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Saudi Arabia Cryptocurrency Market Size, Business Opportunity and Forecast 2026–2034

The Saudi Arabia cryptocurrency market size reached USD 24.9 Billion in 2025. Looking forward, IMARC Group expects the market to reach USD 47.8 Billion by 2034, exhibiting a growth rate (CAGR) of 7.51% during 2026-2034.

Saudi Arabia Cryptocurrency Market Overview

Market Size in 2025: USD 24.9 Billion

Market Size in 2034: USD 47.8 Billion

Market Growth Rate 2026-2034: 7.51%

According to IMARC Group's latest research publication, "Saudi Arabia Cryptocurrency Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2026-2034", The Saudi Arabia cryptocurrency market size was valued at USD 24.9 Billion in 2025. Looking forward, IMARC Group estimates the market to reach USD 47.8 Billion by 2034, exhibiting a CAGR of 7.51% during 2026-2034.

How AI is Reshaping the Future of Saudi Arabia Cryptocurrency Market

  • AI-powered trading algorithms analyze market patterns in real-time, enabling Saudi investors to execute faster, smarter cryptocurrency transactions with reduced risk exposure.
  • Machine learning models enhance fraud detection and security protocols across Saudi crypto exchanges, protecting digital assets from cyber threats and unauthorized access attempts.
  • AI-driven sentiment analysis tools monitor social media and news sources, providing Saudi traders with actionable insights on market trends and price movements.
  • Automated AI systems optimize cryptocurrency mining operations in Saudi Arabia, improving energy efficiency and maximizing computational performance for blockchain validation.
  • AI chatbots and virtual assistants deliver personalized cryptocurrency guidance to Saudi users, simplifying wallet management, transaction processing, and investment decision-making processes.

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How Vision 2030 is Transforming Saudi Arabia Cryptocurrency Industry

Saudi Arabia's Vision 2030 is revolutionizing the cryptocurrency industry by prioritizing digital transformation, fintech innovation, and economic diversification beyond oil dependency. The initiative drives demand for blockchain solutions, integrating advanced technologies to support cashless payments and financial inclusion. This transformation aligns with digital economy goals, promoting blockchain adoption and decentralized finance platforms in megaprojects like NEOM and smart city developments. Government support for fintech startups and blockchain ventures spurs innovation and positions Saudi Arabia as a regional digital finance hub, while initiatives like Project mBridge and stablecoin exploration demonstrate commitment to regulated digital assets. Ultimately, Vision 2030 elevates the sector as a cornerstone of financial modernization, enhancing digital infrastructure and positioning Saudi Arabia as a leader in blockchain technology and cryptocurrency adoption.

Saudi Arabia Cryptocurrency Market Trends & Drivers:

Saudi Arabia's cryptocurrency market is experiencing robust growth, driven by escalating popularity of fintech innovation, digital assets, and blockchain technology adoption. The market is fueled by government policies aiding technological innovations, particularly through Vision 2030 initiatives supporting digital transformation and blockchain integration across financial services, supply chain management, and government operations. Institutional investments are surging as financial institutes explore digital assets for portfolio diversification, with the government's proactive approach regarding blockchain technology appealing to private equity and venture capital investments into cryptocurrency projects, while the Saudi Central Bank's collaboration with UAE, China, Thailand, and Hong Kong banks on the mBridge project evaluates viability of central bank digital currencies using blockchain technology.

The rapid expansion of decentralized finance and digital payment infrastructure is significantly boosting market demand. With heightened awareness about DeFi platforms facilitating direct transactions without intermediaries and providing improved transparency and security, more platforms are offering DeFi solutions with access to investment, trading, and loans opportunities through blockchain systems. The fintech sector is expanding rapidly with over 200 fintech firms currently operating in Saudi Arabia, while approximately one billion dollars was invested in the country's fintech startups in recent years. Rising youth interest in digital assets, coupled with smartphone penetration exceeding 79% for electronic retail transactions, is driving cryptocurrency adoption as young individuals explore cryptocurrencies as investment tools and alternative assets to diversify income streams through DeFi opportunities and exposure to global digital markets.

Saudi Arabia Cryptocurrency Market Industry Segmentation:

The report has segmented the market into the following categories:

Component Insights:

  • Hardware
  • Software

Type Insights:

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Ripple
  • Litecoin
  • Dashcoin
  • Others

Process Insights:

  • Mining
  • Transaction

Application Insights:

  • Trading
  • Remittance
  • Payment
  • Others

Breakup by Region:

  • Northern and Central Region
  • Western Region
  • Eastern Region
  • Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in Saudi Arabia Cryptocurrency Market

  • February 2025: The Web3 Alliance of Saudi Arabia was launched to foster adoption of blockchain and Web3 technologies in alignment with Vision 2030, founded by The Sandbox, Animoca Brands, and Outlier Ventures to build a collaborative ecosystem for businesses driving growth through awareness, standards, networking, and research and development initiatives.
  • May 2025: Nvidia announced multiple strategic partnerships with Saudi Arabia focusing on advancing blockchain and AI infrastructure in the Kingdom, with collaborations aimed at boosting decentralized computing and blockchain adoption while influencing AI-related cryptocurrencies and blockchain-linked AI solutions across digital transformation initiatives.
  • November 2025: Saudi Arabia announced plans to introduce regulated stablecoins in collaboration with the Capital Market Authority and the Saudi Central Bank, enhancing cashless payment infrastructure where electronic transactions already represent a significant portion of retail activity and positioning the Kingdom as a regional leader in digital payments and stablecoin adoption.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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