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š¦šŖ Crypto in the UAE: Adoption, Exchanges & Events
š Population Adoption
#cryptobyregion #MarketRebound
High ownership rate: About 25ā30% of the UAE populationāroughly 3āÆmillion peopleāown crypto, placing it among the top countries globally for adoption en.wikipedia.org+15coinspeaker.com+15cryptoforinnovation.org+15.
Rapid growth: In Q1 2024, the UAE recorded roughly 500,000 daily traders, marking a 166% year-over-year surge, with daily traders projected to reach 700,000 by yearās end cryptoforinnovation.org+2newswire.ca+2linkedin.com+2.
Local vs expats: While crypto adoption among Emirati nationals may be around 10%, overall adoption including expatriates is much higherādriven by a wealthy and tech-savvy expat population .
š Exchange Infrastructure
Global exchanges dominate: Most UAE users trade on international centralized exchanges; local alternatives like Rain and Bybit (Dubaiābased) have strong regulatory footing reuters.com+9newswire.ca+9en.wikipedia.org+
Rain: Licensed by ADGM in 2023āoffering brokerage and custody services en.wikipedia.org.
Bybit: Dubai-based and ranked as the worldās second-largest exchange, though it faced a $1.5āÆbillion hack in Feb 2025 en.wikipedia.org.
šļø Crypto Ecosystem & Events
Regulatory hubs: Dubaiās VARA, ADGM, and DMCC are key freeāzones offering licenses for trading, custody, and OTC services blockchain-life.com+12cryptoforinnovation.org+12en.wikipedia.org+12.
Major events: The UAE hosts top-tier crypto gatherings:
Crypto Expo Dubai (June 2025)
Blockchain Life Dubai (October 2025)
TOKEN2049 Dubai (April 2026) linkedin.com+14cryptoexpodubai.com+14itez.com+14ft.com+3blockchain-life.com+3ninjapromo.io+3dubai.token2049.com+1reuters.com+1.
šµ Domestic Stablecoin & Crypto Ecosystem
Dirham stablecoin (AEāÆCoin): Launched by Tether and Phoenix Group, and backed by Abu Dhabiās sovereign fund MGX reuters.com+2coinspeaker.com+2reuters.com+2.
Major investment: Abu Dhabiās MGX invested $2āÆbillion in Binance, underpinning UAEās ambitions as a crypto hub ft.com+2reuters.com+2reuters.com+2.
ā Summary
The UAE exhibits high and accelerating crypto adoption, with around 1 in 4 residents owning crypto.
Exchanges: Global platforms lead, but local licensed platforms like Rain and Bybit are emerging.
Crypto ecosystem: Strengthened by supportive regulators (VARA, ADGM, DMCC) and internationally renowned crypto event
Innovation: Launch of AEāÆCoin and major institutional investments from MGX further deepen the crypto infrastructure
Would you like a closer look at a specific topicālike how Emiratis compare with expats, the event schedules, or details about local exchanges?
Key UAE Crypto News
UAE crypto bet is a new twist on AI infrastructureFavicon
reuters.com
UAE crypto bet is a new twist on AI infrastructure
Mar 13, 2025
FaviconFaviconFavicon
ft.com
Abu Dhabi's MGX to invest $2bn in crypto exchange Binance
Mar 12, 2025
Crypto industry descends on Dubai as Trump euphoria recede
š Population Adoption
#cryptobyregion #MarketRebound
High ownership rate: About 25ā30% of the UAE populationāroughly 3āÆmillion peopleāown crypto, placing it among the top countries globally for adoption en.wikipedia.org+15coinspeaker.com+15cryptoforinnovation.org+15.
Rapid growth: In Q1 2024, the UAE recorded roughly 500,000 daily traders, marking a 166% year-over-year surge, with daily traders projected to reach 700,000 by yearās end cryptoforinnovation.org+2newswire.ca+2linkedin.com+2.
Local vs expats: While crypto adoption among Emirati nationals may be around 10%, overall adoption including expatriates is much higherādriven by a wealthy and tech-savvy expat population .
š Exchange Infrastructure
Global exchanges dominate: Most UAE users trade on international centralized exchanges; local alternatives like Rain and Bybit (Dubaiābased) have strong regulatory footing reuters.com+9newswire.ca+9en.wikipedia.org+
Rain: Licensed by ADGM in 2023āoffering brokerage and custody services en.wikipedia.org.
Bybit: Dubai-based and ranked as the worldās second-largest exchange, though it faced a $1.5āÆbillion hack in Feb 2025 en.wikipedia.org.
šļø Crypto Ecosystem & Events
Regulatory hubs: Dubaiās VARA, ADGM, and DMCC are key freeāzones offering licenses for trading, custody, and OTC services blockchain-life.com+12cryptoforinnovation.org+12en.wikipedia.org+12.
