Survey reveals high penetration and adoption of crypto in Saudi Arabia

2022.07.14 02:31

Survey reveals high penetration and adoption of crypto in Saudi Arabia

The high degree of penetration and adoption of crypto in Saudi Arabia makes it an important market for digital currencies, demonstrating the potential for expansion in the Middle East and North (MENA) region.

According to a survey conducted by crypto exchange KuCoin, around 3 million Saudi Arabians (or 14% of the adult population aged 18 to 60) have become crypto investors who, as of May 2022, either currently own cryptocurrencies or have traded in the past six months.

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