Middle East & Africa Cryptocurrency Exchange Platform Market Size & Outlook
Middle East & Africa cryptocurrency exchange platform market, 2018-2030 (US$M)
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MEA cryptocurrency exchange platform market highlights
- The MEA cryptocurrency exchange platform market generated a revenue of USD 3,836.7 million in 2023.
- The market is expected to grow at a CAGR of 26.5% from 2024 to 2030.
- In terms of segment, bitcoin was the largest revenue generating coin in 2023.
- Bitcoin is the most lucrative coin segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 3,836.7 million |
| Market revenue in 2030 | USD 19,834.3 million |
| Growth rate | 26.5% (CAGR from 2023 to 2030) |
| Largest segment | Bitcoin |
| Fastest growing segment | Bitcoin |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bitcoin, Ethereum, Cardano, Solana |
| Key market players worldwide | BLOK Technologies Inc, Wellfield Technologies Inc, Coinbase Global Inc Ordinary Shares - Class A, Kraken Robotics Inc, Monex Group Inc, eToro USA, Binance.US, Robinhood Markets Inc Class A, FTX, AirSwap |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.4% of the global cryptocurrency exchange platform market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 68,362.6 million by 2030.
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Cryptocurrency Exchange Platform Market Scope
Cryptocurrency Exchange Platform Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa cryptocurrency exchange platform market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cryptocurrency exchange platform market will help companies and investors design strategic landscapes.
Bitcoin was the largest segment with a revenue share of 45.82% in 2023. Horizon Databook has segmented the Middle East & Africa cryptocurrency exchange platform market based on bitcoin, ethereum, cardano, solana covering the revenue growth of each sub-segment from 2018 to 2030.
Despite the presence of digital-savvy customers and a high penetration rate of smartphones ranging between 80-90%, the MEA region is a dominant cash economy. The low adoption of digital currencies in the region represents an untapped opportunity.
The demand for cryptocurrencies in the region is expected t o stem from the unstable economies of countries such as Lebanon, Iran, Sudan, and Zimbabwe. The transition to cryptocurrencies is also driven by the devaluation of currency on account of inflation.
The trend extends to countries like Bahrain, wherein prominent exchanges such as Binance are setting up a centralized cryptocurrency exchange. Several governments in the region have established regulations for cryptocurrencies, making deposits and withdrawals easy for users.
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Target buyers of Middle East & Africa cryptocurrency exchange platform market databook
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Our clientele includes a mix of cryptocurrency exchange platform market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa cryptocurrency exchange platform market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cryptocurrency exchange platform market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA cryptocurrency exchange platform market outlook size, by country, 2018-2030 (US$M)
Middle East & Africa Cryptocurrency Exchange Platform Market Outlook Share, 2023 & 2030 (US$M)
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