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MENA Leads Global Crypto Growth: Data, Drivers & Country Standouts

MENA Leads Global Crypto Growth: Data, Drivers & Country Standouts

The Middle East & North Africa is outpacing the world in crypto growth. Here’s what the data shows—and why adoption is accelerating.

MENA region graphic representing crypto growth
MENA ranks at the top for year-over-year crypto growth by transaction volume.
Key takeaways
  • MENA is the fastest-growing region for crypto transaction volume (YoY).
  • Growth is driven by remittances, savings use cases, and easing regulations.
  • Standout markets include Egypt, Saudi Arabia, Lebanon, Turkey, and Morocco.

The Data at a Glance

MENA has posted the strongest year-over-year increase in crypto transaction volume compared with other regions, led by consumer use cases and improving access.

What’s Fueling Adoption

Remittances & Savings

Households use crypto for cross-border transfers and inflation hedging.

Access & Regulation

Broader on-ramps and more permissive rules in select markets help usage grow.

Community & Education

Grassroots trading communities and fintech apps are expanding awareness.

Country Standouts

  • Egypt: rapid growth with strong retail adoption.
  • Saudi Arabia & Lebanon: sizable year-over-year gains.
  • Turkey: largest market by received value in the region, though growth is steadier.
  • Morocco: increasing retail use alongside education efforts.

How MENA Compares Globally

While MENA’s growth rate is highest, its total share of global received value remains smaller than Europe and North America—leaving room for further adoption.

FAQs

Which sectors benefit most?

Remittances, freelance payments, and retail trading, as access improves.

Is regulation supportive across MENA?

Policies vary by country. Some are formalizing licensing, while others restrict usage—always check local rules.

What risks remain?

Volatility, scams, and regulatory shifts. Use reputable platforms, enable 2FA, and be cautious with on-chain approvals.

Disclaimer: This article is for informational purposes only and not financial advice.

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