Skip to main content
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.

Labels:

Comments

Post a Comment

Popular posts from this blog

Create a Payza Account in Minutes: Step-by-Step Guide (Availability May Vary) Create a Payza Account in Minutes: Step-by-Step Guide Follow these quick steps to create, verify, and secure your Payza e-wallet. Note: Service availability and features can change—verify on the official site first. Signing up takes a few minutes—verification and security settings keep your wallet safer. Key takeaways Fast signup: Create an account with a valid email, then confirm and complete your profile. Verify early: Prepare ID + proof of address to unlock higher limits and withdrawals. Secure it: Enable 2FA, set strong passwords, and review notification settings. Contents Create Your Account Complete KYC Verification Harden Security (Highly R...
48 comments
Read more
FTX/Alameda Wrapped Tokens on Solana Are No Longer Redeemable: What It Means for soBTC & soETH FTX/Alameda Wrapped Tokens on Solana Are No Longer Redeemable: What It Means for soBTC & soETH A quick, clear explainer on how wrapped-token redemption works, what changed after FTX/Alameda’s collapse, and practical steps to reduce risk. When backing fails, wrapped tokens can lose redemption and deviate from their peg. Key takeaways Wrapped tokens like soBTC and soETH relied on redemption backing tied to FTX/Alameda. After bankruptcy, redemption mechanisms ceased , causing price dislocations on Solana. Holders should evaluate liquidity, contract risk, and official notices before acting. Contents What Happened Wrapped ...
Post a Comment
Read more
Huobi Group Launches New Investment & Incubation Division: What It Means for Web3 Builders Huobi Group Launches New Investment & Incubation Division: What It Means for Web3 Builders A practical overview for founders and developers—focus areas, how to pitch, and what diligence to expect. Huobi’s new initiative aims to accelerate promising Web3 startups with capital and ecosystem support. Key takeaways Founder-focused: Backing teams in DeFi, infrastructure, wallets, payments, NFTs, gaming, and security. Beyond funding: Access to Huobi’s network, GTM playbooks, and technical/security guidance. Be diligence-ready: Show traction, audits, token economics, and a clear execution plan. Contents Focus Areas & Eligibility Applicatio...
Post a Comment
Read more