According to CoinMeta, bitcoin, policy, and institute reported that the Middle East and North Africa have become one of the fastest-growing crypto markets in the world, with annual on-chain transaction volumes increasing from approximately $100 billion in 2022 to around $350 billion in 2025-2026. Turkey remains the largest market in the region, with annual transaction volumes approaching $200 billion. The UAE's crypto transaction volume is expected to be around $150 billion in 2025, while Saudi Arabia has become the fastest-growing market with a year-on-year growth rate of 154%, and Qatar has seen a year-on-year increase of 120%. The report suggests that regional conflicts and currency devaluations have led some markets to rely more on BTC and US dollar-backed stablecoins as a hedge against risks. Meanwhile, Gulf countries have become the core of regional digital asset growth due to their regulatory frameworks and institutionalization.