{"id":64358,"date":"2022-07-13T18:04:37","date_gmt":"2022-07-13T15:04:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64358"},"modified":"2025-09-06T14:02:09","modified_gmt":"2025-09-06T11:02:09","slug":"analysts-identify-strong-popularity-of-cryptocurrencies-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/analysts-identify-strong-popularity-of-cryptocurrencies-in-saudi-arabia\/","title":{"rendered":"Analysts identify strong popularity of cryptocurrencies in Saudi Arabia"},"content":{"rendered":"<p>Nearly one in seven adult residents of Saudi Arabia has owned or traded cryptocurrency in the last six months, according to KuCoin researchers.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">In the <a href=\"https:\/\/twitter.com\/hashtag\/Cryptoverse?src=hash&#038;ref_src=twsrc%5Etfw\">#Cryptoverse<\/a> Report: Saudi Arabia 2022 \ud83c\uddf8\ud83c\udde6<\/p>\n<p>\u2728 3 million Saudi Arabian adults have invested in <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a><\/p>\n<p>\u2728 76% are fresh crypto investors who only started in the recent one year<\/p>\n<p>\u2728 Saudis mainly invest in crypto for the long-term growth potential <\/p>\n<p>Read the full report \ud83d\udc47<\/p>\n<p>\u2014 KUCOIN (@kucoincom) <a href=\"https:\/\/twitter.com\/kucoincom\/status\/1547204202560008201?ref_src=twsrc%5Etfw\">July 13, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In absolute terms, that amounts to roughly 3 million residents.<\/p>\n<p>Seventy-six per cent of crypto investors have less than a year of experience in the sector, including 49 per cent who began taking their first practical steps no more than six months ago.<\/p>\n<p>By age, 37% are under 30; by gender, the distribution is 63% men to 37% women.<\/p>\n<p>Seventeen per cent of respondents said they intend to invest in digital assets over the next six months.<\/p>\n<p>In Q1, 49% of crypto investors said they were prepared to increase allocations over the next six months. In Q2, almost a third said they would pause on this.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The kingdom has a significant market in the <span data-descr=\"the Middle East and North Africa region\" class=\"old_tooltip\">MENA<\/span> region with a favourable regulatory climate in the country, a large consumer base and growing interest in cryptocurrencies&#8221;<\/em>, \u2014 KuCoin.<\/p>\n<\/blockquote>\n<p>Earlier in 2019, <a href=\"https:\/\/forklog.news\/oae-i-saudovskaya-araviya-sozdadut-kriptovalyutu-dlya-transgranichnyh-platezhej\/\">\u041e\u0410\u042d \u0438 \u0421\u0430\u0443\u0434\u043e\u0432\u0441\u043a\u0430\u044f \u0410\u0440\u0430\u0432\u0438\u044f \u043e\u0431\u044a\u044f\u0432\u0438\u043b\u0438 \u043e \u0441\u043e\u0442\u0440\u0443\u0434\u043d\u0438\u0447\u0435\u0441\u0442\u0432\u0435<\/a> \u0441 \u0446\u0435\u043b\u044c\u044e \u0441\u043e\u0437\u0434\u0430\u043d\u0438\u044f \u0446\u0438\u0444\u0440\u043e\u0432\u043e\u0439 \u0432\u0430\u043b\u044e\u0442\u044b \u0434\u043b\u044f \u0442\u0440\u0430\u043d\u0441\u0433\u0440\u0430\u043d\u0438\u0447\u043d\u044b\u0445 \u043f\u043b\u0430\u0442\u0435\u0436\u0435\u0439.<\/p>\n<p>In late November 2020, the parties said that the Aber CBDC released under the project demonstrated the technical feasibility of the concept.<\/p>\n<p>Earlier in KuCoin<a href=\"https:\/\/forklog.com\/en\/news\/kucoin-africas-crypto-transactions-rise-fifteenfold-in-2021\"> \u043f\u043e\u0434\u0441\u0447\u0438\u0442\u0430\u043b\u0438<\/a> that in 2021 the number of crypto transactions in Africa grew fifteenfold.<\/p>\n<p><a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nearly one in seven adult residents of Saudi Arabia has owned or traded cryptocurrency in the last six months, according to KuCoin researchers.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,1411,1368],"class_list":["post-64358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-kucoin","tag-saudi-arabia"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=64358"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64358\/revisions"}],"predecessor-version":[{"id":64359,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64358\/revisions\/64359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=64358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=64358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=64358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}