The Middle East and North Africa (MENA) cryptocurrency market has expanded more than threefold in four years, with annual on-chain transaction volume reaching approximately $350 billion (roughly 468 trillion won). The Bitcoin Policy Institute reported that the region’s annual on-chain crypto transaction volume grew from about $100 billion in 2022 to approximately $350 billion in 2025–2026.

Growth trajectories diverge sharply by country. Turkey maintained its position as the region’s largest market with annual transaction volume of roughly $200 billion (approximately 267.4 trillion won), followed by the United Arab Emirates (UAE) at about $150 billion (roughly 200.6 trillion won). By growth rate, however, Saudi Arabia posted the…