Latin America takes global lead in preference for centralized exchanges: Report By Cointelegraph

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According to a recent report from blockchain analytics firm Chainalysis, Latin America has a distinct inclination toward centralized exchanges when compared to the rest of the world, as opposed to decentralized exchanges.

Published on October 11, Chainalysis stated that Latin America has the seventh-largest crypto economy in the world, trailing closely behind the Middle East and North America (MENA), Eastern Asia, and Eastern Europe.

Share of Latin America country crypto activity by platform type. Source: Chainalysis
Latin America: Countries by crypto value received. Source: Chainalysis