The Middle East & North Africa (MENA) are experiencing rapid Bitcoin and centralised digital asset growth, with significant statistics highlighting a region in transformation: Transaction Volume • Total market value: Estimated $338.7B in 2023-2024. • Daily active traders: 500,000 (166% YoY growth). • Institutional transactions (>$10k): Account for 93% of total volume, reflecting increased interest from larger players. Country Leaders UAE 🇦🇪 • $30B+ in Bitcoin and centralised digital asset transactions. • 72% of active users invest in Bitcoin, underscoring strong regional interest in Bitcoin specifically. • 87% growth in decentralized exchange volume, rising from $6B to $11.3B. The UAE’s regulatory clarity and supportive framework have made it a leader in the region. #SaudiArabia 🇸🇦 • 154% YoY growth, the highest in MENA. • 30.9% of activity on DEXs, showing a trend toward decentralized finance. • Regulatory Landscape: Saudi Arabia lacks the regulatory clarity established by the UAE, creating a more cautious environment for digital asset firms. • Demographics: A young population, with 63% under 30, is driving adoption. Regional Dominance • MENA ranks 7th globally in digital asset adoption. • #Stablecoins represent approximately 65% of transactions, highlighting demand for stable, fiat-pegged digital assets. • Projected growth: Expected to reach 700,000 daily active users by the end of 2024. 🔑 Key Insight: This region isn’t just adopting digital assets – it’s setting up a new financial landscape. With institutional-grade infrastructure and supportive regulations in places like the #UAE, #MENA is positioning itself as a global financial innovation hub. #Bitcoin #Nostr https://image.nostr.build/7fb9598a9e3c146910066c4d5dd61f1471fcffc8b66b85018f13bc71f8f7508b.jpg