Latin America leads the world in preferring centralized trade: report

According to has On-chain analysis, Latin American crypto users to show A significant preference For centralized Exchanges, In contrast has THE global pattern.

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According to has A recent report Since blockchain analytic farm On-chain analysis, Latin America has A distinct inclination towards centralized Exchanges When compared with has THE rest of THE world, as opposite has decentralized exchanges.

Published on October 11, On-Chain Analysis said that Latin America has THE seventh largest crypto economy In THE world, dragging closely behind THE Medium East And North America (MENA), East Asia, And East Europe.

However, he Remarks that crypto users In Latin America strongly service using centralized exchanges:

Latin America watch THE The highest preference For centralized Exchanges of any of them region We study, And bows slightly far Since institutional activity compared with has other regions.

Furthermore, In a few countries In THE region, crypto activity by platform type significantly exceeds THE global average.

Share of Latin America country crypto activity by platform type. Source: On-chain analysis

THE global average For preferences concerning crypto platforms stands has 48.1% For centralized Exchanges, 44% For decentralized Exchanges, And 5.9% For other decentralized finance (Challenge) activities.

However, In Venezuela, THE preference For centralized Exchanges East significantly high has 92.5%, while decentralized Exchanges to have A a lot lower 5.6% preference.

Furthermore, he sharp out that Venezuela has A unique reason For It is surging adoption, mostly assigned has A "complex humanitarian emergency."

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