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 an inclination toward centralized exchanges (CEXs) over decentralized exchanges (DEXs) compared with the rest of the world.

Published on Oct. 11, the report stated that Latin America has the seventh-largest crypto economy in the world, trailing 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