Middle East & Africa Cryptocurrency Market Size & Outlook

The cryptocurrency market in Middle East & Africa is expected to reach a projected revenue of US$ 730.9 million by 2030. A compound annual growth rate of 11.9% is expected of Middle East & Africa cryptocurrency market from 2025 to 2030.
Revenue, 2024 (US$M)
$377.5
Forecast, 2030 (US$M)
$730.9
CAGR, 2025 - 2030
11.9%
Report Coverage
Middle East & Africa

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Middle East & Africa cryptocurrency market, 2018-2030 (US$M)

Middle East & Africa cryptocurrency market, 2018-2030 (US$M)

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MEA cryptocurrency market highlights

  • The MEA cryptocurrency market generated a revenue of USD 377.5 million in 2024.
  • The market is expected to grow at a CAGR of 11.9% from 2025 to 2030.
  • In terms of segment, hardware was the largest revenue generating component in 2024.
  • Software is the most lucrative component segment registering the fastest growth during the forecast period.

MEA data book summary

Market revenue in 2024USD 377.5 million
Market revenue in 2030USD 730.9 million
Growth rate11.9% (CAGR from 2025 to 2030)
Largest segmentHardware
Fastest growing segmentSoftware
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software
Key market players worldwideAdvanced Micro Devices Inc, Binance.US, Bitfury Group, BitGo, Bitmain, Intel Corp, NVIDIA Corp, Ripple India, Xapo, Xilinx

Other key industry trends

  • In terms of revenue, MEA region accounted for 6.6% of the global cryptocurrency market in 2024.
  • Globally, Asia Pacific 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 3,784.5 million by 2030.

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Cryptocurrency Market Companies

Name Profile # Employees HQ Website
Xapo View profile 11-50 Palo Alto, California, United States, North America http://xapo.com
Xilinx View profile 1001-5000 San Jose, California, United States, North America http://www.xilinx.com
BitGo View profile 101-250 Palo Alto, California, United States, North America http://www.bitgo.com
Binance.US View profile 251-500 Palo Alto, California, United States, North America https://www.binance.us
Bitfury Group View profile 501-1000 Amsterdam, Noord-Holland, The Netherlands, Europe http://www.bitfury.com
Bitmain View profile 501-1000 Beijing, Beijing, China, Asia https://www.bitmain.com
Advanced Micro Devices Inc View profile 26000 2485 Augustine Drive, Santa Clara, CA, United States, 95054 https://www.amd.com
Ripple India View profile 11-50 Hyderabad, Andhra Pradesh, India, Asia https://www.rippleindia.in
NVIDIA Corp View profile 29600 2788 San Tomas Expressway, Santa Clara, CA, United States, 95051 https://www.nvidia.com
Intel Corp View profile 124800 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 https://www.intel.com

Middle East & Africa Cryptocurrency Market Outlook Share, 2024 & 2030 (US$M)

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