Brazil moved R$ 107 billion in cryptocurrencies in the 3rd quarter of 2025

Source: PortaldoBitcoin Original Title: Brazil moved R$ 107 billion in cryptocurrencies in Q3 2025 Original Link: While Bitcoin surged strongly and approached its all-time high, the Brazilian cryptocurrency market recorded a decline in trading volume. Data from the Federal Revenue Service shows that the country moved R$ 107 billion between July and September 2025, a decrease of 8.7% compared to the same period last year, despite a 6.6% increase over the second quarter.

In the third quarter, approximately 30.5 million transactions were reported to the tax authorities, involving an average of 4.7 million individual users and about 100,000 legal entities. These numbers represent a 5.4% decrease in the CPF base, while the number of CNPJs quadrupled, from 25,000 between July and September 2024.

On a quarterly comparison, the participant base also expanded, with an approximate 23% growth in the average number of individual users and nearly 28% among legal entities, suggesting a rebound in activity after a period of slowdown.

Bitcoin and stablecoins remain leaders

Bitcoin continued to be one of the main cryptocurrencies traded in the country, moving around R$ 10.9 billion in the third quarter. However, this amount represents a roughly 14% decrease compared to the same period last year, although it recorded a slight increase of about 4% compared to the second quarter.

Meanwhile, dollar-pegged stablecoins maintained their dominant position. Led by Tether, these cryptocurrencies accounted for about R$ 66.8 billion in transactions during the quarter, reinforcing their significant role in the Brazilian market. Still, the volume was about 5.4% below that recorded in Q3 2024 and approximately 14% lower than in Q2, indicating less intense usage compared to recent peaks.

The positive highlight was Ethereum. Between July and September, the asset moved around R$ 6 billion, nearly double the volume observed in the same period of 2024, with an increase of about 95%. Compared to the immediately preceding quarter, the rise was approximately 61%, possibly driven by increased interest in decentralized applications, smart contracts, and new financial products based on the network.

The data released by the Federal Revenue Service is part of the set of information that must be declared by both domestic and foreign exchanges, as well as individuals and legal entities conducting operations outside local platforms.