Report: One third of Israelis and Emiratis own cryptocurrency
Both Israel and the UAE have emerged as centers of cryptocurrency in the Middle East.
A New York-based cryptocurrency exchange released a report today detailing cryptocurrency ownership in the Middle East.
Gemini published its first “Global state of crypto” report following what it said was a pivotal year for digital currencies. The exchange conducted a poll of people in various countries to determine worldwide rates of cryptocurrency ownership and related findings.
Gemini’s data indicated that 28% of people in Israel and 35% of people in the United Arab Emirates own cryptocurrency, according to the report. Israel and the UAE are the only Middle Eastern countries included in the study.
In Israel, 51% of the respondents who reported owning cryptocurrency are female. In the UAE, however, 68% are male, indicating a relative lack of crypto ownership among women in the Gulf state.
