Brazil’s Mercado Bitcoin shows 574% increase in cryptocurrency trading in 2021

Despite the recent drop in investor interest, the data shows that the market still sustains impressive growth in a relatively short time interval.

RIO DE JANEIRO, BRAZIL - The drop in cryptocurrency prices since record highs in April and May has cooled investors' interest somewhat. However, industry figures show that the market is still booming. At Mercado Bitcoin, Brazil's largest crypto exchange and together with Mexican Bitso also leading in Latin America, data shows trading volume 574% higher than a year ago.

Statistics released by Mercado Bitcoin, which recently became the country's first crypto "unicorn," show that despite a drastic drop in the volume of cryptocurrency transactions in June, the sector's numbers in 2021 are still positive.

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