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Turkey's crypto market hits $200B, leading MENA region and outpacing UAE by 4x

Market News
31 May 2026
Bitcoin
View Source
Bullish
pluang ai news

Turkey's cryptocurrency market has surged to approximately $200 billion in transaction volume over the past year, making it the largest in the Middle East and North Africa (MENA) region. This growth, driven largely by speculative trading amid economic challenges like inflation and currency weakness, positions Turkey far ahead of regional peers such as the UAE, whose market volume is about $53 billion. The upcoming Istanbul Blockchain Week event is expected to further spotlight Turkey's expanding digital asset sector, attracting global investors, institutions, and developers. Ripple, a major blockchain company, is actively expanding in the region, highlighting Turkey's growing importance in the crypto ecosystem.

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