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Blockchain Exchange Binance Sees 49% Surge in MENA User Growth

Binance reports significant user growth in the Middle East and North Africa region, driven by rising interest in virtual assets and supportive government initiatives.
Published on 2022-10-08

Blockchain Exchange Binance Sees 49% Surge in MENA User Growth

Blockchain exchange Binance has reported a 49% increase in user sign-ups across the Middle East and North Africa (MENA) region in 2022. This growth highlights the rising interest in virtual assets in the region, supported by progressive government initiatives.

Implications of Growing Adoption

The surge in user growth suggests that government efforts to create a regulated environment for virtual assets are paying off. As more businesses enter the space, awareness and adoption of blockchain technology are expected to accelerate further. This trend underscores the MENA region's potential as a key market for digital asset innovation and growth.

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