Middle East and North Africa are fastest-growing crypto markets: Data
From institutional crypto usage in the United Arab Emirates to remittance payments in the Egyptian market, the last year revealed major growth for crypto in the MENA region. Emerging markets continue to forge their way into the crypto scene finding a plethora of use cases, especially in the combined Middle East and North Africa (MENA) region. A new report from Chainalysis reveals that the crypto market in the MENA region is the fastest growing in the world. Transaction volume in the MENA region reveals users received $566 billion in crypto in the time frame of July 2021 to June 2022. This....
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The Bitcoin (and crypto market in general) in the Middle East and North Africa (MENA) region is the fastest growing in the world, according to a report released by data platform Chainalysis. Countries that are part of MENA are Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait and Lebanon. Other nations within the region include […]
The Middle East and North Africa remain one of the more difficult parts of the world in which to acquire bitcoins. Although largely justified by the region's low GDP, the concentration of Bitcoin clients in the region is low, and options for exchanging the local forms of digital money for bitcoins were hard to find - until now. Bitcoin Nordic recently introduced CashU as a payment option. Bitcoin Nordic is a Bitcoin exchange based in Denmark launched on April 2 with its main feature being instant delivery of bitcoins for payments by credit card. This activity was soon suspended by Visa and....
Bitcoin has been making steady progress throughout the West and Europe. It has made a stunningly fast impact on China, at least as a commodity investment if not yet in the retail sector. Australia has also been eager to join the digital party. Africa is starting to dip their toes in the water of crypto-currency. Let's get an update on another region that is just starting to become aware of the economic revolution that is Bitcoin. Bitcoin in the infancy stage in Middle East. While the most developed industrial regions of the world see Bitcoin in a toddler stage, the MENA region (Middle East....
A new blockchain body has been launched with the backing of industry leaders in the Middle East region including figures from Binance, Crypto.com, and the largest crypto exchange in the region. A new blockchain and cryptocurrency-focused association has been launched within Abu Dhabi's free economic zone that aims to further the development of blockchain and crypto ecosystems across the Middle Eastern, North Africa, and Asian regions.The Middle East, Africa & Asia Crypto & Blockchain Association (MEAACBA) was officially launched on Nov. 8 in the Abu Dhabi Global Market (ADGM), a free....
Of the $566 billion in cryptocurrency transaction volume for the Middle East and North Africa (MENA) region between July 2021 and June 2022, nearly 40% went to Turkey, which kept its place as the region’s biggest cryptocurrency market, according to the latest Chainalysis data. In Afghanistan, the Taliban’s takeover has seen the value of cryptocurrencies sent to the country drop from a peak of $68 million to less than $80,000 per month. Turkey Cements Position as MENA’s Biggest Crypto Market According to the latest Chainalysis data, the volume of cryptocurrency....