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- The MENA region’s annual on-chain cryptocurrency transaction volume rose from about $100 billion in 2022 to about $350 billion in 2025-2026.
- Turkey remained the region’s largest cryptocurrency market with about $200 billion in annual transaction volume, while the UAE recorded about $150 billion in 2025.
- Saudi Arabia’s cryptocurrency transaction volume increased 154% from a year earlier, the fastest growth rate in the MENA region, while Qatar posted a 120% gain.
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The cryptocurrency market in the Middle East and North Africa is expanding rapidly, with annual on-chain transaction volume reaching about $350 billion.
Wu Blockchain reported on September 6 that the Bitcoin Policy Institute estimated the MENA region’s annual on-chain cryptocurrency transaction volume had risen from about $100 billion in 2022 to about $350 billion in 2025-2026. It said the region is now one of the world’s fastest-growing cryptocurrency markets.
Turkey remained the region’s largest market, with annual transaction volume of about $200 billion. The United Arab Emirates’ cryptocurrency transaction volume reached about $150 billion in 2025.
Saudi Arabia stood out on growth. The kingdom’s cryptocurrency transaction volume jumped 154% from a year earlier, the fastest rate in the MENA region. Qatar followed with a 120% increase over the same period.
The Bitcoin Policy Institute said the factors driving cryptocurrency demand vary across the region. In some countries facing conflict or currency depreciation, Bitcoin and dollar-based stablecoins are used as stores of value. In the Gulf states, clearer regulatory frameworks and broader institutional participation are helping the region emerge as a key hub for the digital-asset industry.
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Source: en.bloomingbit.io