Middle East accounts for 7.5% of global crypto volume — Chainalysis

According to the World Bank, less than 50% of adults in the Middle East and North Africa region had access to adequate banking services.

According to a Sept. 25 Chainalysis report, the Middle East and North Africa region (MENA) accounted for 7.5% of all cryptocurrency transaction volume globally between July 2023 and June 2024.

Chainalysis estimates the total value received during the period to be $338.7 billion, with the vast majority of the transaction volume coming from institutional and professional investors.

According to the report, an estimated 93% of transactions were for $10,000 or more — dwarfing small retail investors, who accounted for a tiny 1.8% of all transaction volume in the region.

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According to the World Bank, less than 50% of adults in the Middle East and North Africa region had access to adequate banking services.
According to a Sept. 25 Chainalysis report, the Middle East and North Africa region (MENA) accounted for 7.5% of all cryptocurrency transaction volume globally between July 2023 and June 2024.Chainalysis estimates the total value received during the period to be $338.7 billion, with the vast majority of the transaction volume coming from institutional and professional investors.According to the report, an estimated 93% of transactions were for $10,000 or more — dwarfing small retail investors, who accounted for a tiny 1.8% of all transaction volume in the region.Read more