The annual on-chain crypto transaction volume in the Middle East and North Africa is expected to reach 350 billion dollars by 2025-2026, compared to 100 billion in 2022, representing a threefold increase in three years. Saudi Arabia shows the strongest growth in the region with a 154 % year-over-year increase, despite the official ban on crypto trading since 2018. Turkey remains the largest regional market with approximately 200 billion dollars exchanged annually, followed by the United Arab Emirates at 150 billion dollars. This momentum is driven by the region’s young population, widespread smartphone adoption, and the use of cryptocurrencies as a hedge against inflation and local currency depreciation.
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