đ **Crypto Boom in MENA: 7th Largest Market Worldwide!** đ
The Middle East and North Africa (MENA) region has surged to become the 7th largest cryptocurrency market globally, receiving a whopping $338.7 billion in on-chain value from July 2023 to June 2024, according to Chainalysis. TĂŒrkiye leads with $137 billion, followed by Morocco at $12.7 billion.
Key Highlights:
- 93% of transactions are over $10,000, driven by institutional players.
- UAE sees growth due to favorable regulations.
- Saudi Arabia's crypto market grew 154% YoY, with significant DEX activity.
đŹ What do you think about MENA's crypto rise? Share your thoughts below!