Amid last year’s macroeconomic chaos, inflation in Brazil and Russia, which CryptoCompare groups with other emerging economies, reached 11.9% and 17.2%, respectively. About the time of these highs, Russian ruble (RUB) and Brazilian real (BRL) volumes on Binance increased 232% and 72%, respectively.

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• Source: https://www.coindesk.com/markets/2023/01/20/binance-garnered-largest-market-share-of-crypto-investors-from-emerging-markets-in-2022/?utm_medium=referral&utm_source=rss&utm_campaign=headlines