UAE investors enjoyed substantial crypto gains in 2023, totaling $204 million, ranking second in the Gulf after Saudi Arabia’s $351 million, says a Chainalysis study. Globally, only UAE and Saudi Arabia made it to the top 50. Worldwide, investors saw $37.6 billion in gains, rebounding from 2022’s $127.1 billion losses. Bitcoin led UAE investments, contributing 70% of gains, followed by Ethereum (24%) and XRP (3%).