Bitcoin volume traded in Brazil soars 73% in a year to US$12 billion

Cryptos that have parity with the dollar were even more in demand, signifying the search for cheaper exchange operations.

RIO DE JANEIRO, BRAZIL - The volume of Bitcoin (BTC) traded in Brazil rose significantly in 2021. From R$37.1 billion (US$7 billion) in 2020, transactions with the digital currency reached R$64.3 billion last year, a growth of 73.3%. The data are from the Federal Revenue Service.

The rise was driven mainly by the adhesion of companies. According to the IRS, the year ended with more than 459,000 . . .

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