Annual crypto adoption development in Mexico 2020-2023, by metric

Published by
Raynor de Best,
Mar 11, 2024
Mexico ranked in the top 20 in the world in 2023 in terms of crypto adoption based on transaction volume. This is according to estimates based on web traffic toward individual websites that are used to perform cryptocurrency transactions. Notable is that Mexico slightly prefers decentralized services - such as Decentralized Finance (DeFi) over centralized services. Mexicans also increasing used crypto for P2P exchange, ranking at position 30 out of 146 in the world.

Crypto Adoption Index ranking of Mexico from 2020 to 2023, by metric

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Sources

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Release date

October 2023

Region

Mexico

Survey time period

July 2020 to June 2023

Special properties

Ranking (1 = highest, 146 = lowest); Weighted by purchasing power parity (PPP) per capita

Supplementary notes

All figures have been collected by Statista.

The source explains that its index is calculated using five different sub-indices, which are estimated using an individual country's cryptocurrency transaction volume in different situations. These estimates are based off web traffic patterns from individual websites that are used for such transactions and/or protocols.

Several changes were made to the source's methodology over the years. In 2022, the main change involved the inclusion of Decentralized Finance (DeFi) transaction volume. Centralized and Decentralized sub-indices both count equally to the overall index.

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Market share

6

Penetration

8

Biggest brands

7

Users

7

Transaction value

6

Number of transactions

7

Miscellaneous

7

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Topics

Digital payments landscape in MexicoMobile payments with digital walletsFintech in MexicoE-commerce in Latin AmericaE-commerce in Mexico
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