Between November 2023 and April 10, the number of active cryptocurrency users from the Middle East and North Africa using the Bitget platform grew by more than 1,400%. Bitget’s strong performance in the Middle East and North Africa is attributed to the region’s perceived high adoption rates and the generally friendly landscape for cryptocurrencies.
Bitget Cites High Adoption Rates in MENA Following 1,400% Surge in Region’s Active Users
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According to Bitget, the number of active traders in the Middle East and North Africa (MENA) using its platform grew by approximately 1,455% in just over four months of serving that region. Simultaneously, the number of copy traders or users whose strategies mirror those of professional traders increased by 1,233% during the same period.
As explained in a statement, Bitget’s users from the MENA region stood at approximately 2.5 million as of April 10, 2023. This constitutes about 10% of the crypto exchange’s global users.
Sam A. Spiers, Bitget’s regional manager for the MENA, attributes the crypto exchange’s growth to the region’s perceived high adoption rates and the generally crypto-friendly landscape. Spiers added:
We are exploring blockchain and crypto projects to support home-ground projects for listing and provide more exposure to Middle Eastern founders and products.
To hit the ground running in the region, Bitget added Arabic language support for its website and mobile application. In addition, the crypto exchange also partnered with a crypto payment solution provider, allowing its users to buy and sell crypto using various local currencies, including AED.
Meanwhile, Bitget Managing Director Gracy Chen said that with the MENA region already accounting for a significant portion of global crypto transaction volume, her crypto exchange platform’s objective now is to secure more licenses from countries in the region.
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