Bitcoin Policy Institute: MENA on-chain crypto volumes hit $350B as Saudi Arabia posts fastest growth

AI Market Summary
Bitcoin Policy Institute data showing MENA on-chain crypto volume rising to roughly $350B highlights accelerating regional adoption, with Gulf regulation and institutional participation strengthening market structure. Turkey and the UAE remain major centers, while Saudi Arabia's rapid growth underscores expanding user and capital flows. Increased use of BTC and USD-backed stablecoins as hedges amid conflict and currency depreciation supports crypto’s utility narrative and can improve near-term sentiment and liquidity.
Impact level
● Medium
Affected assets
BTC/USDT+0.63%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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The Middle East and North Africa (MENA) is emerging as one of the world's fastest-growing crypto regions, with annual on-chain transaction volume climbing from about $100 billion in 2022 to roughly $350 billion in 2025–2026, according to the Bitcoin Policy Institute. Turkey remains the region's largest market, with yearly transaction volume nearing $200 billion. The UAE recorded around $150 billion in crypto transaction volume in 2025. Saudi Arabia led regional expansion, posting 154% year-over-year growth, followed by Qatar at 120%. The report added that conflict and currency depreciation have boosted the use of BTC and U.S. dollar-backed stablecoins as hedging tools in some markets, while Gulf countries are becoming digital-asset growth hubs on the back of clearer regulation and rising institutional participation.