RIO DE JANEIRO, BRAZIL – Brazil is among the top five countries with the most crypto investors. More than 10 million Brazilians, or about 5% of the population, put the country behind only India, the U.S., Russia, and Nigeria.
Although most investors are unaware of or wary of crypto activity, the market is growing exponentially – so much so that it already far outstrips the Brazilian stock market, which has around 4 million investors in B3.
In financial terms, Brazil still represents a small share, about 2% of the global market, which was R$5.4 (US$1.1) trillion in . . .