Middle East crypto activity triples to $350B

• Middle East and North Africa crypto activity has reached about $350 billion annually.
• The figure has more than tripled from roughly $100 billion in 2022.
• Iran and other regional markets are seeing stronger demand for digital assets amid financial disruption.

Middle East and North Africa crypto activity has reached about $350 billion annually.

The figure has more than tripled from roughly $100 billion in 2022, marking a sharp rise in regional blockchain use.

The Bitcoin Policy Institute has linked the growth to financial restrictions, economic disruption and demand for cross-border transfers.

Iran has seen stronger crypto demand as people look for ways to move and preserve money during economic pressure.

Stablecoins and other digital assets can provide alternative routes for payments when traditional financial systems face restrictions.

Crypto adoption remains uneven across the region, with countries showing different levels of activity and regulatory development.

The growth highlights the expanding role of digital assets across the Middle East and North Africa as financial conditions change.