Amid last year’s macroeconomic chaos, inflation in Brazil and Russia, which CryptoCompare ranks with other emerging economies, reached 11.9% and 17.2%, respectively. Around the time of these highs, Russian Ruble (RUB) and Brazilian Real (BRL) volumes on Binance increased by 232% and 72%, respectively.
Binance gained the largest market share of crypto investors from emerging markets in 2022
