MENA Crypto Market Soars to $350 Billion

The Middle East and North Africa (MENA) cryptocurrency market has seen significant growth over the past four years, with annual on-chain transaction volume reaching approximately $350 billion in 2025-2026.

This represents a more than threefold expansion from the $100 billion recorded in 2022. Saudi Arabia stands out as the region's fastest-growing market, with a year-over-year increase of 154%. Qatar follows closely behind at 120% growth rate.

Turkey remains the largest market by transaction value, with annual transactions approaching $200 billion through mid-2025. In contrast, the UAE has seen significant institutional participation and regulated digital asset businesses drive its growth, with a 33% increase in transaction volume from 2024 to 2025.