Israel’s cryptocurrency market has seen a notable rise, particularly in the aftermath of the national crisis that arose from the attacks on October 7, 2023, as reported by Chainalysis.

Between 2024 and 2025, crypto inflows into Israel exceeded $713 billion, continuing a trend observed before the crisis. Prior to the attacks, transaction volumes were almost perfectly aligned with expectations, deviating by only -0.3%. In contrast, post-attacks, the transaction volume consistently surpassed predictions by an average of $0.66 billion every month.

Retail Activity in Cryptocurrency Surges

On average, real activity surpassed expectations by 60.4%, indicating a sustained increase rather than a fleeting response to the situation. This growth trend has persisted into 2025 and has been characterized as a significant behavioral shift among Israeli cryptocurrency users, establishing digital assets as a safe haven during politically unstable times.

Israel Crypto Growth

Similar patterns have been noted in other crisis-stricken nations, such as Ukraine and Iran, where adoption of cryptocurrency saw a spike during geopolitical turmoil.

According to analysis based on transaction sizes, the surge is predominantly retail-driven. Small transactions under $1,000 and medium-sized transfers between $1,000 and $10,000 exhibited the most considerable increases. In early 2025, small retail transfers were nearly six times their January 2022 baseline.

Broader MENA Trends

Beyond Israel, other major cryptocurrency markets in the MENA region display a variety of growth narratives. Turkey reported inflows of approximately $878 billion by mid-2025, surpassing its regional counterparts despite facing challenges from currency devaluation. The UAE reported a 33% growth in its crypto economy from 2024 to 2025, primarily fueled by large institutional deals alongside increasing retail transactions.

With Iran, even amid economic sanctions and isolation from global exchanges, its crypto market continued to grow, albeit with local exchanges dominating the field. Despite struggles, such as a significant cyberattack on Nobitex, volumes were still up 11.8% from 2024.

For further developments in crypto economics and user behaviors, see related articles above.