A new report published by blockchain intelligence firm Chainalysis shed light on some interesting news coming out of the Middle East and North Africa (MENA) region. The report found that MENA was among the top adopters of crypto, with its crypto market growing at the fastest pace. Although this region represented a relatively smaller area, […]
A new report published by blockchain intelligence firm Chainalysis shed light on some interesting news coming out of the Middle East and North Africa region.found that MENA was among the top adopters of crypto, with its crypto market growing at the fastest pace.
The volume of crypto received by users in MENA reached $566 billion, marking a growth of 48% compared to the previous year. It is interesting to note that both Turkey and Egypt have experienced a dramatic devaluation of their national currency recently. After MENA, Latin America has been identified as the second fastest growing crypto market, registering a growth of 40%.Well, Saudi Arabia has been identified as the third largest crypto market in MENA, with United Arab Emirates coming in at a fifth place.
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