Turkey Leads MENA with $200B in Crypto Volume – but Chainalysis Warns It’s ‘All Speculation’

Turkey has emerged as the Middle East and North Africa’s largest cryptocurrency market, recording nearly $200 billion in annual transactions, according to new data from Chainalysis. The country’s volume surpasses all others in the region, accounting for nearly four times that of the United Arab Emirates (UAE), which ranks second with $53 billion. Source: Chainalysis Despite the surge, analysts caution that much of Turkey’s crypto activity appears to be driven by speculative trading rather than sustainab ...