Saudi Arabia Continues to Lead MENA in Crypto Expansion
Saudi Arabia has emerged as the fastest-growing crypto economy in the MENA region for the second year. With a 154% year-over-year growth rate, surpassing the UAE.
This rapid expansion is driven by the country’s young population, with 63% under 30, who are more open to new financial technologies. Much of Saudi Arabia’s and Qatar’s crypto activity comes from decentralized finance platforms due to limited regulations for centralized exchanges. While Qatar has introduced 2024 Digital Assets Regulations to foster growth. Most of MENA’s crypto activity remains driven by institutional and professional investors.
Clever Robot News Desk 26th September 2024
