The Rise of Crypto in MENA: A $338 Billion Market

🚀 The Middle East and North Africa (MENA) region has emerged as the 7th-largest cryptocurrency market, receiving an impressive $338.7 billion in on-chain value between July 2023 and June 2024. With countries like Türkiye and Morocco leading the adoption index, the region is seeing tremendous growth in both retail and institutional crypto activity. 💰

📊 Key Insights:

1. Türkiye leads the region with $137 billion in on-chain value.

2. Morocco follows with $12.7 billion.

3. 93% of the region's transactions are valued over $10,000, driven by professional investors.

4. The UAE is witnessing growth thanks to a favorable regulatory environment.

5. Saudi Arabia’s crypto market grew by 154% year-over-year, with a significant share of transactions happening on decentralized exchanges (DEXs).

MENA’s rise in the global crypto space signals growing adoption across professional, institutional, and retail sectors, with decentralized exchanges playing a key role in regions without comprehensive crypto regulations.

Disclaimer: The information shared in this post is for educational and informational purposes only. It should not be considered financial or investment advice. Always conduct your own research before making any financial decisions.

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Image Source
Anvita Gupta/Fast Company Middle East

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🚨BREAKING:🚨

Saudi Crown Prince informed US Congress members that his life is in danger for working to normalize relations with Israel.

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Saudi Crown Prince Mohammed bin Salman has reportedly expressed fears for his life amid rising tensions. According to Politico, he has urged U.S. Congress members to address his concerns about potential threats. Bin Salman is said to have linked his safety to his efforts in advancing Saudi-Israeli relations and collaboration with the U.S.

He drew a historical parallel to Egypt's former President Anwar Sadat, who was assassinated after negotiating with Israel at Camp David. The Crown Prince also advocated for incorporating a viable path to Palestinian statehood in any potential agreement with Israel, emphasizing the peak of Arab frustration with the current situation.

What are your thoughts on these dramatic developments? Share your views in the comments!

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Next 12-16 Months is Bright.

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