The cryptocurrency market in the Middle East has experienced significant growth, with daily traders increasing by 166% to 500,000 in 2024, according to a Bitget Research report. The United Arab Emirates (UAE) is at the forefront of this surge, with 72% of local users investing in Bitcoin. This growth is attributed to favorable regulations and a bullish market. The region primarily relies on global centralized exchanges, with minimal demand for local exchanges.
MENA Region Contributes Significantly to Global Crypto Transaction Volume Says Bitget https://t.co/AArfJQH2iT
Bitget Cites High Adoption Rates in MENA Following 1,400% Surge in Region’s Active Users #crypto #cryptocurrency https://t.co/AArfJQH2iT
NEW: Cryptocurrency adoption in the Middle East is booming, with daily traders surging 166% to 500K in 2024. The 🇦🇪 UAE leads the way, with 72% of users owning #Bitcoin 🙌 Favorable regulations and a bullish market are driving this growth. https://t.co/e0NYZ0xPaq
UAE dominating in crypto with 72% into #Bitcoin! No surprise, smart moves from a smart nation. 🇦🇪💰 https://t.co/Nr9mmlYMqQ
JUST IN: UAE LEADS THE MIDDLE EAST IN CRYPTO ADOPTION - 72% OF LOCAL USERS HAVE INVESTED IN $BTC
JUST IN: UAE leads the Middle East in crypto adoption - 72% of local users have invested in $BTC
JUST IN: 🇦🇪 United Arab Emirates leads the Middle East in crypto adoption, with 72% of local users investing in #Bitcoin https://t.co/b7Ego9LGkb
Bitget Research provided a report on the adoption of cryptocurrencies in the Middle East region https://t.co/Okiz0EhOpX
❖ MIDDLE EAST CRYPTO MARKET SURGES, DAILY TRADERS UP 166% IN YEAR • The UAE leads the region in crypto adoption, with 72% of local users investing in Bitcoin. • Local countries predominantly rely on global centralized exchanges, with minimal demand for local exchange…