The deserts of the Middle East are experiencing a new kind of gold rush – a digital one. Cryptocurrency markets and investments are exploding in popularity, with the region witnessing a surge in daily traders and a growing embrace of crypto-friendly regulations.
Crypto markets and investments are becoming more and more popular in the Middle East. According to research by Bitget, currently, there are about 500,000 daily cryptocurrency traders in the Middle East, making it a growing business.
The United Arab Emirates emerges as the clear frontrunner in crypto adoption across the Middle East. Such an outlook aligns with the nation's progressive stance on digital assets.
Middle East sees a 166% surge in crypto trading, and UAE leads with a 72% adoption rate.
Bitget Research provided a report on the adoption of cryptocurrencies in the Middle East region
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