Türkiye Tops $200 Billion as MENA Crypto Markets Redefine Adoption in 2025
Türkiye has solidified its position as the dominant force in the Middle East and North Africa's cryptocurrency landscape, recording a staggering $200 billion in annual transactions despite severe economic headwinds. The Turkish lira's relentless devaluation and inflation exceeding 60% have driven investors toward digital assets as both a hedge and an alternative to traditional financial instability.
Israel's crypto activity surged 60% following national turmoil, underscoring the asset class's role as a crisis hedge. Meanwhile, Iran and the UAE present stark contrasts—one adapting to sanctions, the other flourishing under clear regulatory frameworks.
Chainalysis's 2025 report highlights MENA as a crypto powerhouse, with December 2024 volumes hitting $60 billion. Retail participation in Türkiye has dwindled, with small transactions under $10,000 dropping 2.3%, while institutional flows remain robust amid tighter 2024 KYC regulations and margin product restrictions.