XRP accounts for 9% of all purchases on the Bitso platform in Latin America, gaining on Ethereum and Solana.
Mexican users drove the adoption of XRP as a payment option, with 10% of all cryptocurrency buying activity allocated to XRP.
XRP went from non-existent in the typical portfolio composition of Latin American Bitso clients in 2023 to 13% in 2024.
Bitcoin and stablecoins still dominate trading activity, with Bitcoin representing 22% and stablecoins accounting for almost 40% of total purchases on the Bitso platform.