Turkey Drives Cryptocurrency Activity in MENA, Reaching $200 Billion in Transactions

Turkey’s crypto market has surged to become the leading activity hub in the Middle East and North Africa (MENA), generating over $200 billion in transactions according to Chainalysis. The primary driver of this growth is speculative trading within the country, with investors seeking high returns amid economic instability. 📈 🔍 This surge in activity is accompanied by increased involvement from institutions. 🏦 💰 The Turkish Lira and regulatory shifts are increasingly impactful as Turkey navigates its digital asset landscape.