Major events: The UAE hosts top-tier crypto gatherings:
Crypto Expo Dubai (June 2025)
Blockchain Life Dubai (October 2025)
TOKEN2049 Dubai (April 2026) linkedin.com+14cryptoexpodubai.com+14itez.com+14ft.com+3blockchain-life.com+3ninjapromo.io+3dubai.token2049.com+1reuters.com+1.
šµ Domestic Stablecoin & Crypto Ecosystem
Dirham stablecoin (AEāÆCoin): Launched by Tether and Phoenix Group, and backed by Abu Dhabiās sovereign fund MGX reuters.com+2coinspeaker.com+2reuters.com+2.
Major investment: Abu Dhabiās MGX invested $2āÆbillion in Binance, underpinning UAEās ambitions as a crypto hub ft.com+2reuters.com+2reuters.com+2.
ā Summary
The UAE exhibits high and accelerating crypto adoption, with around 1 in 4 residents owning crypto.
Exchanges: Global platforms lead, but local licensed platforms like Rain and Bybit are emerging.
Crypto ecosystem: Strengthened by supportive regulators (VARA, ADGM, DMCC) and internationally renowned crypto event
Innovation: Launch of AEāÆCoin and major institutional investments from MGX further deepen the crypto infrastructure
Would you like a closer look at a specific topicālike how Emiratis compare with expats, the event schedules, or details about local exchanges?
Key UAE Crypto News
UAE crypto bet is a new twist on AI infrastructureFavicon
reuters.com
UAE crypto bet is a new twist on AI infrastructure
Mar 13, 2025
FaviconFaviconFavicon
ft.com
Abu Dhabi's MGX to invest $2bn in crypto exchange Binance
Mar 12, 2025
Crypto industry descends on Dubai as Trump euphoria recede
šØš³ OVERSOLD CHINESE COINS ON BINANCE: QTUM & NEO POISED FOR PARABOLIC BREAKOUT
#cryptobyregion #CryptoBuyZone
China-linked coins on Binance currently in oversold territory, showing potential for sharp, parabolic moves:
šØš³ QTUM
Oversold RSI signal: TradingView users recently pointed out a double-bottom pattern, noting āRSI is suggesting a buy on this levelā tradingview.com+15tradingview.com+15tradingview.com+15.
On-chain momentum: Bulls are watching for a breakout above the neckline, which could spark a major rally .
Currently priced at $2.06, with intraday weakness signaling potential accumulation .
š Setup Outlook:
Entry: Near support around $2.00ā$2.05.
Stop Loss: Slightly below the recent bottom (~$1.95)
Targets: Short-term retest at $2.30ā$2.40; breakout scenario toward $2.80+.
šØš³ NEO
Shortāterm RSI (1-hour) dipped to ~26ātechnically oversoldāthough daily RSI remains neutral (~40ā45) cryptopurview.com+15rsihunter.com+15tradingview.com+15.
Forms part of a broader corrective wave; some analysts are closely watching for bullish RSI divergence .
Current price: $5.61, with a recent slide of about 1.6% nasdaq.com+3binance.com+3rsihunter.com+3.
š Setup Outlook:
Entry: Near current levels, if shortāterm RSI rebounds above ~30 on increased volume.
Stop Loss: Below $5.50.
Targets: Potential bounce toward $6.25ā$6.50.
ā ļø Considerations Before Trading
Double-bottom pattern is more pronounced in QTUM, strengthening its case.
RSI signals: QTUMās low RSI across timeframes is clear; NEO shows oversold only intraday.
Use volume confirmation and watch for breakouts above key resistance levels.
Manage risk properly: set stop losses, trade smaller positions in these volatile setups.
ā Summary Table
Coin Oversold RSI Chart Setup Entry Target Upside Potential
QTUM Daily RSI low + buy signal Double-bottom confirmed~$2.05~$2.30 ā $2.80+
NEO1H RSI ~26Oversold/reversal watch~$5.60~$6.25ā$6.50
#cryptobyregion #CryptoBuyZone
China-linked coins on Binance currently in oversold territory, showing potential for sharp, parabolic moves:
šØš³ QTUM
Oversold RSI signal: TradingView users recently pointed out a double-bottom pattern, noting āRSI is suggesting a buy on this levelā tradingview.com+15tradingview.com+15tradingview.com+15.
On-chain momentum: Bulls are watching for a breakout above the neckline, which could spark a major rally .
Currently priced at $2.06, with intraday weakness signaling potential accumulation .
š Setup Outlook:
Entry: Near support around $2.00ā$2.05.
Stop Loss: Slightly below the recent bottom (~$1.95)
Targets: Short-term retest at $2.30ā$2.40; breakout scenario toward $2.80+.
šØš³ NEO
Shortāterm RSI (1-hour) dipped to ~26ātechnically oversoldāthough daily RSI remains neutral (~40ā45) cryptopurview.com+15rsihunter.com+15tradingview.com+15.
