Middle East Crypto Transactions Surge to $350 Billion Amid Regional Conflict
- Annual on-chain transactions in the region are projected to reach $350 billion by 2025–2026.
- Turkey leads with nearly $200 billion in crypto volume, followed by the UAE at about $150 billion.
- Saudi Arabia experienced a year-on-year growth of 154%, while Qatar saw a rise of 120%.
- Peer-to-peer Bitcoin trading in Egypt surged over 300% after multiple devaluations of the Egyptian pound.
The ongoing regional conflict has prompted investors in the Middle East and North Africa to increasingly turn to digital assets as a means of wealth protection. The Bitcoin Policy Institute highlights that capital is shifting into cryptocurrencies rather than fleeing the region, showcasing their role as a hedge against economic instability.
As geopolitical tensions rise, cryptocurrency markets have shown resilience, with Bitcoin dominance climbing to nearly 65%. This trend underscores how conflict is accelerating the maturity of digital assets within the region. (Source)
