Saudi Arabia Cryptocurrency Market to Grow Worth USD 47.8 Billion by 2034 | Exhibiting CAGR of 7.51%

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 enhance cryptocurrency transaction processing speeds and market analysis capabilities for institutional and retail investors across Saudi Arabia.
• Advanced AI-driven cybersecurity systems protect digital wallets and cryptocurrency exchanges from sophisticated threats, improving trust in the Kingdom's digital asset ecosystem.
• AI fraud detection mechanisms monitor blockchain transactions in real-time, identifying suspicious patterns and reducing financial crimes in Saudi cryptocurrency platforms.
• Machine learning models optimize cryptocurrency price predictions and risk assessments, supporting informed investment decisions aligned with Vision 2030's financial innovation goals.
• AI chatbots and automated customer support systems streamline user experiences on Saudi cryptocurrency exchanges, enhancing accessibility and financial literacy across digital asset platforms.

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How Vision 2030 is Transforming Saudi Arabia Cryptocurrency Industry

Saudi Arabia’s Vision 2030 is rapidly transforming the cryptocurrency industry by driving digital transformation, fintech growth, and blockchain adoption. With 79% of retail transactions already electronic, the Kingdom is creating strong foundations for digital currency integration through advanced regulatory frameworks, CBDC research, and partnerships with global exchanges. Megaprojects like NEOM, along with over 280 licensed fintech firms, are accelerating blockchain use in payments, supply chain, and DeFi. Vision 2030’s focus on youth empowerment, financial inclusion, and international collaborations positions Saudi Arabia as a leading regional hub for digital assets and a key player in the future of cryptocurrency innovation.

Saudi Arabia Cryptocurrency Market Trends & Drivers:

Saudi Arabia's cryptocurrency market is experiencing robust growth, driven principally by government-backed schemes endorsing blockchain adoption, magnified fintech investments, and the Kingdom's ambitious digital economy transformation under Vision 2030. The market benefits from escalating institutional interest as financial institutes explore digital assets for portfolio diversification, supported by the government's proactive approach to blockchain technology that appeals to private equity and venture capital investments. Major financial institutions and banks are actively incorporating blockchain platforms to improve transaction efficiency and security, with the Saudi Central Bank collaborating internationally on central bank digital currency projects like mBridge to evaluate blockchain technology viability for cross-border settlements. This institutional momentum establishes cryptocurrency as a viable alternative in Saudi Arabia's dynamic financial landscape.

The market is further propelled by intensifying interest in cryptocurrency trading and decentralized finance platforms among individuals and companies, facilitated by increasing mobile usage and internet penetration that enable seamless digital financial transactions. The Kingdom's youthful, tech-savvy population demonstrates growing enthusiasm for digital assets, exploring cryptocurrencies as investment tools and alternative income streams, influenced by social media platforms and online communities that enhance awareness about trading, blockchain technology, and crypto projects. Saudi Arabia's fintech sector is expanding rapidly with over 280 licensed firms operating as of early 2025, many focused on blockchain solutions, digital payment innovations, and cryptocurrency infrastructure. The government's regulatory evolution, including plans to introduce regulated stablecoins in partnership with the Capital Market Authority and Saudi Central Bank, provides increasing clarity for investors and businesses while maintaining financial stability. Strategic international collaborations, such as partnerships between Saudi entities and global cryptocurrency exchanges, alongside investments in blockchain infrastructure including data centers and tokenization platforms, demonstrate the Kingdom's commitment to becoming a regional leader in digital assets. The convergence of supportive regulatory frameworks, substantial investment flows, technological infrastructure development, and youth-driven adoption creates a comprehensive ecosystem that positions cryptocurrency as a cornerstone of Saudi Arabia's economic diversification strategy, driving sustained market expansion across trading, remittance, payment applications, and emerging blockchain innovations.

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.

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Recent News and Developments in Saudi Arabia Cryptocurrency Market

• February 2025: A leading European cryptocurrency exchange announced a strategic partnership with a Saudi holding company to advance blockchain infrastructure, focusing on capital market tokenization, central bank digital currency research, and establishing national data centers to support the Kingdom's digital finance transformation aligned with Vision 2030 objectives.
• March 2025: The Saudi government unveiled plans to introduce regulated stablecoins in collaboration with the Capital Market Authority and Saudi Central Bank, aiming to revolutionize digital payment systems and enhance cross-border transaction efficiency across the Kingdom's rapidly growing fintech ecosystem.
• April 2025: Major global cryptocurrency exchanges expressed strong support for Saudi Arabia's digital asset initiatives, highlighting the Kingdom's potential to become a regional leader in stablecoin adoption and blockchain-powered financial services, particularly given the high electronic transaction penetration across retail sectors.

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