UAE crypto market expected to grow 10-fold

According to a new report from MENA blockchain ecosystem, Crypto Oasis, released Monday. According to the report, there were over 1,400 active organizations and 7,000 individuals working with cryptocurrencies and blockchain technology in the UAE by September 2022.

“The regional market is expected to grow ten times with access to the financial resources and opportunities in the UAE,” Ralf Glabischnig, the founder of Crypto Oasis, said in a press release.