A quick look at the numbers reveals that the Middle East and North Africa (MENA) region has experienced remarkable crypto-related growth over the past year. This is thanks, in large part, to Bitcoin’s meteoric 120% rise (through 2024) which catapulted the sector’s market cap to a little under $3.8 trillion.
During this rise, the MENA region became the seventh-largest crypto market in the world, accounting for 7.5% of global transaction volume.
Moreover, numbers suggest that within nations like the UAE and Saudi Arabia, crypto enthusiasts have started to quickly move beyond centralized exchanges, with decentralized finance (DeFi) platforms fast gaining significant traction in the region.
Value received by decentralized exchanges (DEXs) in the UAE. Source: Chainalysis
Trump’s second term to catalyze MENA’s crypto ambitions?
From the outside looking in, the return of Donald Trump to the US White House seems to have re-ignited the global digital asset fray, with
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