Report: Cryptocurrency investors in Saudi Arabia profit $351 million
A news report, citing the blockchain analytics company (Chainalysis), stated that digital currency investors in the Kingdom of Saudi Arabia achieved hundreds of millions of dollars in their investments during the year 2023, as the Kingdom led the Gulf Cooperation Council countries in the gains achieved by investors.
The report indicated that Saudi digital currency investors achieved gains worth $351 million last year, followed by digital currency investors in the Emirates, where the cryptocurrency community in the Emirates achieved profits of $204 million from selling assets at a price greater than their purchase price.
Despite the strong profits of the digital currency community in Saudi Arabia and the Emirates, according to data from the analysis company (Chainalysis), none of the other Gulf Cooperation Council countries were included in the company’s list of the top 50 countries in the world in terms of digital currency profits. Read also:
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