CNADRegulated
Salvador Crypto Asset Exchange License (CEX)
Lemon
Regulated in Salvador
Crypto Asset Exchange License (CEX)
Basic Information
Country/RegionSpain
Exchange AbbreviationLemon
Company NameLemon Cash Inc
Operating Period5-10 years
Websitehttps://www.lemon.me/
Business operationsExchange
RiskNotice
3 risk alerts
- License No.
- PSAD-0008
- Regulatory Jurisdiction
- Salvador
- Licensed Entity
- The Place, S.A De C.V.
- Effective Date
- 2023-11-06
- Sharing Status
- No
Exchange Overview
Exchange Overview
What is Lemon?
Lemon is a digital account and crypto investment app (Spanish site) in Argentina, with the slogan "Your money grows every day.\"
Platform Features
The platform offers free digital accounts, cashback on spending, stock and Bitcoin investment, digital dollar, etc., supports receiving foreign USD/EUR, and is available on iOS and Android. Its slogan is "We are not just another wallet, we are Lemon.
Business Region
InfluenceB0
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News
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Lemon Report: Latin America Grew Its Crypto User Base 3 Times Faster Than the US
According to a report by Lemon, an Argentina-based crypto exchange, Latin America increased its crypto user base at a rapid pace in 2025, growing adoption three times faster than the U.S. In total, the regions users grew by almost by 20%, with Brazil leading in volumes and Argentina in active users. Lemon: Latin America Keeps Growing Its Crypto User Base at an Accelerated Pace Latin America, a region known for its high crypto adoption, registered strong growth in its user base in 2025. According to Lemon, a cryptocurrency exchange with over 5.5 million users in the region, Latin Americas growth rate has reached 60%, dwarfing figures registered in other locations, only behind APAC. While trading volumes grew, Lemon puts relevance on crypto user dynamics. The exchange found that the crypto user base in the region grew three times as fast as in the U.S. in 2025, rising 18% from the year before. Nonetheless, Brazil leads the region in volumes, receiving nearly a third of all crypto sent to Latam. Argentina, on the other hand, leads in monthly active users, as 12% of all Argentines use crypto regularly, surpassing Brazils penetration level. Argentina‘s crypto penetration rate even surpasses Venezuela, with the latter’s adoption levels reaching just nearly
Lemon launches Bitcoin-backed credit card in cash-hoarding Argentina
Lemon, one of Argentina‘s largest crypto exchanges, has launched what it describes as the country’s first Bitcoin-backed Visa credit card, offering users Argentine peso financing without forcing them to liquidate their BTC savings. According to La Nación, a leading Argentine daily newspaper, customers must lock up 0.01 Bitcoin (BTC) as collateral (around $960 at current prices) to obtain an initial credit limit of 1 million pesos, with the BTC held as an immobilized guarantee rather than being sold or converted to fiat. Lemon plans to expand the product so that users can adjust collateral and credit limits over time and eventually settle dollar-denominated purchases directly in dollar-pegged stablecoins such as USDC (USDC) or Tether (USDT). From banking crises to mattress dollars The launch speaks to Argentines long-running distrust of banks, rooted in repeated devaluations and the “corralito” deposit freeze in December 2001, which wiped out savings and pushed many households to keep wealth in cash dollars rather than in peso accounts. Related: Coinbase pauses local fiat rails in Argentina less than a year after its arrival A Reuters report, citing official data used in Argentinas International Monetary Fund program, estimated that Argentines hold about $271 billion in undeclared cash dollars stashed “in mattresses and overseas bank
Argentines Hold More Bitcoin Than Stablecoins, Pesos Per Lemon
Key NotesBitcoin leads portfolio allocation at 34.54% on Lemon, surpassing stablecoins and Argentine pesos as users prioritize long-term value storage.Cryptocurrency purchases grew 126% in 2024 while stablecoin growth reached only 44.4%, marking a behavioral shift in Argentinas digital economy.Over 800,000 Lemon users now hold Bitcoin fractions, accumulating assets through daily transactions that reward crypto cashback on routine purchases. Bitcoin BTC $106 608 24h volatility: 3.1% Market cap: $2.13 T Vol. 24h: $62.44 B is the favorite currency by portfolio allocation to Argentine users of the financial app and crypto wallet Lemon, among 5 million registered accounts in Argentina and Peru. Data is from a private document shared by the Lemon team with Coinspeaker on November 3, 2025. According to the up-to-date document, 34.54% of all reserves held by Lemon users are of BTC. The leading cryptocurrency is followed by stablecoins (25.71%) and Argentina‘s fiat currency, pesos (21.19%). Ethereum ETH $3 616 24h volatility: 6.4% Market cap: $436.21 B Vol. 24h: $40.54 B , the second-largest cryptocurrency by market cap, is Lemon’s fourth most-held asset, with 10.61%. Solana SOL $168.4 24h volatility: 8.4% Market cap: $93.11 B Vol. 24h: $8.21 B and XRP XRP $2.37 24h volatility: 5.2% Market cap: $142.63 B Vol.