Forms part of a broader corrective wave; some analysts are closely watching for bullish RSI divergence .
Current price: $5.61, with a recent slide of about 1.6% nasdaq.com+3binance.com+3rsihunter.com+3.
š Setup Outlook:
Entry: Near current levels, if shortāterm RSI rebounds above ~30 on increased volume.
Stop Loss: Below $5.50.
Targets: Potential bounce toward $6.25ā$6.50.
ā ļø Considerations Before Trading
Double-bottom pattern is more pronounced in QTUM, strengthening its case.
RSI signals: QTUMās low RSI across timeframes is clear; NEO shows oversold only intraday.
Use volume confirmation and watch for breakouts above key resistance levels.
Manage risk properly: set stop losses, trade smaller positions in these volatile setups.
ā Summary Table
Coin Oversold RSI Chart Setup Entry Target Upside Potential
QTUM Daily RSI low + buy signal Double-bottom confirmed~$2.05~$2.30 ā $2.80+
NEO1H RSI ~26Oversold/reversal watch~$5.60~$6.25ā$6.50
š·šŗ Russia Emerges as a Major Crypto Adopter Amid Sanctions and Economic Shifts
#cryptobyregion #cryptoadoption
Russia has seen significant grassroots and institutional adoption of crypto, driven largely by geopolitical and economic factors:
š Key Adoption Metrics
User numbers
Around 12ā17 million Russians reportedly own cryptoāroughly 9ā12% of the population triple-a.io+14support.bitrue.com+14chainalysis.com+14
Some estimates suggest 13 million Russians (~9% of the population) have performed crypto operations, with about 1āÆmillion doing so daily jamestown.org.
Activity and infrastructure
Russia ranks among Eastern Europeās largest crypto markets, receiving over $182āÆbillion in on-chain inflows across one year (Jul ā23āJun ā24), ranking second only to Ukraine support.bitrue.com.
DeFi transaction volume in Russia grew ~174% yearāonāyear, with ~$58āÆbillion flowing through decentralized platforms coinlaw.io+3cryptonews.com+3triple-a.io+3
Driver
Sanctions and banking restrictions have made crypto a workaround for international transfers and savings en.wikipedia.org+3support.bitrue.com+3patentpc.com+3.
Cheap electricity has fueled large-scale mining; officially sanctioned and underground operations are common patentpc.com+1trmlabs.com+1.
ā Adoption Profile
Grassroots: Everyday users are adopting crypto for savings, remittances, and DeFi, with retail DeFi transactions surging trmlabs.com+5chainalysis.com+5cryptonews.com+5.
Institutional & Mining: Large-scale corporate mining and institutional transactions account for rapid on-chain growth .
Regulatory evolution: As of JulyāÆ2024, Russia legalized mining and crypto trading for international trade, though domestic use with rubles remains banned en.wikipedia.org.
ā Summary
YesāRussia has a large and growing crypto user base and ecosystem. Adoption includes both retail and institutional participation, DeFi growth, mining, and significant transaction volumes, often motivated by sanctions and economic challenges.
#cryptobyregion #cryptoadoption
Russia has seen significant grassroots and institutional adoption of crypto, driven largely by geopolitical and economic factors:
š Key Adoption Metrics
User numbers
Around 12ā17 million Russians reportedly own cryptoāroughly 9ā12% of the population triple-a.io+14support.bitrue.com+14chainalysis.com+14
Some estimates suggest 13 million Russians (~9% of the population) have performed crypto operations, with about 1āÆmillion doing so daily jamestown.org.
Activity and infrastructure
Russia ranks among Eastern Europeās largest crypto markets, receiving over $182āÆbillion in on-chain inflows across one year (Jul ā23āJun ā24), ranking second only to Ukraine support.bitrue.com.
DeFi transaction volume in Russia grew ~174% yearāonāyear, with ~$58āÆbillion flowing through decentralized platforms coinlaw.io+3cryptonews.com+3triple-a.io+3
Driver
Sanctions and banking restrictions have made crypto a workaround for international transfers and savings en.wikipedia.org+3support.bitrue.com+3patentpc.com+3.
Cheap electricity has fueled large-scale mining; officially sanctioned and underground operations are common patentpc.com+1trmlabs.com+1.
ā Adoption Profile
Grassroots: Everyday users are adopting crypto for savings, remittances, and DeFi, with retail DeFi transactions surging trmlabs.com+5chainalysis.com+5cryptonews.com+5.
Institutional & Mining: Large-scale corporate mining and institutional transactions account for rapid on-chain growth .
Regulatory evolution: As of JulyāÆ2024, Russia legalized mining and crypto trading for international trade, though domestic use with rubles remains banned en.wikipedia.org.
ā Summary
YesāRussia has a large and growing crypto user base and ecosystem. Adoption includes both retail and institutional participation, DeFi growth, mining, and significant transaction volumes, often motivated by sanctions and economic challenges.
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