Cryptocurrency Purchases in Brazil Reach $12.37 Billion YTD!

According to data from the Central Bank of Brazil, cryptocurrency purchases made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding the total crypto purchases of 2023, which indicates that exchanges and trading platforms are preparing to accommodate a large demand for digital assets. However, this has created a deficit of $11.54 billion in 2024, as cryptocurrencies purchased surpass those exported abroad.