Cryptocurrency

2024

United

A new report published by Bitget Research, the research arm of cryptocurrency exchange Bitget, has revealed that the Middle East region has seen a significant increase in cryptocurrency usage. The report discusses the main factors affecting the adoption rate and their effects on user behavior.
According to the report, 2024 was an important turning point for the Middle East crypto market. An average of 500,000 crypto traders operate daily in the region, marking a 166% increase compared to the previous year.
The United Arab Emirates (UAE) saw the highest statistics in terms of interest in cryptocurrencies. According to the research, 29% of users believe that digital assets offer a more convenient way to hold assets. 34% of users are cryptocurrency traders and 22% use crypto assets for daily payments.
Related News: <a href="https://en.bitcoinsistemi.com/venezuela-takes-a-new-cryptocurrency-and-usdt-step-against-us-sanctions/" target="_blank" rel="noopener noreferrer nofollow">Venezuela Takes a New Cryptocurrency and USDT Step Against US Sanctions</a>
The United Arab Emirates (UAE) leads the region in crypto usage, with a staggering 72% of local users investing in Bitcoin.
Interestingly, countries in the region rely heavily on global centralized exchanges and there is minimal demand for local exchange platforms. The report predicts that crypto usage in the region will reach 700,000 daily traders by the end of 2024.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/cryptocurrency-middle-east-report-published-good-news-from-critical-country/" rel="noopener noreferrer nofollow">Cryptocurrency Middle East Report Published: Good News from Critical Country</a>

Cryptocurrency Middle East Report Published: Good News from Critical Country

Bitcoin Sistemi EN

Andere artikelen gepubliceerd op 22 apr. 2024

Lark Davis Talks Altcoins and DeFi: Top Picks and Investment Cautions

Bankrupt Man Turns Crypto Whale After SOL Price Surged: BlockDAG’s 30,000x ROI Touted as Next Bul...

OKX Announces It Will List a New Altcoin! There was a sudden increase in price!

Bitcoin Traders Prioritize Broader Risks Over ‘Halving’

Peter Schiff Comes Up with New Reason Why Bitcoin Is a Failure

Crypto Market Poised for Massive 350% Upside, Say Glassnode Cofounders

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!