Venezuela's cryptocurrency trading volume reached approximately $44.6 billion over the past year, according to a Chainalysis report. The data, covering the period from July 2024 to June 2025, indicates that most transactions were conducted by small wallet users with balances under $10,000, highlighting the dominance of retail investors in the market. Despite government efforts to regulate the industry through the establishment of the national crypto regulatory body SUNACRIP and the introduction of the official cryptocurrency Petro, many Venezuelans continue to prefer using international crypto exchanges.