MENA- The fastest
growing crypto market
MENA- The fastest
growing crypto market
About Crypto markets
About Crypto markets
From North America to Dubai, every nation is trying hard to bring in crypto investments. MENA takes the lead
1. MENA
1. MENA
The Middle East and North Africa are the world's fastest-growing crypto markets. $566 billion received in cryptos between July 21 and June 22
MENA countries at the top
MENA countries at the top
Three MENA countries are among the top 30 in Global Crypto Adoption Index, with Turkey in 12th place, Egypt taking the 14th spot and Morocco 24th.
Turkey currency woes
Turkey currency woes
In Turkey high inflation coupled with devaluing Lira has made crypto an attractive investment option. Same is the case with Egypt.
Latin America is close 2nd
Latin America is close 2nd
Latin America saw the second biggest growth at 40 per cent in the same period.
3. North America
3. North America
North America was next at 36 per cent growth. The growth has slowed down due to non-friendly response from Federal Reserve.
4. Asia & Australia
4. Asia &
Australia
Central & Southern Asia and Australia combined stands at 35 per cent growth.
Fastest not the biggest
Fastest not the biggest
To be clear, MENA is the fastest growing crypto market that stands at 48% YoY growth. It's not the biggest by volume
Data Source
Data Source
The report is published by blockchain researcher Chainalysis. The firm is also helping authority recover crypto from Ronin hack.
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