According to a Chainalysis analysis, cryptocurrency marketplaces in the Middle East and North Africa have expanded more than those in any other region worldwide this year.
According to the estimate, from July 2021 to June 2022, users in the Middle East and North Africa received 566 billion dollars in cryptocurrencies.
According to the report, this is an increase of 48% from the prior year.
This growth is the highest compared to growth in other regions of the world, reaching 40 percent in Europe, 36 percent in North America and 35 percent in Central and South Asia.
According to the survey, three of the top three nations in the 2022 global adoption index—Turkey (12), Egypt (14), and Morocco—are located in the Middle East and North Africa (24).
The most prevalent uses of encrypted currencies in the area are to keep savings, transfers, and extensive encryption requirements.
From “Chainalysis,”
More than any other region in the globe, the Middle East and North Africa’s currency markets are expanding at the moment.
About Author
