Brazil's ranking in the world when it comes to crypto adoption based on transaction volume went down by two places between nine and 2023. Positioned well into the top 10 countries in the world in 2023, Brazil was estimated to be the number seven country for crypto transactions in both centralized as well as decentralized - such as Decentralized Finance (DeFi) - services. Brazilians used crypto noticeably more for P2P exchange, ranking at position 15 out of 146 in the world in 2023.
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Crypto Adoption Index ranking of Brazil from 2020 to 2024, by metric
Rank of individual weighted metrics feeding into index
Ranking (1 = highest, 151 = 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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Chainalysis, & Statista. (September 10, 2024). Crypto Adoption Index ranking of Brazil from 2020 to 2024, by metric [Graph]. In Statista. Retrieved June 30, 2025, from https://www.statista.com/statistics/1362092/cryptocurrency-adoption-index-brazil/
Chainalysis, und Statista. "Crypto Adoption Index ranking of Brazil from 2020 to 2024, by metric." Chart. September 10, 2024. Statista. Accessed June 30, 2025. https://www.statista.com/statistics/1362092/cryptocurrency-adoption-index-brazil/
Chainalysis, Statista. (2024). Crypto Adoption Index ranking of Brazil from 2020 to 2024, by metric. Statista. Statista Inc.. Accessed: June 30, 2025. https://www.statista.com/statistics/1362092/cryptocurrency-adoption-index-brazil/
Chainalysis, and Statista. "Crypto Adoption Index Ranking of Brazil from 2020 to 2024, by Metric." Statista, Statista Inc., 10 Sep 2024, https://www.statista.com/statistics/1362092/cryptocurrency-adoption-index-brazil/
Chainalysis & Statista, Crypto Adoption Index ranking of Brazil from 2020 to 2024, by metric Statista, https://www.statista.com/statistics/1362092/cryptocurrency-adoption-index-brazil/ (last visited June 30, 2025)
Crypto Adoption Index ranking of Brazil from 2020 to 2024, by metric [Graph], Chainalysis, & Statista, September 10, 2024. [Online]. Available: https://www.statista.com/statistics/1362092/cryptocurrency-adoption-index-brazil/