On-chain Cryptocurrency Trading Volume in the Middle East and North Africa Increases to $350 Billion
The annual on-chain cryptocurrency trading volume in the Middle East and North Africa is expected to rise from approximately $100 billion in 2022 to around $350 billion by 2025-2026. According to a report by the Bitcoin Policy Institute, the Iran conflict, currency devaluation, and regulatory adjustments in Gulf countries are promoting the use of digital assets. Turkey has emerged as the largest market with an annual trading volume of about $200 billion, while the UAE is projected to handle around $150 billion in transactions by 2025. Saudi Arabia is recognized as the fastest-growing market, with a 154% increase year-on-year, and Qatar recorded a growth of 120%. Countries like Egypt, Turkey, Lebanon, and Iran are using Bitcoin and dollar-based stablecoins as a means of preserving purchasing power, while the UAE and Bahrain are expanding their digital asset markets through regulation. The report emphasizes that the markets in the Middle East and North Africa are developing differently due to currency instability and regulatory adjustments.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Real Bedford Secures $4.5 Million to Start BTC Operations Experiment

US Treasury's $14.5 Billion Bond Buyback, Divergent Reactions for BTC and XRP

Bitcoin Buying Pressure Hits New High Since Bear Market, Spot Net Purchases Exceed $83 Billion

Old Bitcoin Wallets Move 202.84 Bitcoin Worth $15.7 Million

Willy Woo: Bitcoin Significantly Decoupled from U.S. Stocks

Mining Company Reduces Hashrate, AI Revenue Increases by 52%

Russian Crypto Market May Be Easier to Isolate from Global Market, Says Finam

Market Value of Altcoins Surpasses $200 Billion

Strategy and Robinhood now lead a $4.5 billion large-cap ETF that was not built for crypto

Bitcoin Short-Term Holder SOPR Indicator Breaks 1, Positive Market Signal

Bitcoin Prediction Models Struggle to Exceed Simple Benchmarks

Alex Jones Warns of Government Intervention Risks for XRP

From power laws to AI networks, why complex Bitcoin price models memorize market noise

Threshold to Break a Bitcoin Key Drops to 813 Logical Qubits

Real Weakens 0.12%, Stablecoin Exchange Rate Path Confirmed

The Day China Banned ICOs with a Statement - The Crazy Crypto Stories

Bitcoin Miners' Holdings Increase by 261 BTC

Bitcoin and Gold Correlation Exceeds 50%, Approaching Six-Year High

Putin and Trump Maintain Communication Channels Amid Ukraine Tensions

Electricity Theft for Cryptocurrency Mining Becomes a Serious Problem for Southeast Asia

Hargreaves Lansdown Launches Cryptocurrency ETNs for UK Investors

Cloudflare Launches Vulnerability Defense Service with OpenAI

Bitcoin Below $80K, Digital Ruble and Hot Topics of the Crypto Forum

El Reno Bitcoin Facility Closed Due to 3.8 Million Gallon Leak

Bitcoin Awakens After 10 Years, 202.84 BTC Transferred

Bitcoin's Annual Returns Concentrated on Few Trading Days, Long-Term Holding Outperforms Timing Trades

Experts Recommend Long-Term Holding Strategy for BTC

Bitcoin Hashrate Fails to Surpass Historic High in 312 Days

$778 Billion Traditional Asset Futures Transform Exchanges











