Nearly one in seven Saudi Arabian adults owns or trades in cryptocurrencies in the past six months. Such estimates are provided by KuCoin researchers.

In absolute terms, we are talking about about 3 million inhabitants of the Middle Eastern country.

76% of crypto investors have less than a year of experience in the industry, including 49% who have not taken their first practical steps in less than six months.

In terms of age, 37% are under 30 years old, and the ratio of females and males in terms of gender is 63% to 37%.

17% of respondents expressed a desire to invest in digital assets in the next six months.

In the first quarter, 49% of crypto investors reported that they are ready to increase their investments in the next six months. In the second quarter, almost one in three said they will take a break from this topic.

“The Kingdom has an important market in the region. MENA With a favorable regulatory climate in the country, a large consumer base, and growing interest in cryptocurrencies”— Finalized on KuCoin.

Recall that in 2019, the UAE and Saudi Arabia collaborated to create a digital currency for cross-border payments.

At the end of November 2020, the parties stated that the CBDC published under the Aber project demonstrated the technical feasibility of the concept.

Earlier, KuCoin calculated that in 2021, the number of crypto transactions in Africa increased by 15 times.

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