MENA Crypto Transaction Volume Triples to Estimated $350 Billion
The Middle East and North Africa's (MENA) annual on-chain crypto transaction volume has more than tripled to an estimated $350 billion, according to a recent report by the Bitcoin Policy Institute. This significant growth is attributed to various factors, including inflation, currency depreciation, government-backed technology programs, and increased institutional participation.
The report highlights that Turkey remains the region's largest crypto market, with annual transaction volume approaching $200 billion. Saudi Arabia recorded 154% year-over-year growth, while Qatar followed with a 120% increase, according to Chainalysis. The UAE processed approximately $150 billion in crypto transactions during 2025.
The report notes that currency depreciation and conflict have increased demand for Bitcoin and dollar-backed stablecoins across vulnerable economies. However, it's essential to note that the $350 billion figure is an estimate covering the 2025-2026 period rather than a confirmed total for one completed calendar year.