Cryptocurrency & Finance
Middle East emerges as growing crypto hub amid 166 percent surge in traders
The Middle East is rapidly emerging as a global crypto hotspot, with daily traders surging 166 percent year-over-year and nations like the UAE, Saudi Arabia, and Qatar leading the charge. Backed by clear regulations, rising investor confidence, and landmark moves like the UAE’s approval of a dirham-backed stablecoin (AE Coin), the region is shifting from crypto-cautious to crypto-forward. With 7.5 percent of global crypto transactions and major exchanges like Binance and OKX setting up shop, the Middle East is poised to become a key player in the future of digital finance.
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