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Rabat– Morocco is consolidating its place among the world’s most active cryptocurrency markets, according to the 2025 Chainalysis Global Crypto Adoption Index, which highlights the Kingdom’s steady rise in the Middle East and North Africa (MENA) region.
The report ranks Morocco 24th worldwide, ahead of Kenya (25th), Egypt (26th), and South Africa (28th), and just behind major emerging players such as Brazil (5th) and Nigeria (6th). This performance confirms Morocco’s growing involvement in the global crypto economy, despite maintaining a cautious regulatory stance.
Chainalysis notes that Morocco ranks 20th in retail centralized service activity, 23rd in total centralized service value, 25th in decentralized finance (DeFi) activity, and 28th in institutional flows, illustrating a balanced adoption across individual and structured financial use cases, including savings, remittances, and payments.
While the report does not delve deeply into Morocco-specific use cases, the country’s inclusion in global charts and indices signals that its crypto activity is increasingly tracked and measured within regional and international trends.
Across the MENA region, cryptocurrency transactions grew by 33% between July 2024 and June 2025, peaking at $60 billion in December 2024. Morocco features alongside regional hubs such as Turkiye, the UAE, Egypt, Saudi Arabia, Israel, and Jordan, each driven by different motivations — from speculative trading in Turkiye to regulatory innovation in the UAE.
Unlike these markets, Morocco’s trajectory appears more gradual and sustainable, as authorities — notably Bank Al-Maghrib and the Moroccan Capital Market Authority (AMMC) — continue working on a regulatory framework for digital assets, still officially prohibited in the country.
Globally, the 2025 ranking is led by India, the United States, Pakistan, Vietnam, and Brazil, while Nigeria, Indonesia, Ukraine, the Philippines, and Russia round out the top ten. The MENA region’s inclusion asserts its rising influence in global crypto flows, with Morocco playing an increasingly visible role.
According to Chainalysis, this year’s findings reflect diverse motivations for adoption, from financial inclusion and inflation protection to technological innovation. Morocco, positioned as a serious and steadily advancing actor, could see its role expand as the country moves toward clear regulations.
Despite the current restrictions, Morocco’s strong showing in the report demonstrates its citizens’ growing engagement with digital finance. As cryptocurrencies continue to reshape global markets, the North African country appears well-placed to leverage this transformation as part of its broader digital economy ambitions.
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