Crypto markets and investments are becoming more and more popular in the Middle East. According to research by Bitget, currently, there are about 500,000 daily cryptocurrency traders in the Middle East, making it a growing business.
UAE Adopts Crypto-Friendly Rules
According to the research, the United Arab Emirates boasts the most crypto-friendly regulatory framework, while other Middle Eastern nations are gradually improving their regulations from outright prohibitions to compliance.
With a notable surge in on-chain users in recent years, Middle Eastern users have preferences for chains that allow them to participate in games, the metaverse, and decentralized projects.
Read Also: Bitwise CEO Dissects IMF Bitcoin Flow Report; Here is What to Know
Retail Investors Hop Memecoins Bandwagon in the Middle East
The research also highlights that in the Middle East, retail investors have a wider range of interests and are willing to speculate on memecoins, whereas institutional users in the M
We współpracy z: https://coingape.com/crypto-interest-rises-in-middle-eastern-markets-with-500k-daily-traders/
