MENA- The fastest growing crypto market

About Crypto markets

From North America to Dubai, every nation is trying hard to bring in crypto investments. MENA takes the lead


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

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

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 saw the second biggest growth at 40 per cent in the same period.

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

Central & Southern Asia and Australia combined stands at 35 per cent growth.

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

The report is published by blockchain researcher Chainalysis. The firm is also helping authority recover crypto from Ronin hack.

We're on You Tube

Find the best Crypto content only on   Katoch Tubes