The MENA region boasts the world’s sixth-largest crypto economy, with an estimated $389.8 billion in on-chain value from July 2022 to June 2023, constituting 7.2% of global transaction volume, per Chainalysis. Turkey, Morocco, and Iran rank in the top 30 crypto economies. Notably, the UAE leads in DeFi activity due to innovative regulations, while Turkey favors centralized exchanges to combat currency devaluation.
MENA Region Crypto Report: UAE Leads the Way in Supporting Regulatory Clarity for Digital Assets
