WEEX, a global crypto exchange, has revealed that 30 percent of its clients in the MENA region are based in Egypt. This significant customer base highlights Egypt’s leading position among countries using the platform, which also includes Algeria, Iraq, Morocco, and Saudi Arabia.

Since its launch in the MENA region in January 2025, WEEX has experienced notable growth. As of March 31, 2025, Algeria accounts for 17.3 percent of the customer base, while Iraq and Morocco each contribute around 7 to 8 percent. Surprisingly, Saudi Arabia represents only 6.2 percent of WEEX’s total MENA customers.

The exchange, which serves over 6 million customers globally, has established its headquarters in Dubai as part of its commitment to the MENA market. Currently, the Dubai office employs 600 people and plans to hire an additional 50 employees over the next two years.

Andrew Weiner, Vice President of WEEX, noted the impressive growth in their MENA customer base since they began offering services. He emphasized the attraction of cryptocurrency in the region, particularly in North Africa and the GCC. WEEX aims to expand its offerings and acquire regulatory licenses to enhance its services further.

WEEX has a daily trading volume exceeding $5 billion and supports more than 1 700 trading pairs. The exchange also features a 1 000 BTC Protection Fund to safeguard user assets. To cater to MENA clients, WEEX provides Arabic language support through various channels, including chatbots and community platforms.

Fred, WEEX’s MENA Regional Manager, remarked that as traditional markets face inflation and uncertainty, cryptocurrency represents a beacon of innovation, offering a glimpse into a more resilient financial future.

The MENA region has emerged as a significant player in the global crypto market, as highlighted in the Chainalysis 2024 crypto geography report, which ranked it as the seventh largest crypto market globally. Notably, Turkey and Morocco lead this market, while Saudi Arabia is recognized for its remarkable growth rate of 154 percent year-over-year in 2024.

In Egypt, the cryptocurrency market is projected to reach 11.3 million users by 2025, with a user penetration rate estimated at 9.72%.