The Middle East has emerged as a hotspot for cryptocurrency adoption, according to a recent report by Bitget Research. The average daily number of crypto traders in the region soared to 500,000 in 2024. This figure represents an increase of 166% year-over-year.

72% of crypto users in the UAE have invested in Bitcoin. Bitget anticipates a continued rise in crypto adoption in the Middle East, estimating 700,000 daily active users by the end of 2024.