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Middle East & North Africa: Regulatory Momentum and DeFi Fuel Adoption - Chainalysis
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 Report
 Middle East & North Africa: Regulatory Momentum and DeFi Fuel Adoption
 
 
 September 25, 2024
 |
 by Chainalysis Team
 
 
 
 
 
 
 
 
 
 
 This post is an excerpt from our 2024 Geography of Cryptocurrency Report. Reserve your copy now! The Middle East & North Africa (MENA) region ranks as the seventh-largest crypto market globally in 2024, with an estimated $338.7 billion in on-chain value received between July 2023 and June 2024, accounting for 7.5% of the world’s total transaction volume. Although the market is smaller compared to other regions, MENA includes two countries ranked in the top 30 of the global crypto adoption index: Türkiye (11th) and Morocco (27th), capturing $137 billion and $12.7 billion of value received, respectively...
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