MENA crypto volume triples to an estimated $350 billion

The Middle East and North Africa’s annual on-chain crypto transaction volume increased from approximately $100 billion in 2022 to an estimated $350 billion during 2025–2026, according to a Bitcoin Policy Institute report published on Sept. 4. Summary MENA annual on-chain transaction volume rose from about $100 billion in 2022 to estimated $350 billion. Turkey remains the region’s largest crypto market, with annual transaction volume approaching $200 billion, researchers estimate. 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 policy report estimates overall. Currency depreciation and conflict have increased demand for Bitcoin and dollar-backed stablecoins across vulnerable economies. The Bitcoin Policy Institute’s report argues that MENA has become one of the fastest-growing digital asset regions. It attributes that expansion to inflation, currency depreciation, government-backed technology programs and greater institutional participation. However, the $350 billion figure is an institute estimate covering the 2025–2026 period r...