💫 Middle East accounts for 7.5% of global crypto trading volume, according to Chainalysis

According to a report released by Chainalysis on September 25, the Middle East and North Africa (MENA) region accounted for 7.5% of the total global crypto trading volume between July 2023 and June 2024.

Chainalysis estimates that the total value received during this period amounted to $338.7 billion, with the vast majority of the transaction volume coming from institutional and professional investors.

According to the report, around 93% of the transactions were estimated to be worth more than $10,000, meaning that small retail investors accounted for just 1.8% of the total transaction volume in the region.

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