MENA Crypto Volume Surges with Turkey and UAE Leading the Charge
- Crypto activity in MENA is projected to rise from $100 billion in 2022 to $350 billion by 2025–2026.
- Bitcoin and stablecoins are increasingly used as hedges against geopolitical instability, inflation, and currency weakness.
- Turkey processes nearly $200 billion annually, making it the largest crypto market in the region.
- The UAE follows with approximately $150 billion in transactions by mid-2025, while Saudi Arabia shows a rapid growth rate of over 154% year-over-year.
- Egypt’s peer-to-peer bitcoin trading surged over threefold due to currency devaluation.
The Middle East and North Africa (MENA) region is experiencing a significant increase in cryptocurrency adoption, driven by both regulatory advancements and crisis-driven demand across different countries. In wealthier Gulf states like the UAE and Qatar, regulation is fostering growth, while nations facing economic instability are turning to bitcoin and stablecoins for financial security.
This expansion highlights how geopolitical factors can bolster cryptocurrency’s role as a resilient financial infrastructure despite initial market volatility during conflicts. (Source)
