD. Sources: Coinbase Global Inc., TradingView, MetaTrader 5, Benzinga, CompaniesMarketCap

Fears of slowing growth and weak Chinese data have forced China to ramp up its efforts to stimulate its economy and reassure investors: Record $83 billion injection: China injected a large amount of money in its economy. $83 billion was placed in the country’s financial system to avoid a cash crunch that would add further pressure to an “already” weakening economy. Spending Plans: Amid a raft of measures, China has approved a whopping $125bn of new rail projects over the past month. China is increasing its approvals for new projects and fiscal spending to counteract the slowdown.
Tax Cuts: China has put forward plans for the private sector and small business and is turning to tax cuts as a primary defence for its slowing economy. As uncertainties around tariffs continue, China is helping private companies and small business to obtain financing and increasing consumer spending. As of writing, the GDP (YoY) came at 6.4% from 6.5%, and we expect China’s economy to weaken in the lower range of the 6% mark amid the current external and domestic challenges.
Trade tensions have shaken business and consumer confidence and have further slowed economic growth. Even though there is more optimism on trade talks and higher chances of a truce deal, we expect trade negotiations to be bumpy and lengthy. The real economic implications may become more apparent in the coming months, and this can weigh on risk sentiment.
We expect to continue observing more actions from China during the year. The weak data is also giving room for policymakers to put forward more growth-supportive measures in the near term to stimulate growth and bring stability to its economy. So far, the stimulus actions coupled with positive trade talks helped the Chinese Yuan and the Shanghai Index to climb higher.
After a bruising year, the Index rose by more than 130 points since the beginning of the year.


Beyond Meat Inc. reported their latest financial results for Q4 2021 after the closing bell on Wall Street today. The US plant-based meat substitute producer company fell short of analyst expectations for the last quarter, sending the stock price lower in the after-market hours. The company reported revenue of $100.678 million in Q4 (decrease of 1.2% year-over-year) vs. $101.044 million expected.
Loss per share reported at -$1.27 a share, way above analyst forecast -$0.70 a share. Net revenue for 2021 at $464.7 million – an increase of 14.2% year-over-year. "In 2021 we saw strong growth in our international channel net revenues, as well as sporadic yet promising signs of a resumption of growth in U.S. foodservice channel net revenues as COVID-19 variants peaked and declined. These gains, however, were dampened by what we believe to be a temporary disruption in U.S. retail growth, for our brand and the broader category.
Despite the variability and challenges of the year, we did not deviate from building the foundation for our long-term growth. The investments we made in our team, infrastructure, and capabilities across the U.S., EU, and China, as well as extensive product scaling activities for key strategic partners, weighed heavily on operating expenses and gross margin during a fourth quarter and year that were already impacted by lower than expected volumes. However, we believe these investments will be instrumental in driving our long-term growth," Ethan Brown, Beyond Meat CEO said in a statement following the latest financial results from the company. "As we begin 2022, we are pleased with the progress we are making against our long-term strategy, such as the number of tests and core menu placements recently announced by our global QSR partners.
Though we will continue to invest during 2022, we expect to substantially moderate the growth of our operating expenses as we leverage the building blocks we now have in place to serve our customers, consumers, and markets — bringing forward our exciting and expansive future one delicious serving at a time," Brown added. Beyond Meat Inc. (BYND) chart (Weekly) Shares of Beyond Meat were up by 3.38% on Thursday at $48.64. However, the stock fell sharply in the after-hours – down by around 10%.
Here is how the stock has performed in the past year – 1 Month: -13.37% 3 Month: -35.14% Year-to-date: -24.80% 1 Year: -65.91% Beyond Meat Inc. is the 2973 rd largest company in the world with total market cap of $3.10 billion. You can trade Beyond Meat Inc. (BYND) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD. Sources: Beyond Meat Inc., TradingView, MetaTrader 5, CompaniesMarketCap


Since the recent crisis in Europe, you would have noticed a few things in the stock market which have directly or indirectly affected your normal day to day life, as a motorist one of the first things that you would have taken note of, is the price of fuel. Only a fortnight ago petrol prices for unleaded fuel was sold for $149.99 per litre (APCO service station Cranbourne), today’s price of $186.998 (price as of 24 hours ago) marks a clear sign that prices are rising and, in most cases, have hit above $2 per litre with people predicting that it will get worst before it gets better. We will take a look at why the EV market may be positioned to take advantage of this economic pain.
EV cars have long been in the process of becoming a cleaner alternative to combustible engine vehicles. Since climate change has been at the forefront of politicians and corporations’ agendas, companies such as Tesla have managed to carve out a large portion of the market for themselves and be the leading light into the new generations of cars. Whether that be by producing the latest car in the Roadster or providing companies with “regulatory credits” which allow the companies to reach emission targets set by governance in their respective countries.
In a push to reduce carbon emissions, governments around the world have introduced incentives for automakers to develop electric vehicles in return for regulatory credits. Because Tesla only manufacturers EV cars, they get free credits and as they have a surplus amount, they can sell these credits to their competitors for them to be able to meet the latest emissions targets. That’s one way in which Tesla profits hugely from their vision as they are able to make 100% profits on these credits.
As climate change reels its head and costs of fuel soars, many believe that EVs are the best alternative to an old age problem. However for EV cars to be successfully incorporated in our communities, there has to be a few advances in infrastructure including more regular charging stations, and improved battery life, with many currently working on producing longer lasting, quicker charging and more affordable batteries. As well as this, the price of EV vehicles would need to come in line with economy combustible engine vehicles to make them more desirable.
The infrastructure for electric-vehicle charging continues to expand. In 2019, there were about 7.3 million chargers worldwide, of which about 6.5 million were private, light-duty vehicle slow chargers in homes, multi-dwelling buildings and workplaces. Convenience, cost-effectiveness and a variety of support policies (such as preferential rates, equipment purchase incentives, and rebates) are the main drivers for the prevalence of private charging.
Market Performance: Sales of electric cars topped 2.1 million globally in 2019, surpassing 2018 – already a record year – to boost the stock to 7.2 million electric cars. Electric cars, which accounted for 2.6% of global car sales and about 1% of global car stock in 2019, registered a 40% year-on-year increase. Companies leading the way in manufacturing of EV cars and companies working alongside in infrastructure, battery life development and electricity providers in the field are: TESLA Volkswagen Group BMW Hyundai/KIA Jaguar Land Rover Schneider Electric SE Siemens AG ABB Eaton Corporation ChargePoint, Inc.
Webasto Group EVBox B.V. Blink Charging, Co. EFACEC Popular mentions to Delta Electronics, Inc. (Taiwan), Leviton Manufacturing Co., Inc. (U.S.), Alfen (Netherlands), NewMotion B.V. (Netherlands), Star Charge (China), SemaConnect (U.S.), Robert Bosch GmbH (Germany), and ClipperCreek Inc. (U.S.).
Some of the key players in both car manufacturing, infrastructure and battery performance which investors are keeping a close eye on, in order to take advantage of potential opportunities within the stock market. As we can gather from the research, figures and public opinion as well as Geopolitical issues affecting prices of energy, we can conclude that a change to EV cars is not longer just a pipedream but a very potential reality, with governments aligned with corporations and the public in wanting to have a change of direction from combustible engines to electricity charged vehicles. We would be able to see a huge increase or EV cars on our roads within the next few years.
Sources: CNBC, iea.org, Google, meticulousblog.org
