Business · Markets · 7 hrs ago
Mexico ranks 11th in crypto adoption, Binance executive says
A Binance Mexico executive says Mexico ranks 11th worldwide in cryptocurrency adoption and fifth in cross-border payments using stablecoins.
Stablecoins are digital assets whose value can be linked to traditional currencies such as the US dollar.
The executive said these assets are being used not only for trading but also for international transfers that can settle in minutes, compared with three to five days for conventional bank transfers.
He also said some stablecoin transfers can cost less than international bank transfers, though the costs vary by transaction.
Binance said the number of digital wallets holding more than $10,000 in dollar-linked stablecoins grew 91% between July 2024 and the interview.
Binance has announced an investment of more than 1 billion pesos in Mexico, including plans to acquire an electronic payment funds institution and expand its team and services.
Mexico ranks 11th globally in cryptocurrency adoption and fifth in cross-border stablecoin payment operations, according to Binance Mexico general manager Salvador Rivero.
Rivero said cryptocurrency use in Mexico has expanded beyond trading to include international transfers, savings and investment.
He said stablecoin transfers can settle in minutes, compared with three to five days for conventional international bank transfers.
Rivero said the number of digital wallets holding more than $10,000 in dollar-linked stablecoins grew 91% from July 2024 to the time of the interview.
Binance has announced an investment of more than 1 billion pesos to strengthen its operations in Mexico, Rivero said.
- Who
- Salvador Rivero, general manager of Binance Mexico, gave the adoption ranking.
- What
- Mexico ranks 11th worldwide in cryptocurrency adoption and fifth in cross-border stablecoin payment operations.
- When
- The article was published on October 15, 2026; the date of the interview is not stated.
- Where
- Mexico.
- Why
- Rivero linked adoption to demand for international transfers, access to foreign currency, savings diversification and alternatives amid economic volatility.
This story does not have two clearly opposing sides.
The number of digital wallets holding more than $10,000 in dollar-linked stablecoins grew 91%.
El Universal published its report on Mexico’s cryptocurrency adoption ranking and Rivero’s comments.
- Global crypto adoption rank
- 11th
- Cross-border stablecoin payment rank
- 5th
- Wallet growth
- 91% for wallets with more than $10,000 in dollar-linked stablecoins, from July 2024 to the interview
- Binance Mexico investment
- More than 1 billion pesos
- Binance global users
- More than 320 million
What people are saying
una transferencia internacional convencional puede tardar entre tres y cinco días en liquidarse
el número de billeteras digitales con más de 10 mil dólares en estos activos registró un crecimiento de 91%