# Corporate Accounts Made Up 78% of Mercado Bitcoin Trading During Brazil Election

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/42297
Published: 2026-10-28T03:23:44.000Z
Updated: 2026-10-28T03:23:44.000Z
Section: Investing

> Tether trading on the exchange rose nearly 800% from the previous Sunday. The next day, the Ibovespa fell 14% and the dollar gained more than 8% against the real.

Crypto trading surged on Brazil’s Sunday, Oct. 25, election, with corporate accounts responsible for 78% of Mercado Bitcoin’s total volume before the dollar gained more than 8% against the real the following day.

Tether (USDT) volume on Mercado Bitcoin rose nearly 800% from the previous Sunday and reached more than three times the average of the four preceding Sundays. Bitcoin (BTC) volume also rose 865% from the prior Sunday.

A separate measure showed USDT trading against the real up 150% from the previous Sunday, while USD Coin (USDC) volume increased 318%.

On Monday, Oct. 26, the Ibovespa, Brazil’s benchmark stock index, dropped 14%, its steepest daily decline since March 2020. The dollar’s gain of more than 8% against the real was its largest one-day rise since 1999.

Combined USDT and USDC trading totaled about $350 million on Oct. 26, up 65% from the previous week.