Chainalysis put the value of cryptocurrency received across the Middle East and North Africa at roughly $443.3 billion during a study period running from July 2025 through June 2026, reflecting a 1.4% decline. The study pointed to sharply different trajectories for individual countries. The United Arab Emirates was reported to have climbed 32% to around $104.8 billion, while Türkiye remained the larger market at about $144.5 billion. Chainalysis also highlighted a fivefold increase in peer-to-peer stablecoin transfers handled domestically in Türkiye, and noted that Iranian activity was disrupted during internet blackouts. The reporting window closes in June 2026, so the totals should not be read as October market activity. Estimates also depend on attribution methods and cannot capture every retail purchase or individual user.
Why it matters: It shows that regional crypto activity varies widely by country, so single averages can mislead readers judging adoption claims.
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