MENA emerges as world’s fastest-growing crypto adopter -study – Reuters.com
- Date: 05-Oct-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Egypt
MENA emerges as world’s fastest-growing crypto adopter -study – Reuters.com
DUBAI, Oct 5 (Reuters) - The Middle East and North Africa are the world's fastest-growing cryptocurrency markets, with the volume of crypto received in the region jumping 48% in the year to June, blockchain researcher Chainalysis said in a report on Wednesday.
While the MENA region is one of the smallest crypto markets, its growth to $566 billion received in cryptocurrency between July 2021 and June 2022 shows adoption is rising rapidly.
Latin America saw the second biggest growth in the same period, at 40%. North America was next at 36% growth, followed closely by Central and Southern Asia and Oceania at 35% growth, Chainalysis said.