๐ UAE crypto market booms! ๐
- The number of daily crypto traders in the UAE has jumped 51% year-on-year to over 500,000. The UAE now leads crypto adoption per capita with a 68% increase!
- Progressive regulation and institutional investment are key to this rapid growth. The UAE is a global hub for discussions on the future of blockchain, says Binanceโs Rachel Conlan.
- MENA is a crypto hotspot with 7% of global transaction volume and $389.9 billion in on-chain value. The UAE offers a clear regulatory environment and 0% taxation in Free Zones.
- Dubai and Abu Dhabi are major financial hubs with supportive crypto regulations. VARA and DFSA in Dubai, as well as ADGM in Abu Dhabi, are leading the way in crypto regulation.
- The UAE is an attractive destination for international investors with its strategic location and strong government support.
What do you think about the growth of crypto in the UAE? Letโs discuss in the comments! ๐ฌ
