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Crypto Industry Explodes in Arab Region: Over a Quarter of UAE Population Deals in Cryptocurrencies

The vast majority are under the age of 34, and the proportion of males amounts to more than two-thirds of users

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The crypto industry has exploded despite its long fall since late 2021, especially in the Arab region, until more than a quarter of the UAE population deals in cryptocurrencies, according to a new study.

According to the report, prepared by “Triple A”, the adoption of cryptocurrencies globally is increasing, as about 4.2% of the world’s population owns digital currencies, and their number exceeds 420 million people worldwide, according to what was seen by Al Arabiya.net. .

The UAE topped the global ranking in terms of the ratio of cryptocurrency dealers to the population at 27.67%, followed by Vietnam at 20.54%, then Singapore at 13.93%, Iran at 13.46%, and the United States at 13.22%.

But in absolute terms, the United States tops the ranking, with more than 46 million dealers, followed by India with 27 million investors, Pakistan with 26 million, Nigeria with 22 million, and Vietnam with 20 million.

The statistics also revealed that the percentage of males amounts to more than two-thirds of users, while the vast majority of cryptocurrency dealers are under the age of 34, and more than 71% of cryptocurrency traders have a university qualification, while their average annual income is more than 25 thousand dollars.

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2023-06-12 05:33:00

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