Annual crypto adoption development in Chile 2020-2023, by metric
Chile did not rank in the top 50 countries in the world when it comes to crypto adoption based on transaction volume. This is according to estimates based on web traffic toward individual websites that are used to perform cryptocurrency transactions. Chile's ranking in the world declined as time went by, initially focusing on P2P exchanges as its main use for cryptocurrencies. The use of P2P is likely connected to remittances - or the sending of money back home from people working abroad. When the source started combining its separate surveys on centralized and decentralized behavior in 2022, Chile revealed itself to be more interested in Decentralized Finance (DeFi) than centralized services. The source did not give specific reasons why this was the case.