Institutional crypto investments surge in MENA region, led by Saudi Arabia and UAE

Institutional crypto investments in the MENA region reached $338.7 billion in 2023 and 2024, with Saudi Arabia and the UAE leading the charge, according to Bitpanda Technology Solutions.

Their data reveals that 93% of the crypto value transferred comprises transactions over $10,000, underscoring strong institutional activity in the region.

During this period, the UAE alone received over $30 billion in crypto, placing it among the top 40 countries globally. Saudi Arabia, meanwhile, marked the fastest growth in the MENA crypto economy, showing a 154% year-over-year increase.

Data also highlights the rising influence of stablecoins, now making up 65% of crypto transactions in the region, overtaking Bitcoin.

Nadeem Ladki, Global Head of Bitpanda Technology Solutions, noted that new UAE tax regulations aimed at improving compliance are likely to boost institutional confidence further.

"The MENA region's crypto growth, especially in Saudi Arabia and the UAE, reflects increasing institutional interest in this dynamic market," Ladki said.

"Our infrastructure, which supports over 450 crypto assets with regulatory compliance, enables institutions to engage seamlessly in this space. The UAE’s proactive policy reforms, including recent tax law changes, are expected to drive sustained industry growth."