Crypto Transaction Volume in MENA Estimated to Reach $350 Billion

Cryptocurrency transaction volume across the Middle East and North Africa (MENA) is estimated to have increased from roughly $100 billion in 2022 to $350 billion in 2025–2026, according to the figures provided. The growth reflects expanding regulated adoption in Gulf states and rising demand for bitcoin and stablecoins during periods of conflict, inflation and currency instability.

Regulated Adoption Expands in the Gulf

Several Gulf markets have moved to establish clearer regulatory frameworks for digital-asset businesses. These efforts have supported the development of licensed exchanges, institutional services and other crypto-related infrastructure.

Regulatory progress has also helped position the region as a destination for companies seeking to operate within formal legal and compliance frameworks. Adoption remains uneven across MENA, however, with market activity shaped by local policies, access to financial services and economic conditions.

Bitcoin and Stablecoins Gain Importance

Bitcoin and stablecoins are playing a growing role in the region’s crypto market. Bitcoin is increasingly viewed by some users as an alternative asset during periods of economic uncertainty, while stablecoins—digital tokens generally designed to track the value of fiat currencies such as the U.S. dollar—are used for payments, savings and cross-border transfers.

Demand has also been influenced by war, inflation and pressure on local currencies. In markets where access to foreign currency is limited or traditional payment systems are disrupted, digital assets can provide an additional means of transferring and storing value, although they remain subject to price, regulatory and counterparty risks.

Turkey Among the Region’s Largest Markets

Turkey is identified as one of the leading cryptocurrency markets in the MENA region. High inflation and prolonged currency depreciation have contributed to interest in digital assets, particularly bitcoin and dollar-linked stablecoins.

The country’s large population and active retail trading community have made it a significant source of regional crypto activity. At the same time, users and service providers continue to operate within an evolving regulatory environment.

Growth Accompanied by Regulatory Challenges

The increase in transaction volume highlights the expanding role of digital assets across MENA, but it also presents challenges for regulators and financial institutions. Authorities must balance innovation and access with measures designed to address money laundering, consumer protection, market abuse and financial stability.

Future growth is likely to depend on the development of clear rules, reliable market infrastructure and broader access to regulated services. Economic conditions—including inflation, currency volatility and geopolitical instability—will also remain important factors shaping crypto demand across the region.